Is Las Vegas, NV 89108 a buyer’s or seller’s market?
Las Vegas is a seller’s market. With about 3.8 months of supply and 27% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 50% of U.S. ZIP codes, and #21 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 Las Vegas housing market right now
In the three months ending August 31, 2026, 27% of homes in Las Vegas, NV 89108 sold above their list price, the typical home went under contract in 43 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 181 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (26% then), homes sold faster (46 days then) and the median sale price held steady to $364,842. Overall, Las Vegas is about as competitive as it was a year ago.
Within Clark County, homes here sell faster than in 90% of the county’s ZIP codes, and sell more often over asking than in 90%. On our competition score, Las Vegas ranks #21 of 100 NV ZIP codes with enough sales (score 49 out of 100).
Nearby, buyers who want less competition could look at Las Vegas 89161 (0% sold over asking) or Las Vegas 89124 (0% sold over asking), while Logandale 89021 (33% sold over asking) and Moapa 89025 (33% sold over asking) are even more competitive.
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Nearby markets
Blue Diamond 89004 — /sq ftBoulder City 89005Balanced $289 /sq ftBunkerville 89007 — /sq ftCal Nev Ari 89039 — /sq ft Browse all markets →Towns like Las Vegas nearby
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Questions about Las Vegas real estate
Is Las Vegas a buyer’s or seller’s market?
A seller’s market: there were 3.8 months of supply in Las Vegas, NV 89108 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 Las Vegas?
The typical home went under contract in 43 days in the latest three months.
Do homes in Las Vegas sell over asking?
27% of homes sold above their original list price, and the typical sale closed at 98.5% of the list price.
What are property taxes in Las Vegas?
About 0.48% of a home’s value a year in Clark County, or roughly $1,920 on a $400,000 home.
What is the median home price in Las Vegas?
The median sale price was $364,842 in the three months ending August 31, 2026, about $243 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