Is Las Vegas, NV 89124 a buyer’s or seller’s market?
Las Vegas is a buyer’s market. With about 7.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Las Vegas housing market right now
In the three months ending August 31, 2026, 0% of homes in Las Vegas, NV 89124 sold above their list price, the typical home went under contract in 73 days and there were 7.4 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 13 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 13%, homes sold more slowly (53 days then) and the median sale price fell 22% to $574,751. Overall, Las Vegas is less competitive than a year ago, which gives buyers more room.
Within Clark County, homes here sell more slowly than in 84% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Logandale 89021 (33% sold over asking) and Moapa 89025 (33% sold over asking) are even more competitive.
Run the numbers for 89124
Nearby markets
Blue Diamond 89004 — /sq ftBoulder City 89005Balanced $289 /sq ftBunkerville 89007 — /sq ftCal Nev Ari 89039 — /sq ft Browse all markets →Where Las Vegas is
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Questions about Las Vegas real estate
Is Las Vegas a buyer’s or seller’s market?
A buyer’s market: there were 7.4 months of supply in Las Vegas, NV 89124 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 73 days in the latest three months.
Do homes in Las Vegas sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.9% 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 $574,751 in the three months ending August 31, 2026, about $421 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