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October 3, 2026Las Vegas Housing Market Update – October 2026
Las Vegas Housing Market Update – October 2026
The Las Vegas Housing Market continues to shift, and we’re breaking down the latest September 2026 housing numbers! 📊🏠
💰 HOME PRICES ARE DROPPING AGAIN! The median price of single-family homes decreased another $5,000 to $470,000! That’s now $20,000 below the all-time high of $490,000 reached in May 2026!
📆 Here’s what happened in September:
🏠 Median home prices dropped AGAIN!
📉 Home closings decreased.
📉 New listings were down compared to last year.
🏘️ Housing inventory continues to climb month after month, with 10,791 total homes on the market, including single-family homes, townhomes, and condos!
⏳ More homes are sitting on the market without offers, giving buyers more options and negotiating power!
🤔 SO WHAT DOES ALL THIS MEAN?
❓ Will Las Vegas home prices continue to decline?
❓ Are we finally heading toward a more BALANCED housing market?
❓ Where is the Las Vegas Housing Market heading as we close out 2026?
💥 BUYERS, THIS COULD BE YOUR OPPORTUNITY! 💥
With more inventory, longer days on the market, and sellers experiencing fatigue, we’re seeing some GREAT opportunities for buyers! 🏡💰
✅ Negotiate a LOWER purchase price!
✅ Ask sellers to COVER your closing costs!
✅ Take advantage of motivated sellers who are READY to make a deal!
🏗️ OCTOBER 2026 NEW CONSTRUCTION BUILDER INCENTIVES!
Thinking about buying a BRAND-NEW HOME in Las Vegas? We’re also discussing the latest builder incentives for October 2026! 🎉
As we approach the end of the year, builders are looking to meet their year-end sales goals, which could mean BIG opportunities for buyers! From price reductions to closing cost incentives, we’ll discuss why NOW could be a great time to negotiate on a new construction home! 💰🔑
🤣🏆 AND THE MOMENT YOU’VE BEEN WAITING FOR… ROB VS. ANG!
Who won last month’s housing market predictions and bets? Did Rob take the victory, or does Angela get bragging rights this month? 😂🏆 Tune in to find out!
MARKET TRENDS
There were 1,745 single-family houses that sold in September which is down 3.2% from the previous month and down 7.4% from prior year.
September 2026 – 1,745 Closings
September 2025 – 1,884 Closings
September 2024 – 1,791 Closings
September 2023 – 1,821 Closings
September 2022 – 2,030 Closings
September 2021 – 3,209 Closings
The median sales price of previously owned single-family homes went from $475,000 to $470,000, another $5,000 decrease in median price, which is down 1.1% from the previous month and flat from the prior year.
September 2026, the median price of previously owned single-family homes was at $470,000.
September 2025, the median price of previously owned single-family homes was at $470,000.
September 2024, the median price of previously owned single-family homes was at $479,900.
September 2023, the median price of previously owned single-family homes was at $450,000.
September 2022, the median price of previously owned single-family homes was at $450,000.
September 2021, the median price of previously owned single-family homes was at $406,500.
On a side note, we started the year with a median price of $470,000.
CONDOS
The median sales price of condos and townhomes for went from $299,000 in August to $290,000 in September, a $9,000 decrease in median price, which is down 3.3% from the previous month and down 1.4% from the prior year.
September 2026, the median price of condos and townhomes was at $290,000.
September 2025, the median price of condos and townhomes was at $294,000.
September 2024, the median price of condos and townhomes was at $299,500.
September 2023, the median price of condos and townhomes was at $270,000.
August 2022, the median price of condos and townhomes was at $270,000.
August 2021, the median price of condos and townhomes was at $230,000.
LUXURY MARKET
There were 136 luxury homes that sold in September for $1 million and over, compared to August’s 139 homes, 3 home decrease.
The median sales price in the Luxury Market for September went from $1,595,000 to $1,388,750 a $206,250 decrease in median sales. – Last month it was a $210,000 increase.
ARTICLE F/ THE RJ
A new report also found that the median price for a luxury home in Las Vegas has increased almost 60 percent since the beginning of the pandemic. May 2026 statistics from Realtor.com have the price for a luxury home in the valley (within the top 10th percentile of all sales) was $752,891 in December 2019. By the same month in 2025, that threshold had climbed to $1.1 million. As of May 2026, it stands at approximately $1.2 million.
MARKET TRENDS
So, for September we had a total of 3,120 new listings, which is down 3.6% from the prior month and down 1.3% from the prior year.
September 2026 – 3,120 new listings
September 2025 – 3,161 new listings
September 2024 – 2,830 new listings
September 2023 – 2,448 new listings
September 2022 – 3,376 new listings
September 2021 – 3,689 new listings
There were also a total number of 7,995 single-family houses listed without offers in September which is up 5.3% from the previous month and up 6.6% from the prior year.
