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Featured local agent — Las Vegas, NV
Sarah Mitchell
Compass Real Estate · Las Vegas, NV
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Las Vegas, NV Housing Market & Real Estate
Housing market overview · Updated monthly ·
$470,000median sale price
How is the Las Vegas, NV housing market right now?
The median home sale price in Las Vegas, NV is $470,000, up 5.6% year-over-year. Homes sell in an average of 50 days with 2,984 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Las Vegas a buyer's or seller's market?
Las Vegas, NV is currently a balanced market, based on 3.8 months of supply and homes selling in about 50 days. How we determine this →
Homes sold
786
Last 12 weeks
Days on market
50
Average pace
Active listings
2,984
3.8 months supply
Sale-to-list
98.3%
Below asking
What does the Las Vegas housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $470,000 |
| Median list price | $460,000 |
| Year-over-year price change | +5.6% |
| Average days on market | 50 days |
| Active inventory | 2,984 listings |
| Months of supply | 3.8 months |
| Sale-to-list price ratio | 98.3% |
| Median price per sq ft | $261/sq ft |
| Homes sold (latest month) | 786 |
| New listings (latest month) | 1,071 |
| Listings with a price cut | 31.4% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Las Vegas by property type?
How the Las Vegas, NV market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $510,000 | $266/sq ft | 641 | 48 days |
| Condo / Co-op | $235,000 | $217/sq ft | 65 | 60 days |
| Townhouse | $340,000 | $255/sq ft | 75 | 58 days |
Source: Redfin · Updated monthly
The Las Vegas housing market is currently classified as a balanced market with a median sale price of $470,000. Prices have risen 5.6% compared to last year, with homes spending an average of 50 days on market, indicating 3.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.0x provides context for how home values compare to local earning capacity.
Homes for sale in Las Vegas
There are currently 2,984 homes listed for sale in Las Vegas, Nevada. The median listing price is $460K.
Active listings
2,984
Homes on market
Median list price
$460K
Avg. days on market
50
Days until sale
New this week
1,071
Newly listed
Who lives in Las Vegas?
Population
650,873
Median income
$70,723/yr
Median age
38.5 years
Owner-occupied
55.7%
College grads
27.3%
Avg commute
25.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Las Vegas?
Zillow home value
$425,535
Zillow rent index
$1,722/mo
Price-to-rent ratio
20.6x
Price-to-income
6.0x
Source: Zillow Research
What is it like to live in Las Vegas?
Las Vegas is a community of approximately 651K residents with a median age of 38.5 years.The median household income is $70,723, which represents a working-class community with solid middle-income opportunities. 27.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 55.7%, showing a blend of owner and renter-occupied properties. The average commute time is 25.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Las Vegas offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Las Vegas?
50 schools tracked · 107,846 students
The largest public schools serving Las Vegas, NV by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Adult Education Programs
Grade range n/a · 4,829 students
NV Learning Academy J-SHS
Grades 6-12 · 3,204 students
Desert Oasis HS
Grades 9-12 · 3,183 students
Arbor View HS
Grades 9-12 · 3,177 students
Sierra Vista HS
Grades 9-12 · 3,149 students
Palo Verde HS
Grades 9-12 · 3,141 students
Shadow Ridge HS
Grades 9-12 · 3,119 students
Desert Pines HS
Grades 9-12 · 3,040 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Las Vegas, NV?
Want a head-to-head view? Compare Las Vegas side-by-side with any other U.S. city using our market-comparison tool.
Is Las Vegas a good real estate investment market?
For investors evaluating Las Vegas, the price-to-rent ratio of 20.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 5.6% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Las Vegas's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Las Vegas's median home price.
Frequently asked questions
What is the average home price in Las Vegas?
The median home sale price in Las Vegas is $470,000, up 5.6% from last year.
How long do homes stay on market in Las Vegas?
Homes typically spend 50 days on market before going under contract.
What is the median income in Las Vegas?
The median household income is $70,723 per year.
Is Las Vegas a buyer's or seller's market?
With 3.8 months of supply, Las Vegas is currently a balanced market.
What is the Zillow home value estimate for Las Vegas?
The Zillow Home Value Index (ZHVI) for Las Vegas is $425,535, representing the typical home value in the area.
What is the median condo price in Las Vegas?
The median condo/co-op sale price in Las Vegas, NV is $235,000, compared to $510,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Las Vegas?
The median single-family home price in Las Vegas, NV is $510,000 (about $266 per square foot).
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