ZIP 89123 Housing Market Report
Las Vegas Metro
Report period: May 2026
89123 Monthly Market Update – May 2026
ZIP 89123 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$455,000
+1.1%
Median DOM (Sales)
47
−4.1%
New Listings (Sales)
40
−50.0%
Median Rent
$1,950
0.0%
Median DOM (Rental)
24
+4.3%
Total Rental Listings
310
−2.2%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Townhouse (27 DOM)
- Fastest renting: Single Family (16 DOM)
- Strongest bedroom: 6 Beds ($819,000 median)
Sales Market Overview
Median Price
$455,000
+1.1%
Median DOM
47
−4.1%
New Listings
40
−50.0%
Inventory
394
−0.8%
- Average Price: $585,151
- Median Price: $455,000
- Price Range: $74,900 – $8,400,000
- Price per Sq Ft (Avg/Median): $276 / $261
- Square Footage (Avg/Median): 1,879 / 1,604
- Square Footage Range: 586 – 6,181
- Days on Market (Avg/Median): 69 / 47
- Days on Market Range: 2 – 339
- New Listings: 40
- Total Listings: 394
Sales by Property Type
Condo
Avg/Median Price$325,918 / $295,000Range$165,000 – $879,000Price per Sq Ft$258 / $249Sq Ft1,264 / 1,198DOM88 / 65New10Total123
Land
Avg/Median Price$2,537,727 / $650,000Range$395,000 – $8,400,000Price per Sq Ft—Sq Ft—DOM109 / 58New1Total11
Manufactured
Avg/Median Price$84,950 / $74,900Range$74,900 – $95,000Price per Sq Ft$71 / $71Sq Ft1,056 / 1,056DOM126 / 46New0Total2
Multi-Family
Avg/Median Price$395,686 / $420,000Range$269,900 – $519,900Price per Sq Ft$310 / $307Sq Ft1,323 / 1,368DOM71 / 69New0Total7
Single Family
Avg/Median Price$666,216 / $525,000Range$329,900 – $3,999,000Price per Sq Ft$287 / $270Sq Ft2,291 / 2,055DOM56 / 38New26Total227
Townhouse
Avg/Median Price$348,999 / $339,000Range$289,900 – $434,999Price per Sq Ft$265 / $260Sq Ft1,335 / 1,337DOM69 / 27New3Total24
Sales by Bedroom Count
1 Beds
Avg:$237,183Median:$214,900Range:$165,000 – $438,000PSF:$275 / $258Sq Ft:873 / 822DOM:79 / 54New:1Total:25
2 Beds
Avg:$334,346Median:$319,900Range:$74,900 – $599,995PSF:$266 / $260Sq Ft:1,252 / 1,198DOM:79 / 58New:11Total:107
3 Beds
Avg:$482,486Median:$450,000Range:$95,000 – $1,600,000PSF:$280 / $272Sq Ft:1,743 / 1,612DOM:60 / 39New:15Total:140
4 Beds
Avg:$681,019Median:$599,000Range:$385,000 – $2,300,000PSF:$274 / $250Sq Ft:2,450 / 2,336DOM:62 / 43New:5Total:72
5 Beds
Avg:$1,100,273Median:$785,000Range:$480,000 – $2,800,000PSF:$286 / $249Sq Ft:3,608 / 3,247DOM:61 / 29New:5Total:28
6 Beds
Avg:$985,209Median:$819,000Range:$595,000 – $2,000,000PSF:$249 / $249Sq Ft:3,855 / 3,673DOM:89 / 82New:1Total:9
7 Beds
Avg:$2,337,000Median:$675,000Range:$675,000 – $3,999,000PSF:$564 / $206Sq Ft:3,808 / 3,274DOM:104 / 2New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $237,183 | $214,900 | $165,000 – $438,000 | $275 / $258 | 873 / 822 | 79 / 54 | 1 | 25 |
| 2 Beds | $334,346 | $319,900 | $74,900 – $599,995 | $266 / $260 | 1,252 / 1,198 | 79 / 58 | 11 | 107 |
| 3 Beds | $482,486 | $450,000 | $95,000 – $1,600,000 | $280 / $272 | 1,743 / 1,612 | 60 / 39 | 15 | 140 |
| 4 Beds | $681,019 | $599,000 | $385,000 – $2,300,000 | $274 / $250 | 2,450 / 2,336 | 62 / 43 | 5 | 72 |
| 5 Beds | $1,100,273 | $785,000 | $480,000 – $2,800,000 | $286 / $249 | 3,608 / 3,247 | 61 / 29 | 5 | 28 |
| 6 Beds | $985,209 | $819,000 | $595,000 – $2,000,000 | $249 / $249 | 3,855 / 3,673 | 89 / 82 | 1 | 9 |
| 7 Beds | $2,337,000 | $675,000 | $675,000 – $3,999,000 | $564 / $206 | 3,808 / 3,274 | 104 / 2 | 1 | 2 |
