Most real estate agents in Nevada get paid through commissions. Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. The average agent commission rate nationwide is 5.8% of the home sale price, according to HomeLight’s real estate transaction data of thousands of home sales each year. But how does that compare to the average real estate commission rate in Nevada?
In this post, we’ll help you determine how much commission you might pay on your Nevada home sale, and what options are available to earn the highest proceeds possible.
What’s the average real estate commission in Nevada?
Rick Ruiz, a top-selling real estate agent in Las Vegas, Nevada, who sells properties 47% quicker than the average Las Vegas agent, says you can expect to pay between 4%-6% in agent commissions when selling a home in Nevada, with some variation based on location within the state. On a property worth the current statewide median home sale price of $390,949, that amounts to $15,638–$23,457 in commission costs.
“Like anywhere else in the country, our median home price did go down in the last year,” says Ruiz. “Now that interest rates have stabilized in the sixes, and that’s the new normal, we’ve seen buyers reengage back into the market with a lot of enthusiasm. By definition, we are in a seller’s market. If a property is priced well, it’s getting multiple offers due to a lack of inventory.”
Using an overall statewide average of 5%, here’s a breakdown of how much you might pay in real estate commissions based on what a home sells for in six of the largest cities in Nevada:
|Nevada city||Median home price||Typical commission at 5%|
|North Las Vegas||$387,468||$19,373|
Median home prices calculated from multiple public sales data sources.
HomeLight gathers agent commission data from cities throughout the U.S. To see if we have commission rates for your city, try our Agent Commissions Calculator. You might also be interested in our Net Proceeds Calculator and Home Value Estimator.
Still curious about commission rates in Nevada? Here are the answers to common questions about real estate agent commissions:
Who pays real estate commission fees?
The commission is typically paid by the home seller, and the seller’s agent will then split the commission with the buyer’s agent.
“About 99% of the time, the seller pays all real estate commissions,” says Ruiz. “There’s usually an agreed-upon commission on the contract. From that agreed-upon commission structure, there will be a buyer/broker compensation that is now public.”
This means the listing agents include the buyer’s agent commission on the multiple listing service (MLS) description. That way, the commission structure is transparent before the buyer’s agent shows the house.