Is Las Vegas, NV 89118 a buyer’s or seller’s market?

The Las Vegas housing market right now

In the three months ending August 31, 2026, 18% of homes in Las Vegas, NV 89118 sold above their list price, the typical home went under contract in 62 days and there were 6.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 65 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 11%, homes sold faster (73 days then) and the median sale price fell 3% to $334,855. Overall, Las Vegas is more competitive than a year ago, so tougher for buyers.

Within Clark County, homes here sell more slowly than in 66% of the county’s ZIP codes, and sell more often over asking than in 72%. On our competition score, Las Vegas ranks #66 of 100 NV ZIP codes with enough sales (score 29 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.