Las Vegas - NV housing market
The Las Vegas metro has a typical home value of $430,650, down 2.7% from a year ago. Homes sell in 30 days on average - a balanced market. 27% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($430,650) 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 $442,600 last year is now worth roughly $430,650.
The median sale price , what homes actually close for , is $427,236. Homes are selling at 98.0% of list price, meaning buyers have room to negotiate.
Homes listed in Las Vegas - NV sit on the market for roughly 30 days before going pending. Shorter = seller's market; longer = buyer's market.
About 27.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 3,330 new listings hit the market each month in Las Vegas - NV. There are currently 12,738 homes for sale, up 5.2% from a year ago.
The typical monthly rent in Las Vegas - NV is $1,737, down 0.2% year over year. For investors, the price-to-rent ratio here is roughly 21x annual rent.
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.
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Other metros in NV
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Reno - NV | $570,546 | +0.0% | 12.0d |