Home Values

89148 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$228,100

  • 14.5% 1-year change
  • 6.7% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cool

Buyers' Market
Sellers' Market

The median home value in 89148 is $228,100. 89148 home values have gone up 14.5% over the past year and Zillow predicts they will rise 6.7% within the next year. The median list price per square foot in 89148 is $123, which is higher than the Las Vegas average of $112. The median price of homes currently listed in 89148 is $254,950 while the median price of homes that sold is $211,250. The median rent price in 89148 is $1,325, which is higher than the Las Vegas median of $1,190.

Foreclosures will be a factor impacting home values in the next several years. In 89148 4.9 homes are foreclosed (per 10,000). This is lower than the Las Vegas value of 6.8 and also greater than the national value of 3.9

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 89148 homeowners underwater on their mortgage is 23.2%, which is lower than Las Vegas at 26.5%.

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Relative ZHVI
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89148 Market Overview

Data through Feb 28, 2015
  • $228,100 ZHVI
  • 6.7% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Feb 29, 2016)
  • $254,950 Median listing price
  • $211,250 Median sale price
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89148 Market Health

Data through Feb 28, 2015
  • 2.2/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 23.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

4.9 homes 89148
6.8 homes Las Vegas
3.9 homes United States
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Nearby Zip Codes

Name Median ZHVI
89135 $323,100
89117 $233,900
89178 $211,300
Name Median ZHVI
89139 $200,700
89113 $184,900
89147 $177,100
Name Median ZHVI
89145 $152,900
89118 $129,900
89103 $103,800

Listings & Sales

Data through Feb 28, 2015
  • $123 Median list price / sq ft
  • $116 Median sale price / sq ft
  • 13.0% Listings with price cut
25.4%
Sold below listing
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89148 Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,269 89148
    $1,182 Las Vegas
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,325 Rent list price
  • $0.71 Rent list price / sq ft
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