Rental Market Overview
Median Rent
$1,950
0.0%
Median DOM
24
+4.3%
New Listings
57
Inventory
310
−2.2%
- Average Rent: $2,144
- Median Rent: $1,950
- Rent Range: $1,205 – $10,000
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,553 / 1,378
- Square Footage Range: 529 – 5,660
- Days on Market (Avg/Median): 39 / 24
- Days on Market Range: 1 – 318
- New Listings: 57
- Total Listings: 310
Rentals by Property Type
Apartment
$1,403
Median DOM: 63
Inventory: 14
MoM: 0.0%
Condo
$1,600
Median DOM: 40
Inventory: 123
MoM: 0.0%
Single Family
$2,263
Median DOM: 16
Inventory: 162
MoM: 0.0%
Townhouse
$1,800
Median DOM: 17
Inventory: 11
MoM: 0.0%
Apartment
Avg/Median Rent$1,491 / $1,403Range$1,205 – $1,950Rent per Sq Ft$2 / $2Sq Ft832 / 728DOM61 / 63New0Total14
Condo
Avg/Median Rent$1,743 / $1,600Range$1,210 – $4,700Rent per Sq Ft$2 / $1Sq Ft1,152 / 1,155DOM54 / 40New18Total123
Single Family
Avg/Median Rent$2,528 / $2,263Range$1,285 – $10,000Rent per Sq Ft$1 / $1Sq Ft1,936 / 1,777DOM28 / 16New37Total162
Townhouse
Avg/Median Rent$1,797 / $1,800Range$1,600 – $2,000Rent per Sq Ft$1 / $1Sq Ft1,330 / 1,376DOM21 / 17New2Total11
Rentals by Bedroom Count
1 Beds
Avg:$1,461Median:$1,360Range:$1,205 – $2,000PSF:$2 / $2Sq Ft:830 / 786DOM:42 / 34New:7Total:46
2 Beds
Avg:$1,794Median:$1,650Range:$1,295 – $3,500PSF:$2 / $1Sq Ft:1,185 / 1,155DOM:49 / 40New:14Total:95
3 Beds
Avg:$2,151Median:$2,060Range:$1,575 – $5,000PSF:$1 / $1Sq Ft:1,626 / 1,554DOM:30 / 16New:23Total:114
4 Beds
Avg:$2,895Median:$2,650Range:$2,048 – $8,000PSF:$1 / $1Sq Ft:2,373 / 2,224DOM:29 / 18New:12Total:41
5 Beds
Avg:$3,592Median:$3,500Range:$2,395 – $5,125PSF:$1 / $1Sq Ft:3,093 / 2,757DOM:64 / 50New:1Total:12
6 Beds
Avg:$9,975Median:$9,950Range:$9,950 – $10,000PSF:$2 / $2Sq Ft:5,534 / 5,407DOM:108 / 2New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,461 | $1,360 | $1,205 – $2,000 | $2 / $2 | 830 / 786 | 42 / 34 | 7 | 46 |
| 2 Beds | $1,794 | $1,650 | $1,295 – $3,500 | $2 / $1 | 1,185 / 1,155 | 49 / 40 | 14 | 95 |
| 3 Beds | $2,151 | $2,060 | $1,575 – $5,000 | $1 / $1 | 1,626 / 1,554 | 30 / 16 | 23 | 114 |
| 4 Beds | $2,895 | $2,650 | $2,048 – $8,000 | $1 / $1 | 2,373 / 2,224 | 29 / 18 | 12 | 41 |
| 5 Beds | $3,592 | $3,500 | $2,395 – $5,125 | $1 / $1 | 3,093 / 2,757 | 64 / 50 | 1 | 12 |
| 6 Beds | $9,975 | $9,950 | $9,950 – $10,000 | $2 / $2 | 5,534 / 5,407 | 108 / 2 | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$465,000Median DOM:76New:48Total:375
Jan 2026
Median Price:$450,000Median DOM:61New:107Total:378
Feb 2026
Median Price:$440,000Median DOM:48New:83Total:380
Mar 2026
Median Price:$439,900Median DOM:47New:97Total:397
Apr 2026
Median Price:$449,900Median DOM:49New:80Total:397
May 2026
Median Price:$455,000Median DOM:47New:40Total:394
6-Month Rental Trend
Dec 2025
Median Rent:$1,899Median DOM:41New:101Total:323
Jan 2026
Median Rent:$1,899Median DOM:28New:112Total:312
Feb 2026
Median Rent:$1,850Median DOM:27New:94Total:314
Mar 2026
Median Rent:$1,920Median DOM:24New:116Total:312
Apr 2026
Median Rent:$1,950Median DOM:23New:111Total:317
May 2026
Median Rent:$1,950Median DOM:24New:57Total:310
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, while total rental inventory tightened.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
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