Las Vegas Real Estate Market Report

Las Vegas Housing Market: August 2026

The numbers that matter when you are buying a home in the Las Vegas valley, straight from the Las Vegas REALTORS® MLS.

The market at a glance

Single-family homes, August 2026

Resale single-family homes across the Las Vegas valley. Changes compare with the same month last year.

Median sale price

$475,000

▼ -1.0%

Homes for sale, no offers yet

7,590

▲ +5.3%

Months of supply

4.2

was 3.9 a year ago

Sold within 30 days

52.2%

was 54.1% a year ago

Homes sold this month

1,803

▼ -1.7%

New listings this month

3,238

▲ +1.4%

Buyer's market or seller's market?

Months of supply

How long today's homes for sale would last at the current pace of sales. As a rule of thumb, about 6 months is a balanced market. Less favors sellers; more favors buyers.

What it means: single-family homes still lean toward sellers, but buyers have more to choose from than a year ago (3.9 months then, 4.2 now). Condos and townhomes are at balance.

How fast homes sell

Time on market, single-family homes sold

0 to 30 days52.2%
31 to 60 days22.6%
61 to 90 days10.6%
91 to 120 days7.7%
121+ days6.9%

What it means: about half of homes sell within a month. Well-priced homes still move quickly, so have your pre-approval ready before you tour.

The long view

Median single-family price, 2016 to today

What it means: the median price roughly doubled between 2016 and 2025, then held near $470,000 to $490,000 since 2024. Prices are flat to slightly down from a year ago, not falling sharply.

December median of each year, plus the latest month.

Compare home types

Single-family vs. condo and townhome

Single-family

Median sale price
$475,000 ▼ -1.0%
Median list price, new listings
$519,000
For sale, no offers yet
7,590 ▲ +5.3%
Months of supply
4.2
Sold within 30 days
52.2%
Sold this month
1,803 ▼ -1.7%

Condo and townhome

Median sale price
$299,900 ▲ +0.6%
Median list price, new listings
$288,000
For sale, no offers yet
2,714 ▲ +6.0%
Months of supply
6.0
Sold within 30 days
45.7%
Sold this month
449 ▼ -7.4%

Affordability

What it costs to buy right now

30-year mortgage rate

7.03%

week of September 24, 2026

Payment on the median home

$2,536/mo

$475,000, 20% down, principal and interest only

Income gap

+$39,400

more income than the typical Las Vegas household earns is needed to afford the median existing home

The Federal Reserve raised its benchmark rate by a quarter point in September 2026, its first increase since the summer of 2023. Taxes, insurance and any HOA dues add to the monthly cost, and your own rate depends on your credit and loan type.

Estimate your own payment

New homes

New construction vs. resale

New homes, median

$530,500

9,800 closings, past 12 months

Resale single-family, median

$475,000

August 2026

Builders are negotiating. Nationwide in September 2026, 38% of builders cut prices (by 6% on average) and 66% offered sales incentives.

Why people keep moving here

Southern Nevada at a glance

Clark County population
2,465,431 ▲ +1.8%
New residents from California
39% of movers
Jobs in Southern Nevada
1.18 million ▲ +1.5%
Unemployment rate
5.5%
Median household income
$75,416 (2024)
State income tax
None in Nevada

Compare ZIP codes

Resale homes by ZIP code, June 2026

Type a ZIP code to find it, or tap a column heading to sort. Averages, so a few large sales can move a ZIP with few sales.

8900249$551,078$2562,15019992.525
89011143$595,897$2832,10520193.741
8901264$1,387,839$4942,81120043.444
8901445$426,884$2421,76519932.837
8901558$462,209$2661,73819963.332
8903018$310,800$2211,40619663.355
8903188$435,221$2211,96720062.233
8903244$418,398$2401,74620012.630
8904477$646,707$2712,38420132.949
8905281$1,144,525$4262,68420033.538
8907468$481,239$2541,89819962.831
8908160$432,291$2181,98320111.938
8908487$500,945$2192,29220162.434
890854$515,000$2292,25220103.513
8908619$441,763$2311,91220183.659
8910118$306,389$2241,36719532.451
8910221$364,790$2371,53919703.330
8910337$346,457$2471,40519834.643
8910420$378,145$2581,46819713.732
8910621$325,296$2351,38219922.449
8910727$645,704$3192,02719693.536
8910861$358,549$2481,44819832.832
891095$342,200$3031,13119727.217
8911043$350,860$2221,57819913.043
8911361$543,160$2622,07120064.357
8911523$348,561$2371,47119973.854
8911769$644,068$2832,27619933.547
8911822$438,491$2541,72619986.051
8911917$297,764$2331,28019798.138
8912021$369,701$2241,64819866.328
8912155$389,345$2121,83419813.940
8912248$355,727$2161,64720033.344
8912359$475,620$2561,85819983.236
8912851$448,116$2521,77619933.645
8912964$529,014$2552,07420003.542
8913050$483,348$2421,99819972.334
8913157$616,753$2482,48820053.151
8913475$670,401$3431,95319953.143
8913576$1,565,035$5412,89120083.741
8913885$998,923$3942,53420183.546
8913955$507,715$2362,15020123.136
8914163$614,153$2422,54220133.642
8914228$334,796$2261,48119922.445
8914329$639,177$2832,26220172.655
8914429$731,906$3582,04320004.143
8914535$470,093$2801,67819882.937
8914623$585,739$2642,22219792.969
8914755$451,598$2431,85819953.343
8914859$600,705$2882,08320124.550
8914959$632,921$2742,31420063.948
8915628$356,559$2251,58219982.546
8916668$532,579$2452,17320193.845
8916911$312,500$2171,43719768.146
8917874$501,147$2412,08320142.050
8917919$453,526$2321,95120112.224
8918342$516,623$2542,03520063.545

Questions about the numbers?

Markets differ block by block. Ask for a free, no-pressure review of the neighborhoods and price range you are considering.

Talk to Tatiana about the market Search homes for sale

Sources: Las Vegas REALTORS® (LVR) MLS, Monthly Housing Market Update, August 2026, and Annual Housing Summary 2025; LVR Southern Nevada Economic Stats and Facts, Summer 2026 (ZIP code data, June 2026); LVR State of the Economy 2026 by Applied Analysis, citing Freddie Mac, the Federal Reserve Bank of Atlanta, the National Association of Home Builders, SalesTraq, the Nevada DMV and the Federal Reserve Bank of St. Louis. Resale figures cover homes sold through the MLS and exclude most new builder homes and sales by owner. Information is deemed reliable but not guaranteed. Updated September 29, 2026.

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