Market Updates · August 2026
Las Vegas Market Update: August 2026
By Matthew Gambill, Broker-Owner
This update covers Las Vegas data for August 2026. Report released .
Months of supply rose in Las Vegas in August 2026. The condo and townhome figure climbed 20.3% from July, to 6.0 months, and single-family months of supply rose 15.7%, to 4.2 (Las Vegas REALTORS, August 2026). Single-family closings fell 11.9% over the same month, to 1,803.
Sources: Las Vegas REALTORS, August 2026; Zillow Observed Rent Index; Shelter Realty, September 10, 2026.
Key Numbers
Figures for August 2026, compared with July 2026 and August 2025.
| Metric | August 2026 | July 2026 | August 2025 | Change from July | Change from a year earlier |
|---|---|---|---|---|---|
| Single-family median sales price | $475,000 | $480,000 | $480,000 | down 1.0% | down 1.0% |
| Single-family homes sold | 1,803 | 2,046 | 1,835 | down 11.9% | down 1.7% |
| Single-family new listings | 3,238 | 3,349 | 3,192 | down 3.3% | up 1.4% |
| Single-family homes for sale without offers | 7,590 | 7,442 | 7,206 | up 2.0% | up 5.3% |
| Single-family months of supply | 4.2 | 3.6 | 3.9 | up 15.7% | up 7.2% |
| Single-family homes sold within 30 days (share) | 52.2% | 57.4% | 54.1% | down 5.2 points | down 1.9 points |
| Condo and townhome median sales price | $299,900 | $290,000 | $298,000 | up 3.4% | up 0.6% |
| Condos and townhomes sold | 449 | 541 | 485 | down 17.0% | down 7.4% |
| Condo and townhome new listings | 888 | 993 | 919 | down 10.6% | down 3.4% |
| Condos and townhomes for sale without offers | 2,714 | 2,719 | 2,560 | down 0.2% | up 6.0% |
| Condo and townhome months of supply | 6.0 | 5.0 | 5.3 | up 20.3% | up 14.5% |
| Condos and townhomes sold within 30 days (share) | 45.7% | 43.8% | 48.9% | up 1.9 points | down 3.2 points |
| Zillow Observed Rent Index (asking rent) | $1,728 | $1,726 | $1,720 | up 0.1% | up 0.5% |
Sources: Las Vegas REALTORS, August 2026 (home sales rows); Zillow Observed Rent Index (rent row).
Supply and Sales Pace in August
Single-family homes for sale without offers numbered 7,590, up 2.0% from July and up 5.3% from August 2025. Months of supply, at 4.2, compared with 3.9 a year earlier (Las Vegas REALTORS, August 2026). Condo and townhome inventory without offers was 2,714, down 0.2% from July.
The share of single-family homes sold within 30 days fell to 52.2%, down 5.2 points from July's 57.4%. New single-family listings totaled 3,238, down 3.3% from July.
Prices Moved in Opposite Directions
The single-family median sales price was $475,000, down 1.0% from both July and August 2025 (Las Vegas REALTORS, August 2026). The condo and townhome median went the other way, rising 3.4% to $299,900. Condo and townhome closings fell 17.0%, to 449.
What Rents Did in August
Asking rents barely changed. The Zillow Observed Rent Index for the Las Vegas metro was $1,728, up 0.1% from July and up 0.5% from a year earlier. It tracks asking rents across all rental types. Completed MLS leases, mostly houses and condos, had a median of $2,045 in August, according to Shelter Realty's rental report, which uses Las Vegas REALTORS data.
Reference Points for Rental Owners
If you're weighing renting against selling, August put a $475,000 single-family median with 4.2 months of supply next to a $2,045 median completed lease. Those are market-wide numbers. A single home can lease or sell for more or less.
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We're a broker-owned, Nevada-licensed brokerage, and we primarily manage long-term residential rentals in Las Vegas, North Las Vegas and Henderson. We screen residents and handle the day-to-day work, and we check with you before larger repairs and before renewal terms are set. We hire professional photographers for all of our marketing photos. Get a Free Rental Analysis, and we'll reply within one business day.
Frequently Asked Questions
What was the median home price in Las Vegas in August 2026?
It was $475,000 for single-family homes, down 1.0% from a year earlier, according to Las Vegas REALTORS, August 2026. The condo and townhome median was $299,900.
How many homes sold in Las Vegas in August 2026?
According to Las Vegas REALTORS, August 2026, 1,803 single-family homes and 449 condos and townhomes closed.
What was the median rent in Las Vegas in August 2026?
Shelter Realty's rental report put the median completed MLS lease at $2,045. The Zillow Observed Rent Index for the metro was $1,728, up 0.5% from a year earlier.
How many months of supply did Las Vegas have in August 2026?
Single-family homes had 4.2 months of supply and condos and townhomes had 6.0, according to Las Vegas REALTORS, August 2026.
Do these numbers apply to my neighborhood?
Not directly. They're market-wide figures, and results for a single home can differ by neighborhood and by the home itself.
Sources
Las Vegas REALTORS, August 2026: home prices, sales, listings, inventory and months of supply
Zillow Observed Rent Index (ZORI), Las Vegas metro, smoothed and seasonally adjusted: asking rents
Shelter Realty, Monthly Las Vegas Rental Report (September 2026), September 10, 2026: median completed lease, from Las Vegas REALTORS data
Related Reading
About the Author
Matthew Gambill is a Broker-Owner of The Property Management Firm, a Nevada-licensed brokerage that primarily manages long-term residential rentals in Las Vegas, North Las Vegas and Henderson. Meet the brokers.
This is general market information, not financial or legal advice. Market-wide figures can be revised and won't match every home, so talk with a licensed professional about your own situation.
Based on information from the Greater Las Vegas Association of REALTORS® Multiple Listing Service for the period August 1, 2026 through August 31, 2026.
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