Nevada Housing Market
Cold MarketHousing market data and trends for Nevada. Track median prices, inventory, days on market, and competition metrics for real estate investors.
Data period: January 2026
Median Sale Price
$451K
↓ 1.2% YoY
Days on Market
77 days
↑ 18.5% YoY
Active Inventory
12,216
↑ 5.6% YoY
Homes Sold
2,556
↓ 5.8% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Nevada Market Summary
The Nevada housing market is cooling down. As of January 2026, the median home sale price is $451K, down 1.2% year-over-year. Homes are spending a median of 77 days on the market, 18.5% longer than a year ago.
There are 12,216 homes for sale — 5.6% more than last year. With 4.8 months of supply, this is a balanced market. 3,977 new listings were added during this period, down 10.4% year-over-year.
Homes are selling for 97.7% of their list price on average, suggesting room for negotiation. 16.0% of homes sell above their asking price. 23.3% 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
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Sale-to-List Ratio
Listings with Price Drops
Detailed Market Metrics
Median List Price
$466K
Price per Sq Ft
$256
Sale-to-List Ratio
97.7%
Months of Supply
4.8
Sold Above List
16.0%
Price Drops
23.3%
New Listings
3,977
↓ 10.4% YoY
Pending Sales
3,646
Metro Areas in Nevada
Las Vegas, NV metro area
$435K median
78 days
on market
Reno, NV metro area
$529K median
69 days
on market
Gardnerville Ranchos, NV metro area
$590K median
96 days
on market
Fernley, NV metro area
$425K median
62 days
on market
Pahrump, NV metro area
$382K median
126 days
on market
Carson City, NV metro area
$515K median
56 days
on market
Elko, NV metro area
$403K median
81 days
on market
Fallon, NV metro area
$390K median
54 days
on market
Winnemucca, NV metro area
$385K median
67 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.