Las Vegas Housing Market Update – April 2026

Las Vegas Housing Market Update – April 2026

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

The numbers are in—and they might surprise you 😳 The median price dipped slightly from $481,995 in February to $480,000 in March 📉 but here’s the twist… home sales jumped a massive 42% month-over-month 🚀

Spring selling season is officially here 🌸 with new listings on the rise and more inventory hitting the market—but also more homes sitting without offers. What does it all mean for YOU? 🤔

👉 Are we entering a traditional spring market?
👉 Is now the perfect time to buy?

Spoiler alert: buyers still have opportunities 💰 With more inventory and longer days on market, sellers are feeling the pressure—meaning better prices, seller concessions, and closing cost help are all on the table 🙌

We’ll also cover the latest builder incentives for April 2026 🏗️ and—of course—find out who won last month’s bets between Rob & Ang 😂🏆

Don’t miss this one if you’re thinking about buying or selling in Las Vegas!

📲 Have questions or ready to make a move? Reach out anytime—we’re here to help!

MARKET TRENDS

There were 2,288 single-family houses that sold in March which is up 41.8% from the previous month and up 6.8% from prior year.

March 2026 – 2,288 Closings

March 2025 – 2,142 Closings

March 2024 – 2,082 Closings

March 2023 – 2,361 Closings

March 2022 – 3,272 Closings

March 2021 – 3,726 Closings

The median sales price of previously owned single-family homes, went from $481,995 to $480,000, a $1,995 decrease in median price, which is down .4% from the previous month and down 1% from the prior year. 

March 2026, the median price of previously owned single-family homes was at $480,000.

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

March 2024, the median price of previously owned single-family homes was at $465,000.

March 2023, the median price of previously owned single-family homes was at $425,000.

March 2022, the median price of previously owned single-family homes was at $460,000.

March 2021, the median price of previously owned single-family homes was at $363,000.

CONDOS

The median sales price of condos and townhomes for March went from $285,000 to $295,000, a $10,000 increase in median price, which is up 3.5% from the previous month, but down 3.8% from the prior year.

March 2026, the median price of condos and townhomes was at $295,000.

March 2025, the median price of condos and townhomes was at $306,495.

March 2024, the median price of condos and townhomes was at $282,500.
March 2023, the median price of condos and townhomes was at $260,000.
March 2022, the median price of condos and townhomes was at $270,000.

March 2021, the median price of condos and townhomes was at $194,000.

SIDE NOTE

The all-time high median home sale price for single family homes in Southern Nevada was broken multiple times last year, and currently sits at $488,995 which was last set in November 2025, while the condo and townhome market has dropped substantially from an all-time high that was set in October of 2024 ($315,000) to $275,000 to end 2025.

LUXURY MARKET

There were 193 luxury homes that sold in March for $1 million and over, compared to February’s 154 homes, 39 home increase.

The median sales price in the Luxury Market for March increased to $1,400,000 and in February that number was $1,385,000. A $15,000 increase in the median sales price.

MARKET TRENDS

So, for March we had a total of 3,367 new listings, which is up 15.1% from the prior month and up .8% from the prior year.

March 2026 – 3,367 new listings

March 2025 – 3,340 new listings

March 2024 – 2,724 new listings

March 2023 – 2,565 new listings

March 2022 – 3,526 new listings

March 2021 – 3,566 new listings

There were also a total number of 6,456 single-family houses listed without offers in March which is up 5.3% from the previous month and up 19.2% from the prior year.

March 2026 – 6,456 listed without offers

March 2025 – 5,416 listed without offers

March 2024 – 3,323 listed without offers

March 2023 – 4,196 listed without offers

March 2022 – 2,005 listed without offers

March 2021 – 1,772 listed without offers

MARKET TRENDS

Which brings us to the housing supply in Southern Nevada, last month we are at 2.8 months of inventory on the market, the previous month was 3.8, which is down 25.7% from previous month, but up 11.6% from the prior year.

March 2026 – 2.8 months of supply

March 2025 – 2.5 months of supply

March 2024 – 1.6 months of supply

March 2023 – 1.8 months of supply

March 2022 – .6 months of supply

March 2021 – .5 months of supply

54.5% of the closings for the month March was on the market 30 days or less, in February this number was at 47.6% and in March 2025, 56.9% of the homes were on the market 30 days or less.

FORECLOSURES

REO – 57 and last month it was 58 = 1 decrease

Short Sale – 86, last month was 88 = 2 decrease

Foreclosure Commenced – 47, last month was 52 = 5 decrease

Total amount of distressed properties including foreclosure being commenced – 190, last month was 199 = 9 decrease from the prior month

NEW BUILDER INCENTIVES – April 2026

Century Communities

Century Communities is having their FIND YOUR YES SALES Event. Get a 3.875% interest rate on a 30-Year Fixed Loan for FHA & VA loans on select Century Communities when you use their affiliated lender, Inspire Home Loans. Must go under contract from now until 4/16/2026 and close on or before 4/30/26.

Lennar Homes

Take Advantage of a Promotional Conventional 7/6 ARM Rate, get 3.99% interest rate for the first 7 years of your loan, and starting in year 8, the rate will adjust every 6 months based on index changes. Plus get up to $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 until 04/12/26 and close by 5/22/26. 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. Must go under contract from now until 4/15/26 and close on or before 5/29/26.

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.

Taylor Morrison

Taylor Morrison is having their OPEN THE WINDOW SAVINGS 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 4/30/26 and close on or before 6/5/26.
2. Conventional 7/6 Adjustable Arm Rate Mortgage – Get 3.75% interest rate for the first 7 years, starting in year 8, the rate will adjust every 6 months based on index changes. Must go under contract from now until 4/30/26 and close on or before 6/5/26.

Toll Brothers

For a limited time on select quick move-in homes, Toll Brothers Mortgage Company is offering exclusive JUMBO 5/1 ARM. For the first 2 years of your JUMBO 5/1 ARM get a 2/1 Buydown.

For the 1st year get 2.99% interest rate, 2nd year get 3.995% interest rate and from years 3-5 get 4.99% interest rate. And then rates are adjusted annually for the remaining 25-year term. Must go under contract on select quick move-in ready homes and close on or before 5/15/26.

ROB & ANG BETS – April 2026

MEDIAN SALES PRICE

Rob said Flat*

Ang said $1,000 increase

Damian said $5,000 increase

Actual # $480,000

ROB won this!

WITHOUT OFFERS

Rob said 6,200

Ang said 6,100

Damian said 6,300

Actual # 6,456

DAMIAN won this one!

MONTHS OF SUPPLY

Rob said 3.8 months

Ang said 3.7 months

Damian said 3.9 months

Actual # 2.8

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