Is Las Vegas, NV 89162 a buyer’s or seller’s market?
Las Vegas is a buyer’s market. With about 16 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 89162 sold above their list price, the typical home went under contract in 17 days and there were 16 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
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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 16 months of supply in Las Vegas, NV 89162 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 17 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 93.5% of the list price.
What is the median home price in Las Vegas?
The median sale price was $144,937 in the three months ending August 31, 2026, about $164 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