September 2026 – 7,995 listed without offers
September 2025 – 7,502 listed without offers
September 2024 – 5,458 listed without offers
September 2023 – 4,066 listed without offers
September 2022 – 8,121 listed without offers
September 2021 – 3,463 listed without offers
Total Single-Family, Condos & Townhomes on the market for September 2026 is 10,791, last month we were at 10,304.
MARKET TRENDS
Which brings us to the housing supply in Southern Nevada, last month we are at 4.6 months of inventory on the market, which is up 8.8% from previous month and up 15.1% from the prior year.
September 2026 – 4.6 months of supply
September 2025 – 4.0 months of supply
September 2024 – 3.0 months of supply
September 2023 – 2.2 months of supply
September 2022 – 4.0 months of supply
September 2021 – 1.1 months of supply
53.4% of the closings for the month September was on the market 30 days or less, in August this number was at 52.2% and in September 2025, 50.2% of the homes were on the market 30 days or less. 
FORECLOSURES
REO – 69 in September, 62 in August = 7 increase
Short Sale – 170 in September, 144 in August = 26 increase
Foreclosure Commenced – 49 in August, 42 in August = 7 increase
Total amount of distressed properties including foreclosure being commenced – 288 for September, August was 248 = 20 increase from the prior month
NEW BUILDER INCENTIVES
Century Communities
Century Communities is having their HOMES WORTH MOVING FOR Event on select move-in ready homes when you use Inspire Home Loans. Plus get up to $3,000 toward closing costs.
- 5/1 FHA & VA ARM Loan – Get 3.875% interest rate for 5 years, and for years 6-30 the rate may vary.
- 7/6 Conventional ARM Loan – Get 3.875% interest rate for 7 years, and for years 8-30 the rate may vary.
- 30 Year- Fixed Interest Rate Loan – For FHA & VA get 4.875% fixed interest rate or for Conventional get 5.75% interest rate.
Must go under contract from now until 10/16/26 and close by 10/30/26.
Lennar Homes
Lennar Homes is having their FALL SUPER SALE Event. Take Advantage of a Promotional 30-Year FHA Fixed Interest Rate on select Lennar Homes at 3.75%. Plus get up to $6,000 towards closing costs. Must go under contract from now until 9/13/26 and close by 10/23/26 and finance through Lennar Mortgage.
This Labor Day weekend would have been the best time to buy. They had a Conventional Loan buydown program where you get 1.875% interest rate the first year, 2.875% the second year, 3.875% the third year and 4.875% years 4-30.
Richmond American Homes
Richmond American is having their COME HOME FOR THE HOLIDAYS 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.
- FHA 4.99% 30-Year Fixed Interest Rate
- VA 5.50% 30-Year Fixed Interest Rate
- Conventional 5.375% 30-Year Fixed Interest Rate
Must go under contract from now until 10/18/26 and close on or before 12/31/26.
Taylor Morrison
Taylor Morrison is having MAKE YOUR MOVE 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.
- FHA Fixed Rate – Get 4.875% 30 Year-fixed interest rate
- Secure a Conventional 9-Month Rate Lock at 5.49% interest rate
These limited fixed interest rates are valid new home contracts entered from now until 10/31/26 and close on or before 11/13/26.
Toll Brothers
Toll Brothers is offering an exclusive 5.25% 30-Year Fixed interested rate for a limited time on select homes, and when you use Toll Brothers Mortgage Company. Must go under contract on select quick move-in ready homes and close on or before 10/30/26.
Woodside Homes
For a limited time, get special financing on select Woodside Homes for qualified buyers who finance through Home American Mortgage. They have 3 different deals going on.
- FHA 4.99% 30 Year Fixed Interest Rate
- VA 4.99% 30 Year Fixed Interest Rate
- Conventional 5.375% Fixed Interest Rage
Must go under contract buy 10/18/26 and close by 12/31/26
ROB & ANG BETS – October 2026
MEDIAN SALES PRICE
Rob said $2,500 decrease
Ang said $5,000 decrease*
Damian said $4,000 decrease
Actual # $5,000 decrease
Ang won this!
WITHOUT OFFERS
Rob said 7,650
Ang said 7,700
Damian said 7,750
Actual # 7,995
Damian won this one!
MONTHS OF SUPPLY
Rob said 4.3 months
Ang said 4.4 months
Damian said 4.5 months
Actual # 4.6 months
Damian 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
Keller Williams Realty Las Vegas
Lic. #180246
702-370-5112
[email protected]
www.neighborhoodsinlasvegas.com
Linkedtree: https://linktr.ee/theohareteamlv
