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September 5, 2026Las Vegas Housing Market Update – September 2026
Las Vegas Housing Market Update – September 2026
What’s REALLY happening with the Las Vegas Housing Market for September 2026? Are home prices starting to come down, and could we finally be heading toward a more balanced market? 🤔
The median price of a single-family home dropped $5,000 to $475,000, down from our all-time peak of $490,000 in May 2026. But price isn’t the only number we’re watching. 👀
📉 Home closings decreased
🏡 New listings increased compared to last year
📈 Homes listed without offers increased in August
🔑 Housing inventory continues to slowly rise month after month
So, what does all of this mean? Will home prices continue to come down? Are we moving toward a more balanced Las Vegas housing market?
For BUYERS, there are still some great opportunities right now! 🙌 With more inventory, homes sitting longer, and some sellers ready to make a deal, buyers may be able to negotiate a lower purchase price, closing cost assistance, and other concessions. 💰🏡
We’ll also break down the September 2026 Las Vegas builder incentives and some of the deals new construction buyers should be watching. 🚧🔥
And of course… we have to settle the most important question of the month: Who won last month’s bets — Rob or Ang? 😂🏆💵
MARKET TRENDS
There were 1,803 single-family houses that sold in August which is down 11.9% from the previous month and down 1.7% from prior year.
August 2026 – 1,803 Closings
August 2025 – 1,835 Closings
August 2024 – 2,138 Closings
August 2023 – 2,009 Closings
August 2022 – 2,002 Closings
August 2021 – 3,210 Closings
The median sales price of previously owned single-family homes went from $480,000 to $475,000, a $5,000 decrease in median price, which is down 1% from the previous month and down 1% from the prior year.
August 2026, the median price of previously owned single-family homes was at $475,000.
August 2025, the median price of previously owned single-family homes was at $480,000.
August 2024, the median price of previously owned single-family homes was at $476,875.
August 2023, the median price of previously owned single-family homes was at $447,435.
August 2022, the median price of previously owned single-family homes was at $450,000.
August 2021, the median price of previously owned single-family homes was at $405,000.
CONDOS
The median sales price of condos and townhomes for went from $290,000 in July to $299,000 in August, a $9,000 increase in median price, which is up 3.4% from the previous month and up .6% from the prior year.
August 2026, the median price of condos and townhomes was at $299,000.
August 2025, the median price of condos and townhomes was at $298,000.
August 2024, the median price of condos and townhomes was at $292,000.
August 2023, the median price of condos and townhomes was at $287,000.
August 2022, the median price of condos and townhomes was at $264,900.
August 2021, the median price of condos and townhomes was at $229,000.
SIDE NOTE
The all-time high median home sale price for single family homes in Southern Nevada was broken multiple times this year, and currently sits at $490,000 which was last set in May and June 2026, while the condo and townhome market has dropped substantially from an all-time high that was set in October of 2024 ($315,000)
LUXURY MARKET
There were 139 luxury homes that sold in August for $1 million and over, compared to July’s 165 homes, 26 home decrease.
The median sales price in the Luxury Market for August went from $1,385,000 to $1,595,000 a $210,000 increase in median sales.
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MARKET TRENDS
So, for August we had a total of 3,238 new listings, which is down 3.3% from the prior month, but up 1.4% from the prior year.
August 2026 – 3,238 new listings
August 2025 – 3,192 new listings
August 2024 – 3,153 new listings
August 2023 – 2,641 new listings
August 2022 – 4,008 new listings
August 2021 – 3,985 new listings
There were also a total number of 7,590 single-family houses listed without offers in August which is up 2% from the previous month and up 5.3% from the prior year. (Slide #2)
Total Single-Family, Condos & Townhomes on the market is 10,304.
August 2026 – 7,590 listed without offers
August 2025 – 7,206 listed without offers
August 2024 – 5,268 listed without offers
August 2023 – 3,881 listed without offers
August 2022 – 7,997 listed without offers
August 2021 – 3,256 listed without offers
MARKET TRENDS
Which brings us to the housing supply in Southern Nevada, last month we are at 4.2 months of inventory on the market, which is up 15.7% from previous month and up 7.2% from the prior year.
August 2026 – 4.2 months of supply
August 2025 – 3.9 months of supply
August 2024 – 2.5 months of supply
August 2023 – 1.9 months of supply
August 2022 – 4.0 months of supply
August 2021 – 1.0 months of supply
52.2% of the closings for the month August was on the market 30 days or less, in July this number was at 57.4% and in August 2025, 54.1% of the homes were on the market 30 days or less.
