Home Values

89178 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

$222,300

  • 10.2% 1-year change
  • 5.8% 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

Cold

Buyers' Market
Sellers' Market

The median home value in 89178 is $222,300. 89178 home values have gone up 10.2% over the past year and Zillow predicts they will rise 5.8% within the next year. The median list price per square foot in 89178 is $114, which is higher than the Las Vegas average of $109. The median price of homes currently listed in 89178 is $236,490 while the median price of homes that sold is $224,135. The median rent price in 89178 is $1,250, which is higher than the Las Vegas median of $1,175.

Foreclosures will be a factor impacting home values in the next several years. In 89178 7.3 homes are foreclosed (per 10,000). This is lower than the Las Vegas value of 8.1 and also greater than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 89178 is 11.2%, which is higher than the national value of 6.4%. 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 89178 homeowners underwater on their mortgage is 23.7%, which is lower than Las Vegas at 28.0%.

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Relative ZHVI
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89178 Market Overview

Data through Nov 30, 2014
  • $222,300 ZHVI
  • 5.8% 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
    (Nov 30, 2015)
  • $236,490 Median listing price
  • $224,135 Median sale price
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89178 Market Health

Data through Nov 30, 2014
  • 4.0/10 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
  • 23.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 11.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

7.3 homes 89178
8.1 homes Las Vegas
4.2 homes United States
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Nearby Zip Codes

Name Median ZHVI
89135 $343,300
89141 $243,300
89117 $240,700
Name Median ZHVI
89179 $229,400
89148 $224,700
89139 $214,800
Name Median ZHVI
89113 $195,300
89147 $184,800
89118 $137,700

Listings & Sales

Data through Nov 30, 2014
  • $114 Median list price / sq ft
  • $112 Median sale price / sq ft
  • No data Listings with price cut
23.0%
Sold below listing
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89178 Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,274 89178
    $1,181 Las Vegas
    $1,342 United States

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

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,250 Rent list price
  • $0.67 Rent list price / sq ft
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