Is Pahrump, NV 89048 a buyer’s or seller’s market?
Pahrump is a balanced market. With about 5.7 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 23% of U.S. ZIP codes, and #67 of 100 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Pahrump housing market right now
In the three months ending August 31, 2026, 15% of homes in Pahrump, NV 89048 sold above their list price, the typical home went under contract in 68 days and there were 5.7 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 109 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (14% then), homes sold faster (78 days then) and the median sale price fell 13% to $362,343. Overall, Pahrump is more competitive than a year ago, so tougher for buyers.
Within Nye County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Pahrump ranks #67 of 100 NV ZIP codes with enough sales (score 27 out of 100).
Nearby, buyers who want less competition could look at Tonopah 89049 (0% sold over asking) or Manhattan 89022 (0% sold over asking).
Run the numbers for 89048
Nearby markets
Amargosa Valley 89020 — /sq ftBeatty 89003Seller’s market $127 /sq ftManhattan 89022Seller’s market $135 /sq ftPahrump 89060Balanced $208 /sq ft Browse all markets →Towns like Pahrump nearby
Find towns like Pahrump in other states →Where Pahrump is
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Questions about Pahrump real estate
Is Pahrump a buyer’s or seller’s market?
A balanced market: there were 5.7 months of supply in Pahrump, NV 89048 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Pahrump?
The typical home went under contract in 68 days in the latest three months.
Do homes in Pahrump sell over asking?
15% of homes sold above their original list price, and the typical sale closed at 98.2% of the list price.
What are property taxes in Pahrump?
About 0.45% of a home’s value a year in Nye County, or roughly $1,800 on a $400,000 home.
What is the median home price in Pahrump?
The median sale price was $362,343 in the three months ending August 31, 2026, about $202 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology