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Is Las Vegas, NV 89161 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Las Vegas is a seller’s market. With about 3.2 months of supply and 0% 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.

Months of supply3.2Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list83.5%Sold price ÷ list price
Median days on market—Listing to accepted offer
Median price per sq ft$698

The Las Vegas housing market right now

In the three months ending August 31, 2026, 0% of homes in Las Vegas, NV 89161 sold above their list price and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.

Within Clark County, homes here 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 89161

Prefilled for 89161Can I win this house?Multiple-offer likelihood for a listing Prefilled for 89161Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

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 seller’s market: there were 3.2 months of supply in Las Vegas, NV 89161 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

Do homes in Las Vegas sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 83.5% 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 $1,649,286 in the three months ending August 31, 2026, about $698 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