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Appaloosa Canyon Quarterhourse Falls Bradley Ranch Briar Hill Park Carriage Park Centennial Hills Cimarron Springs Diamond Creek Eagle Heights at Elkhorn Springs Eikhorn Ranch Elkhorn Springs Floyd Lamb Park Four Winds Gilcrease Iron Mountain Iron Mountain Estates Iron Mountain Ranch Kyle Canyon Lamplight Manor at Iron Mountain Ranch Meadows at Elkhorn Springs Northern Lights at Elkhorn Springs Northwest Equestrian Park Northwest Las Vegas Rancho Corridor (Rancho Drive Corridor) Salt Creek San Marino Circle Silverstone Ranch Stone Mountain Ranch Suncrest Trail The Preserves at Elkhorn Springs Towncenter Upper Las Vegas Whisper Creek Wildflower

LAS VEGAS, NV 89131

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

Neighborhoods in ZIP 89131

Appaloosa Canyon Quarterhourse Falls · Bradley Ranch · Briar Hill Park · Carriage Park · Centennial Hills · Cimarron Springs · Diamond Creek · Eagle Heights at Elkhorn Springs · Eikhorn Ranch · Elkhorn Springs · Floyd Lamb Park · Four Winds · Gilcrease · Iron Mountain · Iron Mountain Estates · Iron Mountain Ranch · Kyle Canyon · Lamplight Manor at Iron Mountain Ranch · Meadows at Elkhorn Springs · Northern Lights at Elkhorn Springs · Northwest Equestrian Park · Northwest Las Vegas · Rancho Corridor (Rancho Drive Corridor) · Salt Creek · San Marino Circle · Silverstone Ranch · Stone Mountain Ranch · Suncrest Trail · The Preserves at Elkhorn Springs · Towncenter · Upper Las Vegas · Whisper Creek · Wildflower

Market Analysis

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

The LAS VEGAS, NV real estate market (89131) currently shows 250 active listings, with 69 pending sales. Homes are averaging 46 days on the market before going under contract.

Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 46 days on market compared to 39 days last year.

The median listing price has fallen 6.8% year-over-year, from $651,950 to $607,500.

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: 50,384  ·  Density: 1,203.6/mi²  ·  Median household income: $109,956

Typical home value: $464,456  ·  Homeownership: 77.3%

Market Overview

Active Listings
250
⇩ 4.9% vs 263 last year
Pending
69
28% pending ratio
Median Price
$607,500
⇩ 6.8% vs $651,950 last year
Average Price
$876,588
⇧ 5.3% vs $832,601 last year
Days on Market
46
⇧ 17.9% vs 39 days last year

Price Per Square Foot

Median $/sqft
$258
⇩ 0.4% vs $259/sqft last year
Median Home Size
2,610 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 250 this year vs 263 last year
  • Days on market: 46 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $607,500 (-6.8% YoY)
  • Average: $876,588 (+5.3% 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 11.5 miles — 1,782 listings ($1,237,220,845 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
89131Las Vegas, NV 891310.0 mi244$224,714,484$649,950$920,961
89143Las Vegas, NV 891433.0 mi78$49,988,562$556,500$640,879
89149Las Vegas, NV 891493.8 mi270$239,290,200$672,475$886,260
89031North Las Vegas, NV 890315.2 mi258$114,635,592$429,937$444,324
89032North Las Vegas, NV 890327.0 mi148$64,265,596$417,008$434,227
89086North Las Vegas, NV 890867.6 mi68$29,365,188$424,988$431,841
89134Las Vegas, NV 891348.0 mi273$231,530,481$539,700$848,097
89030North Las Vegas, NV 890309.3 mi86$30,192,106$349,999$351,071
89106Las Vegas, NV 891069.7 mi98$60,615,352$349,900$618,524
89144Las Vegas, NV 891449.9 mi129$132,177,012$652,500$1,024,628
89105Las Vegas, NV 8910510.9 mi1$330,000$330,000$330,000
89101Las Vegas, NV 8910111.4 mi128$59,366,272$402,500$463,799
89155Las Vegas, NV 8915511.5 mi1$750,000$750,000$750,000

Frequently Asked Questions

How many homes are for sale in LAS VEGAS, NV 89131?

As of April 2026, there are 250 active listings in LAS VEGAS, NV (zip code 89131), compared to 263 the prior year.

What is the median home price in LAS VEGAS, NV 89131?

The median listing price in LAS VEGAS, NV 89131 is $607,500 as of April 2026, a 6.8% decrease from $651,950 the prior year.

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

Homes in LAS VEGAS, NV 89131 spend an average of 46 days on the market before going under contract, compared to 39 days the prior year.

Is it a seller's or buyer's market in LAS VEGAS, NV 89131?

Based on current inventory and days-on-market data as of April 2026, LAS VEGAS, NV 89131 is currently a Balanced Market. Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 46 days on market compared to 39 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 89131 save an estimated $12,150 compared to a typical 5% commission on the median listing price of $607,500. 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.