Las Vegas, NV metro area Housing Market Brief
metro · NV · as of July 2026
What is Las Vegas, NV metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Las Vegas, NV metro area in its market cycle?
Las Vegas, NV metro area is classified as Emerging — early in its cycle, with scores climbing from a low base. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Las Vegas, NV metro area?
Our model forecasts Las Vegas, NV metro area’s home prices to rise about 3.7% over the next 12 months (high confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Las Vegas, NV metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $451K | ▲ +0.4% |
| Median Days on Market | 55 days | ▲ +10% |
| Months of Supply | 4.3 | ▲ +4.5% |
| Homes for Sale | 10,322 | ▼ -8% |
| Homes Sold | 2,398 | ▼ -12.2% |
| Median Price / Sq Ft | $251 | ▼ -3.8% |
How has Las Vegas, NV metro area’s Alpha Score moved?
Markets like Las Vegas, NV metro area
- Jacksonville, FL metro area, FLmetro40
- Salt Lake City, UT metro area, UTmetro42
- Indianapolis, IN metro area, INmetro55
- Miami, FL metro areametro46
- Atlanta, GA metro area, GAmetro55
- Fort Worth, TX metro areametro44
- Phoenix, AZ metro area, AZmetro32
- Tacoma, WA metro areametro44
- San Diego, CA metro area, CAmetro31
- Seattle, WA metro areametro44
Frequently asked questions
Is Las Vegas, NV metro area a buyer's or seller's market?
As of July 2026, Las Vegas, NV metro area is classified as a Buyer's Market, based on its Alpha Score of 30 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Las Vegas, NV metro area?
The median sale price in Las Vegas, NV metro area is $451K, having held roughly steady over the past year.
How affordable is Las Vegas, NV metro area?
Las Vegas, NV metro area scores 14 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Las Vegas, NV metro area's Alpha Score?
Las Vegas, NV metro area's strongest dimension is Rental Yield (46/100) and its weakest is Economic Strength (10/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Las Vegas, NV metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.