89131 is one of several Northwest Las Vegas zip codes tracked monthly by Las Vegas REALTORS®, and its June 2026 report put homes closing at 99.2% of their last list price. That figure alone doesn't settle whether a market favors buyers or sellers; months of supply and days on market matter just as much, and both are covered below.

It's worth understanding what this kind of data actually measures. LVR's figures come from its own MLS, which tracks homes listed and sold through licensed agents; it doesn't capture new construction sold directly by builders, or private for-sale-by-owner transactions, both of which are common enough in a fast-growing zip code like this one to matter. That's a real limitation worth keeping in mind rather than treating any single number here as the complete picture of the market.

Property values in 89131 were recorded at the levels below based on LVR's June 2026 data. These figures are a baseline for comparing property values across the Las Vegas MLS, not a prediction of what any specific home will actually sell for.

89131 includes a real mix of housing types, from established single-family subdivisions built in the 2000s to sections of Iron Mountain Ranch and the northwestern edge of Centennial Hills, so a single zip code median can obscure meaningful differences between individual neighborhoods within it. A specific home's value depends heavily on its neighborhood, lot size, and age within that mix, more than the zip code average alone can capture.

The median days on market for 89131 was 28 days as of LVR's June 2026 report. This kind of figure is a useful benchmark for sellers timing a listing or buyers thinking through offer strategy in this specific zip code, though it moves with the season and with how much inventory is available at a given time. A pace in the high 20s to low 30s generally suggests homes that are priced in line with the current market are still finding buyers relatively quickly, while listings that sit well past that median are usually signaling a pricing or condition issue rather than simply bad timing.

89131's inventory spans a real range, from resale homes in established subdivisions to newer construction phases within Iron Mountain Ranch, a master planned section in the northern part of the zip code built out mostly from the mid-2000s onward across several gated and non-gated sections. That mix means buyers can find meaningfully different price points, lot sizes, and architectural styles within the same zip code, depending on which section they're looking at.

The balance between resale and new construction supply shifts over time as builder phases complete and sell out, which is part of why months-of-supply figures for a single zip code can move more than valley wide numbers do. Property taxes on any home purchased here follow Nevada's standard cap, capped at 3% annually for a primary residence and up to 8% for other property, according to the Clark County Assessor's Office.

Residents of 89131 are close to local landmarks like Gilcrease Orchard, and much of the zip code, including Iron Mountain Ranch, sits within a short drive of Floyd Lamb Park at Tule Springs, a large city park with several stocked ponds and walking paths built around a natural desert oasis, according to the City of Las Vegas. The zip code also sits near established master planned communities including Centennial Hills and Skye Canyon. For buyers weighing this zip code against those neighboring communities directly, those two guides walk through what living in each actually looks like day to day.

A list-to-sale ratio close to 100%, like 89131's 99.2% in June, generally means well-priced homes are closing near their asking price rather than seeing steep negotiated discounts, though it says nothing about homes that sat unsold or got pulled off the market entirely. A median of 28 days on market is a reasonable pace, fast enough that overpricing still carries a real cost, but slow enough that buyers usually have time for a proper inspection before committing.

Zip code data like this is a starting point, not a substitute for a specific comparative market analysis on an actual property. If you're weighing whether to list a home in 89131 right now, my Seller's Guide covers the rest of that process in depth. And if you're relocating to the Las Vegas Valley and 89131 is one of several zip codes on your list, my Relocation Checklist covers the logistics of the move itself.