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RjRebel Real Estate Investments, LLC

(702) 690-9791

2208 Fair Ave, Las Vegas, NV 89106, USA
Map of Las Vegas 89120 highlighting housing market statistics, including typical home values, number of homes for sale, and recent sales.

Las Vegas 89120 Housing Market Update

March 29, 20252 min read

By RjRebel Real Estate Investments

Introduction

If you’ve been tracking the Las Vegas (89120) housing market, you already know it’s an exciting time for both buyers and sellers. With new data rolling in, we’re seeing steady growth and active listings that might be just what you need to find (or sell) your dream home. Below is a quick overview of the latest numbers:

A line chart displaying the typical home value trends in ZIP code 89120 over the last 12 months. The x-axis represents months from January to December, while the y-axis represents home values in dollars. The chart shows a steady increase in home prices over time, marked with blue dots at each data point.

  • Typical Home Value: $404,713

  • Typical Value 1 Year Ago: $381,191

  • 1-Year Forecasted Value Increase: 1%

  • Homes for Sale: 142

  • Homes Recently Sold: 38

(Note: The image above shows a map of the 89120 area, highlighting the latest home values and sales figures.)


Market Trends & Analysis

  1. Steady Growth
    The increase in typical home value from $381,191 to $404,713 indicates a solid, steady growth in the local market. This suggests that homeowners are gaining equity, while prospective buyers may still find competitively priced listings.

  2. Slight Forecasted Increase
    A 1% forecasted value increase indicates cautious optimism. This may be due to factors such as economic conditions, interest rates, and local developments in the greater Las Vegas area.

  3. Inventory & Demand
    With 142 homes for sale, the area provides options for various budgets and property types. Meanwhile, 38 homes have recently sold, reflecting ongoing buyer interest and a reasonably active market.

A pie chart illustrating the distribution of real estate listings in ZIP code 89120. The chart segments represent single-family homes (blue), condos (orange), and townhouses (green), with corresponding percentages showing their share of the total 142 listings.


Why Las Vegas 89120?

  • Location: Situated near iconic attractions, yet maintaining a suburban feel.

  • Community Amenities: Proximity to shopping centers, restaurants, and schools.

  • Investment Potential: Steady growth and relatively stable forecasts suggest long-term value.


Tips for Buyers and Sellers

  • For Buyers: With a stable forecast and a decent number of homes on the market, this could be a good time to shop around and compare options. Work with a local agent who knows the 89120 area to find the best deals.

  • For Sellers: The steady increase in home values could mean a favorable environment to list. Make sure to stage your home effectively and price it competitively to attract motivated buyers.

A bar chart comparing the current average home value in ZIP code 89120 to the forecasted value with a 1% increase. The left bar (gray) represents the current value of approximately $405,323, while the right bar (green) represents the projected increase to around $409,376.


Conclusion

The Las Vegas 89120 housing market continues to show promise, with moderate growth and active listings. Whether you’re looking to invest, buy your first home, or sell at a profit, it’s essential to stay informed and consult with local professionals.

Have questions or want to learn more? Feel free to reach out or leave a comment below. We’d love to help you navigate the market and make the best real estate decisions.


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(Disclaimer: The data and forecasts mentioned in this post are estimates and can change based on market conditions.)

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RjRebel Real Estate Investments, LLC

We are a Real Estate services company. We can assist you with anything Real Estate related. We are unlike any other company you have spoken with. We actually make offers, pay cash, and have other solutions. We will analyze your situation and determine what is the best possible solution. It may be listings on the market, selling as is, or renting the property out. Regardless of the situation we would love to sit down with you for a complimentary consultation.
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