Las Vegas, NM metro area Housing Market Brief
metro · NM · score computed October 2026
What is Las Vegas, NM 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.
Population band 1 of 5 (population 12,616–37,875) · comparable within its band
Where is Las Vegas, NM metro area in its market cycle?
Las Vegas, NM metro area is classified as Recovering — turning back up after a downturn. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Las Vegas, NM metro area?
Metro-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
Las Vegas, NM metro area housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $369K | ▼ -13% | Redfin |
| Median Days on Market | 95 days | ▲ +43.9% | Redfin |
| Months of Supply | 5.5 | ▼ -25.7% | Redfin |
| Homes for Sale | 90 | ▲ +21.6% | Redfin |
| Homes Sold | 16 | ▲ +60% | Redfin |
| Median Price / Sq Ft | $186 | ▼ -0.2% | Redfin |
How has Las Vegas, NM metro area’s Alpha Score moved?
Markets like Las Vegas, NM metro area
- Newport, TN metro area, TNmetro33
- Murray, KY metro area, KYmetro34
- Scottsboro, AL metro area, ALmetro42
- Pahrump, NV metro area, NVmetro22
- Sterling, CO metro area, COmetro25
- Silver City, NM metro area, NMmetro28
- Lawrenceburg, TN metro area, TNmetro31
- Magnolia, AR metro area, ARmetro39
- Winona, MN metro area, MNmetro35
- McAlester, OK metro area, OKmetro40
Frequently asked questions
Is Las Vegas, NM metro area a buyer's or seller's market?
In the scores computed October 2026, Las Vegas, NM metro area is classified as a Deep Buyer's Market, based on its Alpha Score of 23 out of 100. It is based on the 4 of five dimensions we can measure for this market — building, affordability, economic, and rental-yield — whose weights are scaled up to cover the whole score. The rest are not measured here and are left out rather than filled in with a placeholder.
Are home prices rising or falling in Las Vegas, NM metro area?
The median sale price in Las Vegas, NM metro area is $369K, having fallen 13% over the past year, according to Redfin.
How affordable is Las Vegas, NM metro area?
Las Vegas, NM metro area scores 38 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Las Vegas, NM metro area's Alpha Score?
Las Vegas, NM metro area's strongest dimension is Rental Yield (52/100) and its weakest is Inventory Health (0/100). The Alpha Score is a weighted blend of five dimensions; 4 of them have data for this market.
Want the live, interactive view of Las Vegas, NM metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.