Las Vegas, NV metro area Housing Market
Cool MarketComprehensive housing market data for the Las Vegas, NV metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$450K
– 0.0% YoY
Days on Market
62 days
↑ 19.2% YoY
Active Inventory
10,139
↑ 4.2% YoY
Homes Sold
2,892
↑ 3.0% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Las Vegas, NV metro area Market Summary
The Las Vegas, NV metro area housing market is cooling down. As of March 2026, the median home sale price is $450K, down 0.0% year-over-year. Homes are spending a median of 62 days on the market, 19.2% longer than a year ago.
There are 10,139 homes for sale — 4.2% more than last year. With 3.5 months of supply, this is a seller's market. 3,796 new listings were added during this period, down 6.4% year-over-year.
Homes are selling for 98.0% of their list price on average, suggesting room for negotiation. 17.7% of homes sell above their asking price. 27.4% 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
vs. Nevada 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.
Las Vegas, NV metro area Market Trends
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Detailed Market Metrics
Median List Price
$469K
Price per Sq Ft
$253
Sale-to-List Ratio
98.0%
Months of Supply
3.5
Sold Above List
17.7%
Price Drops
27.4%
New Listings
3,796
↓ 6.4% YoY
Pending Sales
3,267
Off Market in 2 Weeks
29.4%
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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.