Market Updates · January 2026
Las Vegas Market Update: January 2026
By Matthew Gambill, Broker-Owner
This update covers Las Vegas data for January 2026. Report released .
New listings jumped in Las Vegas in January 2026. Sellers listed 3,149 single-family homes, up 66.7% from December, and 1,012 condos and townhomes, up 72.7% (Las Vegas REALTORS, January 2026). Single-family closings fell 19.8% from December, to 1,445.
Sources: Las Vegas REALTORS, January 2026; Zillow Observed Rent Index.
Key Numbers
Figures for January 2026, compared with December 2025 and January 2025.
| Metric | January 2026 | December 2025 | January 2025 | Change from December | Change from a year earlier |
|---|---|---|---|---|---|
| Single-family median sales price | $470,000 | n/a | $485,000 | no change | down 3.1% |
| Single-family homes sold | 1,445 | n/a | 1,578 | down 19.8% | down 8.4% |
| Single-family new listings | 3,149 | n/a | 3,130 | up 66.7% | up 0.6% |
| Single-family homes for sale without offers | 6,190 | n/a | 5,215 | down 3.2% | up 18.7% |
| Single-family months of supply | 4.3 | n/a | 3.3 | up 20.7% | up 29.6% |
| Single-family homes sold within 30 days (share) | 41.8% | 45.4% | 47.0% | down 3.6 points | down 5.2 points |
| Condo and townhome median sales price | $283,750 | n/a | $293,000 | up 3.2% | down 3.2% |
| Condos and townhomes sold | 380 | n/a | 413 | down 17.2% | down 8.0% |
| Condo and townhome new listings | 1,012 | n/a | 955 | up 72.7% | up 6.0% |
| Condos and townhomes for sale without offers | 2,377 | n/a | 1,896 | up 2.4% | up 25.4% |
| Condo and townhome months of supply | 6.3 | n/a | 4.6 | up 23.7% | up 36.3% |
| Condos and townhomes sold within 30 days (share) | 36.6% | 39.9% | 51.1% | down 3.3 points | down 14.5 points |
| Zillow Observed Rent Index (asking rent) | $1,717 | $1,720 | $1,719 | down 0.2% | down 0.1% |
Sources: Las Vegas REALTORS, January 2026 (home sales rows); Zillow Observed Rent Index (rent row). December 2025 levels shown as n/a are not available; changes from December are as printed by Las Vegas REALTORS.
Prices Were Below a Year Earlier
The single-family median sales price was $470,000, down 3.1% from January 2025's $485,000 (Las Vegas REALTORS, January 2026). The condo and townhome median was $283,750, up 3.2% from December and down 3.2% from a year earlier.
Inventory and Months of Supply
Single-family homes for sale without offers numbered 6,190, down 3.2% from December and up 18.7% from January 2025. Single-family months of supply was 4.3, against 3.3 a year earlier (Las Vegas REALTORS, January 2026). For condos and townhomes, months of supply was 6.3, compared with 4.6 in January 2025.
How Quickly Homes Sold
Of the single-family homes that closed, 41.8% sold within 30 days, down 3.6 points from December's 45.4%. The condo and townhome share was 36.6%, down 14.5 points from a year earlier. Condo and townhome closings fell 17.2% from December, to 380.
Rents to Start the Year
The Zillow Observed Rent Index for the Las Vegas metro was $1,717 in January, down 0.2% from December and down 0.1% from January 2025, across all rental types.
For an owner comparing a sale with a lease, January offered a $470,000 single-family median and 4.3 months of supply. Those figures cover the whole market, so a single home can lease or sell for more or less.
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Frequently Asked Questions
What was the median home price in Las Vegas in January 2026?
It was $470,000 for single-family homes, down 3.1% from a year earlier, according to Las Vegas REALTORS, January 2026. The condo and townhome median was $283,750.
How many homes sold in Las Vegas in January 2026?
According to Las Vegas REALTORS, January 2026, 1,445 single-family homes and 380 condos and townhomes closed.
What was the median rent in Las Vegas in January 2026?
The Zillow Observed Rent Index for the metro was $1,717, down 0.1% from a year earlier.
How many months of supply did Las Vegas have in January 2026?
Single-family homes had 4.3 months of supply and condos and townhomes had 6.3, according to Las Vegas REALTORS, January 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, January 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 January 1, 2026 through January 31, 2026.
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