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LAS VEGAS, NV 89123

Real Estate Market Report  ·  Clark County
Balanced Market
July 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 89123

Aspendale · Frontier Rancho Estate · Henderson · Horizon Vistas · Hunters Glen · Maryland Pebble · Monterey Springs · Moondance at Silverado Ranch · Robindale Eastern · Robindale Terrace · Sante Fe · Silver Oak · Silver Pointe · Silverado Estate · Silverado Ranch Estate · Silverado Trails · Siverado Hills · Southeast Las Vegas · Spencer Ridge · The Highlands: Highland Hills: Highland Hill South · Trails at Warme Springs · Trophy Club · Valle Grande Estate · Verona · Villa Sedona · Westgate · Windmill Park · Windmill Springs · Windmill Village · Wishing Well Ranch

Market Analysis

Data as of July 2026. Source: Realtor.com.

The LAS VEGAS, NV real estate market (89123) currently shows 287 active listings, with 55 pending sales. Homes are averaging 61 days on the market before going under contract.

Inventory has tightened compared to last year, with 11 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 61 days on market compared to 54 days last year.

The median listing price has risen 3.1% year-over-year, from $444,950 to $458,725.

Whether you are buying or selling in LAS VEGAS, NV, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 58,882  ·  Density: 2,194.9/mi²  ·  Median household income: $78,195

Typical home value: $396,563  ·  Homeownership: 56.2%

Market Overview

Active Listings
287
⇩ 3.7% vs 298 last year
Pending
55
19% pending ratio
Median Price
$458,725
⇧ 3.1% vs $444,950 last year
Average Price
$567,250
⇧ 6.8% vs $530,938 last year
Days on Market
61
⇧ 13% vs 54 days last year

Price Per Square Foot

Median $/sqft
$263
⇩ 1.9% vs $268/sqft last year
Median Home Size
1,671 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 287 this year vs 298 last year
  • Days on market: 61 now vs 54 last year

Median & Average Pricing

Year over Year
  • Median: $458,725 (+3.1% YoY)
  • Average: $567,250 (+6.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.1 miles — 2,794 listings ($1,656,385,510 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
89123Las Vegas, NV 891230.0 mi283$161,263,871$435,000$569,837
89119Las Vegas, NV 891193.4 mi175$62,178,200$225,000$355,304
89074Henderson, NV 890743.8 mi242$137,745,432$462,450$569,196
89052Henderson, NV 890524.5 mi344$396,328,936$662,450$1,152,119
89118Las Vegas, NV 891184.6 mi145$94,288,135$284,250$650,263
89014Henderson, NV 890145.4 mi147$73,462,368$424,994$499,744
89169Las Vegas, NV 891696.2 mi148$57,328,244$244,500$387,353
89103Las Vegas, NV 891036.4 mi262$137,644,844$312,473$525,362
89121Las Vegas, NV 891216.8 mi322$135,406,796$372,450$420,518
89102Las Vegas, NV 891027.9 mi133$66,045,406$388,500$496,582
89044Henderson, NV 890448.4 mi263$171,769,508$611,900$653,116
89146Las Vegas, NV 891468.6 mi94$60,376,106$493,700$642,299
89147Las Vegas, NV 891479.1 mi236$102,547,664$417,775$434,524

Frequently Asked Questions

How many homes are for sale in LAS VEGAS, NV 89123?

As of July 2026, there are 287 active listings in LAS VEGAS, NV (zip code 89123), compared to 298 the prior year.

What is the median home price in LAS VEGAS, NV 89123?

The median listing price in LAS VEGAS, NV 89123 is $458,725 as of July 2026, a 3.1% increase from $444,950 the prior year.

How long do homes stay on the market in LAS VEGAS, NV?

Homes in LAS VEGAS, NV 89123 spend an average of 61 days on the market before going under contract, compared to 54 days the prior year.

Is it a seller's or buyer's market in LAS VEGAS, NV 89123?

Based on current inventory and days-on-market data as of July 2026, LAS VEGAS, NV 89123 is currently a Balanced Market. Inventory has tightened compared to last year, with 11 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 61 days on market compared to 54 days last year.

How much can I save on real estate commission in LAS VEGAS, NV?

With SELL123.com's maximum 3% commission, sellers in LAS VEGAS, NV 89123 save an estimated $9,175 compared to a typical 5% commission on the median listing price of $458,725. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.