FORECLOSURES – September 2026
REO – 62 in August, 53 in July = 9 increase
Short Sale – 144 in August, 113 in July = 31 increase
Foreclosure Commenced – 42 in August, 48 in July = Flat
Total amount of distressed properties including foreclosure being commenced – 248 for August, July was 214 = 34 increase from the prior month
NEW COMMUNITIES
Monument Hills
Monument Hills is a brand-new master-planned community coming to the far northwest Las Vegas Valley. The community will span approximately 940 acres and is planned for up to 6,000 homes.
It’s being developed by Olympia Companies in partnership with Bruin Capital Partners. Olympia is also known for developing Southern Highlands and its involvement with Skye Canyon.
Monument Hills will be located north of Moccasin Road and east of U.S. 95, continuing the growth of the northwest Las Vegas Valley beyond the Skye Canyon and Sunstone areas. Development is still in the early stages, with the first homes currently targeted for around 2028.
Monument Hills plans to new features two locations for schools, land for commercial space, and plans for roughly 90 acres of parks and trails. Project plans also call for 290 units of military housing and 300 units of workforce housing, city records show.
Sandstone
Sandstone is a brand-new community by KB Home in North Las Vegas and is KB Home’s largest new development in Southern Nevada in the past decade.
The community will span nearly 300 acres and include more than 1,500 homes, with a mix of one- and two-story single-family homes and two-story townhomes.
Sandstone is located north of the 215 Beltway and North Fifth Street interchange and will feature parks, trails, basketball and pickleball courts and other community amenities. The first phase is now open for sales, with homes starting in the $300,000s.
NEW BUILDER INCENTIVES – September 2026
Century Communities is having their GOOD THINGS COME TO THOSE WHO ACT Sales Event.
- FHA & VA 5/1 Adjustable Arm Mortgage – Get 3.375% interest rate for the first 5 years and for years 6-30 the rate may vary.
- Conventional 7/6 Adjustable Arm Mortgage – Get 3.875% interest rate for the first 7 years, and from years 8-30, interest rate may vary.
- 30 Year-Fixed Interest Rate at 4.875%
Plus get up to $3,000 towards closing costs on select Century Communities when you use their affiliated lender, Inspire Home Loans. Must go under contract from now until 8/31/2026 and close by 9/30/26.
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 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.
- 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.
- 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 9/15/26 and close on or before 10/30/26.
Taylor Morrison
Taylor Morrison is having HOMES BUILT FOR STAYCATIONS 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.
- Conventional Fixed Rate – Get 3.99% 30 Year-fixed interest rate
These limited fixed interest rates are valid new home contracts entered from now until 9/15/26 and close on or before 10/23/26.
Toll Brothers
Toll Brothers is offering an exclusive Jumbo 5/1 Arm with a 2/1 Buydown for a limited time on select quick move-in homes, and when you use Toll Brothers Mortgage Company.
For the 1st year get 3.99% interest rate, 2nd year get 4.99% interest rate and from years 3-5 get 5.99% interest rate. After year 5 the rate adjusts annually for the remaining 25 years of the loan. Must go under contract on select quick move-in ready homes and close on or before 10/30/26.
Tri Pointe Homes
Tri Pointe Homes is having their LIVE BRILLIANTLY Sales Event get 3-2-1 Buydown on a Conventional 30 Year Fixed Financing on select move-in ready homes when you use their preferred lender.
For the 1st year get 2.99% interest rate, 2nd year get 3.99% interest rate, 3rd year get 4.99% interest rate and from years 4-30 get 5.99% interest rate. Must go under contract from now until 9/9/26 on select quick move-in ready homes and close on or before 12/18/26.
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 9/15/26 and close by 2/26/27
ROB & ANG BETS – September 2026
MEDIAN SALES PRICE
Rob said $2,000 decrease*
Ang said $5,000 increase*
Damian said $3,000 decrease
Actual # $5,000 decrease
Ang won this!
WITHOUT OFFERS
Rob said 7,650
Ang said 7,600
Damian said 7,800
Actual # 7,590
Ang won this one!
MONTHS OF SUPPLY
Rob said 3.8 months
Ang said 3.6 months
Damian said 3.9 months
Actual # 4.2 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
