Market Intelligence · NV / Las Vegas

Las Vegas, NV 89123 Housing Market

Homes in Las Vegas 89123 have a typical value of $435,572, down 3.4% over the past year. The median list price stands at $458,725, with homes taking a median of 61 days on market.

Updated August 2026Median value$436K

The median home value in Las Vegas, NV 89123 is $436K as of August 2026, down 3.4% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 89123 range

$401K to $470K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-3.4% over 12 months

Typical home value in 89123 over the last 12 months: $451K in Jul 2025 to $436K in Jul 2026 (-3.4%).

Jul 2025$451K

Jul 2026$436K

The numbers

What is the 89123 housing market like?

Typical home value

$436K

Down3.4%YoY

Median list price

$462K

Up0.6%MoM

Days on market

60

Down1.6%MoM

Homes for sale

237

Up1.7%MoM

Price cuts

20.4%

Up15.1%MoM

New listings

80

Up8.1%MoM

Sources · Zillow ZHVI (July 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 89123 home prices compare?

  • 89123$435,572
  • Las Vegas$413,243
  • Nevada$420,873
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Las Vegas: 44 ZIPs; Nevada: 133 ZIPs; United States: 26,266 ZIPs).

Context

The 89123 ZIP code has 233 homes for sale as of July 2026, with 74 new listings entering the market. Nearly one in five listings, at 17.7%, have seen price reductions. Homes are spending two months on average to sell in this slowdown. The combination of falling values, extended selling time, and frequent price cuts suggests this is a buyer-favorable market where sellers face genuine headwinds.

Monthly payment

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20% · $87,114

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