Las Vegas, NV Housing Market

Las Vegas, NV's median home value is $431K, down 1.3% over the past year. Homes here sell in a median 51 days. Its PropertyIQ Score of 6 sits below the state average of 50, marking a market positioned to lag its state over the next three years.

Whether you're considering buying a home, investing in rental property, or weighing entry timing in the Las Vegas, NV area, the PropertyIQ Score gives you a single, data-first read on relative market strength. It is validated against actual market outcomes from 2001 to 2023, with a positive score-to-return relationship in every validated year across NV and every other US state.

Mountain West markets combine outdoor lifestyle appeal with booming tech and remote-work migration. Cities across Colorado, Utah, Arizona, and Nevada have experienced some of the nation's fastest appreciation, though rising interest rates have introduced new dynamics to these previously red-hot markets. Within the Mountain West, Las Vegas, NV's PropertyIQ Score of 6 runs below the Mountain West norm.

For the Las Vegas, NV market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets.

View Las Vegas, NV's complete market profile including historical price trends, score history, and AI-generated analysis. Compare this market against any other US metro to find the best opportunities for your investment strategy.