Market Updates · February 2026
Las Vegas Market Update: February 2026
By Matthew Gambill, Broker-Owner
This update covers Las Vegas data for February 2026. Report released .
Las Vegas had more homes for sale in February 2026 than a year earlier. Single-family inventory without offers was 6,131, up 17.2% from February 2025, and condo and townhome inventory was 2,505, up 23.7% (Las Vegas REALTORS, February 2026). Single-family months of supply was 3.8, against 2.9 a year earlier.
Sources: Las Vegas REALTORS, February 2026; Zillow Observed Rent Index.
Key Numbers
Figures for February 2026, compared with January 2026 and February 2025.
| Metric | February 2026 | January 2026 | February 2025 | Change from January | Change from a year earlier |
|---|---|---|---|---|---|
| Single-family median sales price | $481,995 | $470,000 | $485,000 | up 2.6% | down 0.6% |
| Single-family homes sold | 1,614 | 1,445 | 1,781 | up 11.7% | down 9.4% |
| Single-family new listings | 2,925 | 3,149 | 2,799 | down 7.1% | up 4.5% |
| Single-family homes for sale without offers | 6,131 | 6,190 | 5,229 | down 1.0% | up 17.2% |
| Single-family months of supply | 3.8 | 4.3 | 2.9 | down 11.3% | up 29.4% |
| Single-family homes sold within 30 days (share) | 47.6% | 41.8% | 53.2% | up 5.8 points | down 5.6 points |
| Condo and townhome median sales price | $285,000 | $283,750 | $303,000 | up 0.4% | down 5.9% |
| Condos and townhomes sold | 474 | 380 | 515 | up 24.7% | down 8.0% |
| Condo and townhome new listings | 916 | 1,012 | 957 | down 9.5% | down 4.3% |
| Condos and townhomes for sale without offers | 2,505 | 2,377 | 2,025 | up 5.4% | up 23.7% |
| Condo and townhome months of supply | 5.3 | 6.3 | 3.9 | down 15.5% | up 34.4% |
| Condos and townhomes sold within 30 days (share) | 36.5% | 36.6% | 50.5% | down 0.1 points | down 14.0 points |
| Zillow Observed Rent Index (asking rent) | $1,716 | $1,717 | $1,723 | down 0.1% | down 0.4% |
Sources: Las Vegas REALTORS, February 2026 (home sales rows); Zillow Observed Rent Index (rent row).
Compared With February 2025
Closings were lower than a year ago. Single-family sales totaled 1,614, down 9.4% from February 2025, and condo and townhome sales were 474, down 8.0% (Las Vegas REALTORS, February 2026). The share of single-family homes sold within 30 days was 47.6%, down 5.6 points from a year earlier, and the condo and townhome share was 36.5%, down 14.0 points.
Change From January
Month over month, single-family closings rose 11.7% and condo and townhome closings rose 24.7% (Las Vegas REALTORS, February 2026). Single-family months of supply fell to 3.8 from 4.3 in January, and new single-family listings fell 7.1%, to 2,925.
Home Prices
The single-family median sales price was $481,995, up 2.6% from January's $470,000 and down 0.6% from February 2025. The condo and townhome median was $285,000, up 0.4% from January and down 5.9% from a year earlier.
Asking Rents in February
The Zillow Observed Rent Index for the Las Vegas metro was $1,716, down 0.1% from January and down 0.4% from February 2025. It tracks asking rents across all rental types.
Figures for Owners Weighing a Sale
If you're deciding between renting and selling, February's market-wide reference points were:
A single-family median sales price of $481,995.
Single-family months of supply of 3.8, compared with 2.9 a year earlier.
Asking rents down 0.4% from a year earlier on the Zillow index.
A single home can lease or sell for more or less than these figures.
How TPMF Works With Owners
TPMF is 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, handle the day-to-day work and check with you before larger repairs and before renewal terms are set. We hire professional photographers for all of our marketing photos. If you'd like to talk about your home, Get a Free Rental Analysis. We reply within one business day.
Frequently Asked Questions
What was the median home price in Las Vegas in February 2026?
It was $481,995 for single-family homes, down 0.6% from a year earlier, according to Las Vegas REALTORS, February 2026. The condo and townhome median was $285,000.
How many homes sold in Las Vegas in February 2026?
According to Las Vegas REALTORS, February 2026, 1,614 single-family homes and 474 condos and townhomes closed.
What was the median rent in Las Vegas in February 2026?
The Zillow Observed Rent Index for the metro was $1,716, down 0.4% from a year earlier.
How many months of supply did Las Vegas have in February 2026?
Single-family homes had 3.8 months of supply and condos and townhomes had 5.3, according to Las Vegas REALTORS, February 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, February 2026: home prices, sales, listings, inventory and months of supply
Zillow Observed Rent Index (ZORI), Las Vegas metro, smoothed and seasonally adjusted: asking rents
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 February 1, 2026 through February 28, 2026.
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