Avezta Realty International Corp.

Las Vegas Real Estate Market Report

Executive Summary

DB
Dan Braun

The Las Vegas, NV real estate market is currently classified as a balanced market. The median asking price is $480K, down 40.0% over the past 30 days.

There are currently 2 active listings. Inventory has increased 100.0% compared to last month.

Currently, listings spend an average of 34 days on market and the average price per square foot is $223.

Detached properties make up the largest share of the Las Vegas market at 50% of active listings with an average price of $800K. Condo listings follow at 50% (avg $160K).

Sales Activity & Absorption

Volume

2
Active
34
Avg DOM
1
New (30d)
1
New (7d)

Market Signals

0
Price Cuts (30d)
1
New (7d)
0
Price Cuts
1
New (7d)

1 new listings appeared in the past month.

Interest Rates & Affordability

Current Rates

Bank of Canada Policy Rate2.25%
Prime Rate4.45%
Est. Variable Rate (Prime + 0.5%)4.95%

Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.

Estimated Monthly Payment

Based on median price of $480K, 20% down, 25yr amortization
$2,233/mo
at 4.95% variable rate

This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.

Market Outlook

The market is relatively balanced between buyers and sellers. The Las Vegas market currently has 2 active listings with a median price of $480K.

  • Prices declining (-40% in 30 days)
  • Low price reduction rate (0% of listings)
  • Average price per square foot is $223

For Buyers

The Las Vegas market is balanced. You have reasonable options, but well-priced homes will still draw interest. Get pre-approved and stay informed on new listings. There were 1 new listings in the past week.

For Sellers

Price your home realistically based on recent sales. Focus on presentation and highlight unique features. Well-priced properties are still selling within reasonable timeframes.

Data sourced from San Diego MLS active and sold listings. Metrics computed from listing data updated daily. Prepared by Dan Braun with AI assistance, reviewed by our team.

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Resources

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Homes for Sale in Las Vegas2 active listingsCost of Living in Las VegasHousing, rent & expensesSold Data in Las VegasRecent sales & prices

Market data is calculated from active and recently sold MLS listings as of April 13, 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.

Based on information from California Regional Multiple Listing Service (CRMLS). This data is for informational purposes only and may not reflect all real estate activity in the market. Information deemed reliable but not guaranteed.