Market Intelligence Report — NV-820

Las Vegas-Henderson-North Las Vegas, NV

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-NV-09
As of the latest 2026 data
Very Weak

Median Listing

$465K
-2.1% YoY

Pending Ratio

0.23
-2.6% YoY

Active Inventory

11,047
+6.3% YoY

Median DOM

58 Days
+1.8% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's very weak Las Vegas-Henderson-North Las Vegas market?

Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Las Vegas-Henderson-North Las Vegas, NV.

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The Las Vegas-Henderson-North Las Vegas market is currently experiencing very weak conditions, primarily driven by a pending ratio of 0.23. This indicates a significant imbalance between demand and available inventory, with active listings totaling 11,047.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.8%-0.9 pp YoY

Unemployment rate · Sep 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

2.41M+0.9% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

747-16.4% YoY

Building permits (private housing units) · Sep 2026

Shows whether future inventory pressure may increase.

U.S. Census Bureau building permits via FRED (St. Louis Fed).

Market Analysis

What's moving the Las Vegas-Henderson-North Las Vegas market right now.

Supply continues to expand, with active listings up 6.3% year-over-year. Concurrently, new listings have remained relatively flat, showing a slight year-over-year contraction of 0.3%. Median listing prices have continued to decline, decreasing 0.9% month-over-month and 2.1% year-over-year, alongside a 2.8% year-over-year drop in median price per square foot.

Historical Analysis

Market Trends

Median Price

$465K-0.9% MoM

Active Inventory

11,047+6.3% YoY

Days on Market

58+1.8% YoY

Sold Score™

32-2.6% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

32
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

Negotiating leverage remains firmly with demand, as evidenced by the low absorption rate. The pace of transactions is slow, with a median days on market at 58, allowing for extended consideration. Inventory pressure is minimal on potential buyers, given the substantial number of available listings and the high percentage of price reductions, which stands at 25.1%.

Luxury Segment

The average listing price of $724,194 significantly exceeds the median of $464,900, suggesting a larger proportion of higher-priced properties in the active inventory. However, both average listing price and median price per square foot show year-over-year declines of 2.5% and 2.8% respectively, indicating softness across price segments, including the higher tiers.

Supply Dynamics

11,047 active listings represent the current floor, with new supply arriving at roughly 3,130 per month.

Pricing Pressure
25.1%

of active listings carry a price reduction, +1.8% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -2.8% year-over-year.

Absorption
0.23

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Las Vegas-Henderson-North Las Vegas, NV? Buyer Demand Index is running at 23%.

Buyers have leverage in Las Vegas-Henderson-North Las Vegas, NV. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
23%
Median Days on Market
58 days
Inventory YoY
+6%

In a buyer's market, strategy beats timing. See how your home scores in Las Vegas-Henderson-North Las Vegas, NV and what moves the number.

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Metro Demographics

Metro Area
Las Vegas-Henderson-North Las Vegas, NV
CBSA Code
29820
State
NV

ZIPs in Las Vegas-Henderson-North Las Vegas, NV

Sorted by active inventory · click a ZIP for its full report