Las Vegas Housing Market

Las Vegas’ housing market showed no signs of easing in June. Buyers remained active as home sales rose faster than all but 2 of the top 40 U.S. markets. Prices still rose, but not enough to scare off buyers.

Las Vegas saw 2,789 home sales in June, up 12.5% from a year earlier. That was the third-fastest growth among major U.S. markets, behind only San Francisco and Miami. Sacramento came close, with a 12.3% gain.

Most home types saw more homebuying activity. Single-family sales rose 15% to 2,208. Condo sales climbed nearly 9% to 298. Townhomes were the exception, slipping modestly by 1% to 283.

Even so, homes took longer to sell. Days on market increased 7.5% from last June to 57, the biggest percentage increase among large U.S. markets. That suggests buyers had a bit more time to decide, even as sales activity picked up.

The number of homes for sale barely changed from a year ago. Among the 40 largest U.S. markets, Las Vegas was one of just two, along with San Diego, with little movement in supply. New listings totaled 4,158 in June, up 3.4% from a year ago, helping replenish some of the homes that buyers absorbed.

That said, the mix of listings shifted. Single-family inventory dipped 0.3% to 8,895 homes. Townhomes edged down 0.2% to 1,361. Condo listings rose 1.5% to 2,497.

The flat supply marks a big change from last year. In June 2025, inventory surged nearly 45% as compared to the prior year. This year’s steadiness helped maintain a balance between supply and demand.

Home prices continued to rise, but modestly. The median sale price hit $455,000, up 1.2% from a year earlier. That was slightly below the national increase of 1.5%. Las Vegas ranked 21st in the U.S. for price growth, in line with markets like Kansas City and Orlando.

Price trends varied by home. Single-family homes rose 1% to a median of $495,000. Meanwhile, townhome prices fell 4.2%, and condo prices dropped 5.1%.

For buyers, that split may open more options in the condo and townhome market. For sellers, especially of single-family homes, demand remains strong.

The median home sale price in Las Vegas increased by 1.2% compared to the same time last year, while the national median price rose by 1.5%.

Las Vegas median home prices rose by $5,550 year over year on a nominal basis in June to $455,000. Meanwhile, the national median home price increased by $6,000 to $401,000.

Las Vegas was the 17th highest-priced housing market among the top 40 largest markets last month. The Las Vegas median home price of $455,000 was 13.5% above the national median home price. Las Vegas' median home price in June is the highest observed price for any month in the market.

The median price of Las Vegas single-family homes rose by $5,000 over the past year to $495,000, while the median townhome price declined by 4.2%, and the median condo price fell by 5.1%.

The number of homes for sale in Las Vegas increased slightly in June compared to the same time last year, while national homes for sale rose by 4.2%.

Las Vegas homes for sale rose by 5 year over year in June to 12,753 homes for sale. Las Vegas ranked 25th, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in June.

Las Vegas homes for sale were above their pre-pandemic levels in the month of June. Las Vegas homes for sale were 12.4% above the June 2019 total of 11,344.

Las Vegas single-family homes for sale decreased by 0.3% to 8,895 in June. In comparison, townhomes for sale fell by 0.2% to 1,361, and condos for sale increased by 1.5% to 2,497.

The number of home sales in Las Vegas increased by 12.5% in June compared to the same time last year, while national home sales rose by 6.1%.

Las Vegas home sales increased by 309 year over year on a nominal basis in June to 2,789. For context, 2,480 sales closed in Las Vegas in June 2025.

Las Vegas ranked third for the annual change in home sales out of the top 40 U.S. markets in June on a percentage basis. This year's June increase of 12.5% compares to the 10.1% year over year decrease in June 2025.

Las Vegas single-family sales increased by 15.0% in June to 2,208. In comparison, townhome sales fell by 1.0% to 283, and condo sales rose by 8.8% to 298.

For questions and commentary about this report:Jared Koeck, Associate Director of Market Analytics at CoStar and Homes.com, based in New York, is available for interviews to provide expert insights on this data and the broader residential real estate market.

Jared Koeck

Associate Director of Market Analytics

Homes.com

jkoeck@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all home sales are accounted for, they provide an early indication of home sale price appreciation, inventory changes, and sales volume during June 2026.

For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.

Definition of Sale Prices

Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Inventory

Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Home Sales

The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

About the Homes.com Market Analytics Team

The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.

About Homes.com Analytics Data

The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.

The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.