Is Las Vegas, NV 89137 a buyer’s or seller’s market?
Las Vegas is a buyer’s market. With about 8.5 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 89137 sold above their list price, the typical home went under contract in 69 days and there were 8.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (72 days then) and the median sale price rose 4% to $344,851. Overall, Las Vegas is about as competitive as it was a year ago.
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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 8.5 months of supply in Las Vegas, NV 89137 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 69 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 97.3% of the list price.
What is the median home price in Las Vegas?
The median sale price was $344,851 in the three months ending August 31, 2026, about $275 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