Las Vegas - NV housing market
The Las Vegas metro has a typical home value of $423,983, down 2.7% from a year ago. Homes sell in 35 days on average, a balanced market. 30% of listings have had a price cut. Data from Zillow Research, updated monthly.
Las Vegas housing market, October 2026
The typical Las Vegas home is worth $423,983 as of August 2026, down 0.3% from the prior month, down 1.1% over three months, and down 2.7% from a year ago. Over the past two years values have ranged from $423,983 to $442,783.
Homes are going pending in about 35 days, slower than the 30 days seen three months earlier. There are roughly 13,241 homes for sale, 1% more than a year ago. 29.7% of listings have taken a price cut (up from 27.4% three months ago).
Typical rent is $1,742 a month, up 0.4% year over year, which puts the price-to-rent ratio at 20.3.
At this week's 7.40% mortgage rate with 20% down ($84,797), the typical Las Vegas home costs about $2,878 a month including tax and insurance, which needs a household income of roughly $123,400 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($423,983) is the Zillow Home Value Index for the Las Vegas - NV metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are down 2.7% over the past year. A home worth $435,748 last year is now worth roughly $423,983.
The median sale price, what homes actually close for, is $425,415. Homes are selling at 98.2% of list price, meaning buyers have room to negotiate.
Homes listed in Las Vegas - NV sit on the market for roughly 35 days before going pending. Shorter = seller's market; longer = buyer's market.
About 29.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 3,108 new listings hit the market each month in Las Vegas - NV. There are currently 13,241 homes for sale, up 1.3% from a year ago.
The typical monthly rent in Las Vegas - NV is $1,742, up 0.4% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 20.3x, renting territory (#46 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $2,348 a month in principal and interest, $606 more than renting before taxes, insurance and upkeep. The two break even at a 4.62% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
Protect what you own.
Sponsored links. See our affiliate disclosure.
Other metros in NV
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Reno - NV | $570,858 | +1.6% | 17.0d |