By Cody Moore
July 29, 2026
Nevada REALTOR® #S.0178922
The $400,000 to $500,000 range is one of the more active price bands for single-family homes in the 89031 zip code. This overview covers current inventory, pricing, and pace of sales for that specific segment, pulled directly from Las Vegas REALTORS® (LVR) as of June 2026, for buyers and sellers weighing this particular price bracket. For broader zip-level context, see my 89031 Housing Market Report.
Market Snapshot: $400,000 to $500,000 in 89031
As of June 2026, the median sales price for single-family homes in this range was $435,000, unchanged from a year earlier. This price band sits above the $400,000-and-under segment covered elsewhere on this blog and represents a meaningful share of current 89031 inventory. The figures below reflect a single point in time and will shift as listings and closings continue to be reported.
These figures reflect single-family homes only, priced between $400,000 and $499,999, in the 89031 zip code as of June 2026. Condos and townhomes in this price range are covered separately in other posts on this blog.
Pace of Sales
New Listings and Closings
New listings totaled 616 for the month, down slightly (0.5%) from a year earlier. Closed sales came in at 400, up 2.3% year over year, while pending sales reached 421, up 9.4%. Taken together, this segment is seeing a fairly steady flow of new inventory matched by a comparable pace of sales, without a dramatic imbalance in either direction.
Price Per Square Foot
The median price per square foot was $231, down 2.1% from a year earlier. This figure can be a useful way to compare homes of different sizes within the same price band, since two homes both priced near $450,000 can differ meaningfully in square footage, lot size, and overall value depending on when and where they were built.
None of these figures move in isolation; new listings, pending sales, and closed sales all interact with each other from month to month, which is part of why a single month's snapshot is best read as a point-in-time reference rather than a fixed prediction of what comes next. Reviewing a few months of trend data alongside this snapshot generally gives a fuller picture than any single month on its own.
What the Data Suggests
The rise in median days on market, up nearly 24% year over year, alongside a months-supply figure holding steady at 3.6, suggests this segment is taking somewhat longer to sell than it did a year ago, even though pricing itself hasn't moved. This is consistent with a market that has cooled modestly rather than one experiencing a sharp shift in either direction. For general background on the city itself, see my North Las Vegas overview.
Buyers weighing this specific price band against other segments of the market often find it helpful to look at the bigger picture first.
For additional context on the broader 89031 zip code beyond this specific price band, my 89031 Zip Code Overview covers housing, amenities, and local services more generally.
What This Means for Buyers
With 121 active listings in this specific price range, buyers have a reasonably sized pool to choose from compared to some of the narrower segments covered elsewhere on this blog, like condos or gated communities. A rising days-on-market figure can also mean somewhat more room for negotiation than a year ago, though this varies by individual listing.
This price range is also one some first-time buyers stretch toward, particularly when combined with an assistance program. My First-Time Homebuyer Programs post covers current options available in North Las Vegas.
Timing a purchase around the broader moving process is worth planning for as well.
Buyers relocating from out of state may find my Las Vegas Valley Relocation Checklist useful for the broader moving timeline this fits into.
Financing Considerations at This Price Point
Loan Program Fit
A purchase price in this range generally falls comfortably within both conventional and FHA loan limits for Clark County, meaning most buyers aren't bumping up against a program's maximum loan amount at this price point the way they might at a higher price band. This doesn't mean every buyer qualifies for every program, since qualification depends on income, credit, and debt-to-income factors specific to each buyer rather than the price of the home alone.
Down payment requirements also vary meaningfully by loan type. A conventional loan can require anywhere from 3% to 20% down depending on the specific program and the buyer's qualifications, while government-backed programs like FHA and VA loans have their own separate down payment and qualification structures. Discussing which specific program fits a particular financial situation is a conversation best had directly with a licensed lender before touring homes in this range, rather than assuming any one loan type applies universally to every buyer.
What This Means for Sellers
Sellers in this price range should expect a somewhat longer average time on market than a year ago, based on this data, which makes pricing and presentation worth extra attention before listing. A rising days-on-market figure doesn't necessarily mean a home won't sell quickly, but it does suggest the overall pool of buyers is taking more time to make a decision than it was twelve months ago.
Pricing Realistically From the Start
With months supply holding at a level that isn't sharply favoring sellers, pricing a home accurately from day one, rather than starting high and adjusting later, generally leads to a smoother sale in a market like this. Homes priced in line with recent comparable sales in this specific range tend to attract serious offers faster than those priced aspirationally. My Seller's Guide covers additional preparation steps worth handling before a home goes on the market.
Frequently Asked Questions
How many homes are for sale in 89031 between $400,000 and $500,000?
As of June 2026, there were 121 active single-family listings in this price range in 89031, up 4.3% from a year earlier, according to LVR data.
What's the median price for homes in this range in 89031?
The median sales price was $435,000 as of June 2026, unchanged from a year earlier, according to LVR data.
How long do homes in this price range typically stay on the market?
The median days on market was 26 days as of June 2026, up 23.8% from a year earlier, according to LVR data.
Is this a buyer's or seller's market in this price range?
Months supply stood at 3.6 as of June 2026, unchanged year over year. This figure, combined with a rising median days-on-market number, suggests a market that isn't strongly favoring either side outright, though conditions can shift as new listings and closings continue to be reported.
Ready to Find Your Next Home in 89031?
As a licensed Nevada REALTOR® with Berkshire Hathaway HomeServices Nevada Properties, I can help you find current listings that fit your budget.
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Sources: Las Vegas REALTORS® (LVR) InfoSparks, Single Family property type, custom price range $400,000 to $499,999, 89031 zip code, June 2026 data. Figures are pulled directly from the LVR MLS aggregate statistics tool and are not independently publicly linkable, consistent with the same proprietary-data exception applied to other market-data posts on this blog. Market conditions, pricing, and inventory change regularly; verify current figures directly with a licensed agent before making a decision. This post is for general informational purposes only.
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