Las Vegas - NV housing market
The Las Vegas metro has a typical home value of $422,654, down 2.6% from a year ago. Homes sell in 38 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 $422,654 as of September 2026, down 0.2% from the prior month, down 0.8% over three months, and down 2.6% from a year ago. Over the past two years values have ranged from $422,654 to $442,255.
Homes are going pending in about 38 days, slower than the 31 days seen three months earlier. There are roughly 13,430 homes for sale, 3% more than a year ago. 30.3% of listings have taken a price cut (up from 28.3% three months ago).
Typical rent is $1,732 a month, up 0.8% year over year, which puts the price-to-rent ratio at 20.3.
At this week's 7.40% mortgage rate with 20% down ($84,531), the typical Las Vegas home costs about $2,869 a month including tax and insurance, which needs a household income of roughly $123,000 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 ($422,654) 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 2.6% over the past year. A home worth $433,936 last year is now worth roughly $422,654.
The median sale price, what homes actually close for, is $425,230. Homes are selling at 98.1% of list price, meaning buyers have room to negotiate.
Homes listed in Las Vegas - NV sit on the market for roughly 38 days before going pending. Shorter = seller's market; longer = buyer's market.
About 30.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 3,040 new listings hit the market each month in Las Vegas - NV. There are currently 13,430 homes for sale, up 2.5% from a year ago.
The typical monthly rent in Las Vegas - NV is $1,732, up 0.8% 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 $2,341 a month in principal and interest, $609 more than renting before taxes, insurance and upkeep. The two break even at a 4.59% 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 →
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Other metros in NV
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Reno - NV | $569,662 | +2.1% | 21.0d |