Las Vegas Housing Market Just Flipped! March 2026

Las Vegas Housing Market Just Flipped! March 2026

Welcome to the March 2026 issue of our monthly market update for Southern Nevada. In this issue we will be going over February 2026 numbers.

The median price for single-family homes jumped from $470,000 in January to $481,995 in February 💰, nearly a $12,000 increase in just one month 😲. We also saw more homes sold in February, while new listings declined and inventory without offers is shrinking 📉.

So, what does this mean for the market? 🤔
Are we entering a traditional Spring selling season 🌷🏡?
Will home prices continue to rise this Spring 📈?

We’ll also talk about why right now is still a great time to buy 🙌. Inventory remains strong, homes are sitting on the market longer than normal, and many sellers are experiencing seller fatigue; which means buyers may be able to negotiate lower prices, closing cost credits, and better terms 💵🤝.

Plus, we’ll cover the latest builder incentives for March 2026 and reveal who won last month’s bet between Rob & Ang 🏆😂.

If you’re thinking about buying or selling in the Las Vegas Valley, this is information you won’t want to miss.

MARKET TRENDS

There were 1,614 single-family houses that sold in February which is up 11.7% from the previous month, but down 9.4% from prior year.

February 2026 – 1,614 Closings

February 2025 – 1,781 Closings

February 2024 – 1,876 Closings

February 2023 – 1,722 Closings

February 2022 – 2,514 Closings

February 2021 – 2,767 Closings

The median sales price of previously owned single-family homes, went from $470,000 to $481,995, a $11,995 increase in median price, which is up 2.6% from the previous month, but down .6% from the prior year. 

February 2026, the median price of previously owned single-family homes was at $481,995.

February 2025, the median price of previously owned single-family homes was at $485,000.

February 2024, the median price of previously owned single-family homes was at $460,000.

February 2023, the median price of previously owned single-family homes was at $424,995.

February 2022, the median price of previously owned single-family homes was at $450,000.

February 2021, the median price of previously owned single-family homes was at $355,000.

CONDOS

The median sales price of condos and townhomes for February increased to $285,000, which is up .4% from the previous month, but down 5.9% from the prior year.

February 2026, the median price of condos and townhomes was at $285,000.

February 2025, the median price of condos and townhomes was at $303,000.

February 2024, the median price of condos and townhomes was at $283,000.
February 2023, the median price of condos and townhomes was at $255,000.
February 2022, the median price of condos and townhomes was at $260,000.

February 2021, the median price of condos and townhomes was at $197,500.

LUXURY MARKET

There were 154 luxury homes that sold in February for $1 million and over, compared to January’s 134 homes, 20 home increase.

The median sales price in the Luxury Market for February decreased to $1,385,000 and in January that number was $1,425,000. A $40,000 decrease in the median sales price.

MARKET TRENDS

So, for February we had a total of 2,925 new listings, which is down 7.1% from the prior month, but up 4.5% from the prior year.

February 2026 – 2,925 new listings

February 2025 – 2,799 new listings

February 2024 – 2,533 new listings

February 2023 – 2,243 new listings

February 2022 – 2,950 new listings

February 2021 – 3,017 new listings

There were also a total number of 6,131 single-family houses listed without offers in February which is down 1% from the previous month, but up 17.2% from the prior year.

February 2026 – 6,131 listed without offers

February 2025 – 5,229 listed without offers

February 2024 – 3,471 listed without offers

February 2023 – 4,665 listed without offers

February 2022 – 1,741 listed without offers

February 2021 – 1,677 listed without offers

MARKET TRENDS

Which brings us to the housing supply in Southern Nevada, last month we are at 3.8 months of inventory on the market, the previous month was 4.3, which is down 11.3% from previous month and up 29.4% from the prior year.

February 2026 – 3.8 months of supply

February 2025 – 2.9 months of supply

February 2024 – 1.8 months of supply

February 2023 – 2.7 months of supply

February 2022 – .7 months of supply

February 2021 – .6 months of supply

47.6% of the closings for the month February was on the market 30 days or less, in January this number was at 41.8% and in February 2026, 53.2% of the homes were on the market 30 days or less.

