Las Vegas, NM metro area Housing Market Brief
metro · as of May 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.
Where is Las Vegas, NM metro area in its market cycle?
Las Vegas, NM metro area is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
Las Vegas, NM metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $145K | ▼ -55.4% |
| Median Days on Market | 20 days | ▼ -73.3% |
| Months of Supply | 7.5 | ▲ +66.7% |
| Homes for Sale | 75 | ▲ +10.3% |
| Homes Sold | 10 | ▼ -33.3% |
| Median Price / Sq Ft | $129 | ▼ -29.9% |
| Sale-to-List Ratio | 96.2% | ▲ +4.8% |
How has Las Vegas, NM metro area’s Alpha Score moved?
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Frequently asked questions
Is Las Vegas, NM metro area a buyer's or seller's market?
As of May 2026, Las Vegas, NM metro area is classified as a Balanced Market, based on its Alpha Score of 44 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Las Vegas, NM metro area?
The median sale price in Las Vegas, NM metro area is $145K, having fallen 55.4% over the past year.
How affordable is Las Vegas, NM metro area?
Las Vegas, NM metro area scores 30 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 (64/100) and its weakest is Affordability (30/100). The Alpha Score is a weighted blend of all five dimensions.
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.