Market Watch
Las Vegas Realtors' September 2026 report put the median single-family price at $470,000, down 1.1% from August and the same as a year earlier. That is $20,000, or about 4%, below the $490,000 record set in May and June.
Sales fell 7.4% for single-family homes and 12.6% for condos and townhomes compared with September 2025, and the number of homes listed without an offer keeps climbing. This is the page I keep current for where the Las Vegas market stands. I update it in place each month instead of publishing a new article every time LVR releases data.
The latest numbers
Las Vegas Realtors’ September 2026 report, released October 6. Sources at the end.
- Single-family median
- $470,000
- Condo and townhome median
- $290,000
- Homes, condos and townhomes sold
- 2,169
- Supply at the current pace
- ~5 months
September 2026, down 1.1% from August, same as Sept 2025 · LVR
September 2026, down 1.4% from Sept 2025 · LVR
September 2026. Single-family sales down 7.4%, condo/townhome down 12.6% vs Sept 2025 · LVR
7,995 single-family homes listed without offers, up 6.6% from a year ago · LVR
Last updated October 7, 2026. This page is updated in place each month as new LVR data lands; the figures above are the dated snapshot.
Watch
Prefer the quick version?
I walk through why the Las Vegas market has shifted toward buyers, and the catch: mortgage rates around 7%. Watch it here, then pick up with the numbers below.
Where the median has been since the peak
The single-family median is the midpoint of every existing home sold that month. It has stepped down three months running from the record:
| Month | Single-family median | Context |
|---|---|---|
| May-June 2026 | $490,000 | All-time high for the single-family median |
| July 2026 | $480,000 | Down 1.0% from July 2025 |
| August 2026 | $475,000 | Down 1.0% from August 2025 |
| September 2026 | $470,000 | Same as September 2025 |
Each step is small, and September matches September 2025 exactly. This is a market easing off a peak, not one in free fall. The month-by-month detail is in our July and August write-ups, and why prices haven’t fallen faster is its own explainer.
What the rest of the report says
- More to choose from. 7,995 single-family homes and 2,796 condos and townhomes were listed without an offer at the end of September, up 6.6% and 7.3% from a year earlier. LVR puts supply at about five months, up from roughly four a year ago.
- Homes are still moving. 75.9% of single-family homes sold within 60 days, up from 72.0% a year earlier. For condos and townhomes it was 70.5%, up from 67.0%. Fewer homes are selling, but the ones that sell are not sitting longer than they did last year.
- Cash is steady, distress is small. Cash was 23.5% of sales (23.0% a year ago). Short sales and foreclosures together were 1.1% of sales, up from 0.5% but still a very small slice.
- LVR points at rates. LVR President George Kypreos said: “Recently rising mortgage rates are playing a bigger role in the housing market.” See where rates stand on our mortgage-rates page.
What this actually means
If you are buying
You have more inventory and a median that is no longer climbing, which is real leverage on price, repairs and closing help. The offset is the rate: the same loan costs more per month than it did in late summer. Judge a home by the payment, not the median. The buyer’s-market guide covers what to negotiate, and down-payment assistance can change the loan itself. If you are weighing a builder, see how buying new construction works.
If you are selling
Pricing off the May-June peak is a risk. With about five months of supply and buyers who can see plenty of alternatives, price to today’s closed sales, not spring’s. Three out of four single-family homes still sold within 60 days in September, so well-priced homes are moving. Recent closed sales near you matter more than a valley-wide median.
If you own and are not selling
A median that is flat year over year and about 4% below its peak is not a reason to panic. It is a reason not to count on the spring numbers if you are planning a sale or a refinance.
If you are moving here
Valley-wide numbers hide big differences between areas. Start with Moving to Las Vegas: Where to Start, pick the part of the valley first, then price it. The $500K guide and starter-home prices show what budgets look like on the ground, and the new-home sales data covers the builder side.
How to read a valley-wide number
LVR’s figures cover the whole Las Vegas valley and existing homes only. A median is a midpoint: it can move because the mix of homes that sold changed, not just because prices did. It says little about Summerlin, Henderson, North Las Vegas or any single street. For a specific area, start with the Summerlin, Henderson, Southwest or North Las Vegas guides, then look at what is actually on the market. This page does not predict where prices go next.
Sources
- Las Vegas Realtors (LVR), September 2026 housing report, released October 6, 2026. LVR’s own site was unreachable when this was written, so the figures were checked against three outlets carrying the release: Nevada Business Magazine, Fox 5 Vegas and News 3 LV. Cash, 60-day and distressed-sale shares come from the first two.
- LVINIT’s earlier coverage of LVR’s July and August reports for the $480,000 and $475,000 medians. The “$20,000, about 4% below the record” figure is simple arithmetic on $490,000 and $470,000.
Market statistics change monthly and describe the past. This page is general market commentary, not financial, lending, tax or investment advice.
About this coverage
Mikey Del Rosario · Las Vegas Real Estate Advisor · The Scofield Group · Nevada License S.0175577. Equal Housing Opportunity.