FORECLOSURES – March 2026

REO – 59 and last month it was 58 = 1 difference

Short Sale – 88, last month was 82 = 6 difference

Foreclosure Commenced – 52, last month was 41 = 11 difference

Total amount of distressed properties including foreclosure being commenced – 199, last month was 181 = 18 increase from the prior month

NEW BUILDER INCENTIVES – March 2026

Century Communities

Century Communities is having their YES! LIVES HERE. SALES Event. Take advantage of a 30-Year 5/1 Arm Loan for FHA & VA loans on select Century Communities when you use their affiliated lender, Inspire Home Loans. Get 3.75% interest rate from years 1-5, and then an adjustable rate for years 6-30. Plus, get up to $3,000 towards closing costs. Must go under contract from now until 3/17/2026 and close on or before 3/31/26.

Lennar Homes

Lennar Homes is having their limited time deals.

1. Promotional FHA 5/1 Arm Rate at 3.75% interest rate for the first 5 years, and then an adjustable rate after year 6. Plus get up to $9,000 towards closing costs.

2. Promotional Conventional 7/6 Arm Rate with 2 to 1 buydown. Get 1.99% interest rate the first year, 2.99% interest rate the second year, get 3.99% interest rate from years 3-6, and then interest rate adjusts after year 6. Plus get up to $6,000 towards closing costs.

3. Conventional 30-Year Fixed 4.99% interest rate or FHA/VA 30 Year-Fixed 4.75% interest rate, with $6,000 towards closing costs.

Offers available when you sign a purchase agreement on a select move-in ready home in the greater Las Vegas area between now and 03/8/25 and close by 4/24/25. Offers require financing through Lennar Mortgage, LLC.

Richmond American Homes

Richmond American is having their START SMART Event on their Move-In ready Home, where you can pick your savings in the Las Vegas Area and finance through Home American Mortgage Corp.

1. 2 to 1 Buy Down offer on special 30-year fixed Conventional Financing. Get 2.99% interest rate for the first year, 3.99% interest rate for year 2, and 4.99% interest rate for years 3-30.
2. FHA 5/1 Adjustable Arm Rate Mortgage – Get 3.75% interest rate for 5 years with a max of 8.75% interest rate at year 6.
3. Conventional 7/6 Adjustable Arm Rate Mortgage – Get 3.99% interest rate for 7 years with a max of 8.75% interest rate at year 8.

Must go under contract from now until 3/15/25 and close on or before 5/29/25.

Taylor Morrison

Taylor Morrison is having their YOUR HOME, YOUR WAY EVENT on select move-in ready homes. In order to take advantage of these savings you will need to use their affiliated lender, Taylor Morrison Home Funding.

1. Conventional 30-Year Fixed Rate – Get 4.99% fixed interest rate on new home contracts entered from now until 3/29/26 and close on or before 4/3/26.
2. FHA 30-Year Fixed Rate – Get 4.25% fixed interest rate on new home contracts entered from now until 3/19/26 and close on or before 4/10/26.

Toll Brothers

For a limited time on select quick move-in homes, Toll Brothers Mortgage Company is offering exclusive 2/1 Buydown Program on a 30-year fixed mortgage. This 2/1 Buydown program is only available on homes that close by 4/30/26, so take advantage of this great rate now.

For the 1st year get 3.375% interest rate, 2nd year get 4.375% interest rate and from years 3-30 get 5.375% interest rate.

ROB & ANG BETS – March 2026

MEDIAN SALES PRICE

Rob said $3,800 decrease

Ang said $1,000 increase*

Damian said $1,000 decrease

Actual # $481,995

ANG won this!

WITHOUT OFFERS

Rob said 6,350

Ang said 6,300

Damian said $6,200

Actual # $6,131

DAMIAN won this one!

MONTHS OF SUPPLY

Rob said 4.2 months

Ang said 3.8 months

Damian said 3.6 months

Actual # 3.8 months

ANG won this one!

If you’re considering buying or selling a home in the Las Vegas Valley, please don’t hesitate to reach out to me. I’ll get back to you personally and promptly. Thanks for visiting!

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Angela O’Hare
Favorite Las Vegas Realtor
REAL Broker LLC at Urban Nest
Lic. #180246
702-370-5112
[email protected]
www.neighborhoodsinlasvegas.com