Nevada Housing Market
Cool MarketHousing market data and trends for Nevada. Track median prices, inventory, days on market, and competition metrics for real estate investors.
Data period: March 2026
Median Sale Price
$469K
↑ 0.8% YoY
Days on Market
62 days
↑ 19.2% YoY
Active Inventory
12,861
↑ 1.6% YoY
Homes Sold
3,812
↑ 4.6% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Nevada Market Summary
The Nevada housing market is cooling down. As of March 2026, the median home sale price is $469K, up 0.8% year-over-year. Homes are spending a median of 62 days on the market, 19.2% longer than a year ago.
There are 12,861 homes for sale — 1.6% more than last year. With 3.4 months of supply, this is a seller's market. 5,040 new listings were added during this period, down 4.3% year-over-year.
Homes are selling for 98.1% of their list price on average, suggesting room for negotiation. 18.7% of homes sell above their asking price. 25.8% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
73
Contributing Factors
How This Market Compares
vs. National Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals.
Nevada Market Trends
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Detailed Market Metrics
Median List Price
$497K
Price per Sq Ft
$264
Sale-to-List Ratio
98.1%
Months of Supply
3.4
Sold Above List
18.7%
Price Drops
25.8%
New Listings
5,040
↓ 4.3% YoY
Pending Sales
4,474
Metro Areas in Nevada
Las Vegas, NV metro area
$450K median
62 days
on market
Reno, NV metro area
$566K median
58 days
on market
Gardnerville Ranchos, NV metro area
$657K median
65 days
on market
Fernley, NV metro area
$423K median
48 days
on market
Pahrump, NV metro area
$357K median
77 days
on market
Carson City, NV metro area
$487K median
73 days
on market
Elko, NV metro area
$439K median
66 days
on market
Fallon, NV metro area
$405K median
51 days
on market
Winnemucca, NV metro area
$442K median
89 days
on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.