Market Updates · July 2026
Las Vegas Market Update: July 2026
By Matthew Gambill, Broker-Owner
This update covers Las Vegas data for July 2026. Report released .
The Las Vegas single-family median sales price slipped to $480,000 in July 2026, down 2.0% from June's $490,000 (Las Vegas REALTORS, July 2026). Single-family closings fell 11.1% from June, to 2,046. Single-family homes for sale without offers rose to 7,442, up 4.1% from both June and a year earlier.
Sources: Las Vegas REALTORS, July 2026; Zillow Observed Rent Index; Shelter Realty, August 11, 2026.
Key Numbers
Figures for July 2026, compared with June 2026 and July 2025.
| Metric | July 2026 | June 2026 | July 2025 | Change from June | Change from a year earlier |
|---|---|---|---|---|---|
| Single-family median sales price | $480,000 | $490,000 | $485,000 | down 2.0% | down 1.0% |
| Single-family homes sold | 2,046 | 2,302 | 2,021 | down 11.1% | up 1.2% |
| Single-family new listings | 3,349 | 3,368 | 3,242 | down 0.6% | up 3.3% |
| Single-family homes for sale without offers | 7,442 | 7,147 | 7,147 | up 4.1% | up 4.1% |
| Single-family months of supply | 3.6 | 3.1 | 3.5 | up 17.2% | up 2.9% |
| Single-family homes sold within 30 days (share) | 57.4% | 58.2% | 56.0% | down 0.8 points | up 1.4 points |
| Condo and townhome median sales price | $290,000 | $292,000 | $290,000 | down 0.7% | no change |
| Condos and townhomes sold | 541 | 521 | 547 | up 3.8% | down 1.1% |
| Condo and townhome new listings | 993 | 907 | 938 | up 9.5% | up 5.9% |
| Condos and townhomes for sale without offers | 2,719 | 2,690 | 2,622 | up 1.1% | up 3.7% |
| Condo and townhome months of supply | 5.0 | 5.2 | 4.8 | down 2.7% | up 4.8% |
| Condos and townhomes sold within 30 days (share) | 43.8% | 44.1% | 47.5% | down 0.3 points | down 3.7 points |
| Zillow Observed Rent Index (asking rent) | $1,726 | $1,723 | $1,718 | up 0.2% | up 0.5% |
Sources: Las Vegas REALTORS, July 2026 (home sales rows); Zillow Observed Rent Index (rent row).
Home Prices in July
The single-family median was 1.0% below July 2025's $485,000 (Las Vegas REALTORS, July 2026). For condos and townhomes, the median was $290,000, down 0.7% from June and unchanged from July 2025.
Condo and townhome closings went the other way from houses, rising 3.8% to 541. New condo and townhome listings rose 9.5%, to 993.
Rents Edged Up
The Zillow Observed Rent Index for the Las Vegas metro was $1,726, up 0.2% from June and up 0.5% from a year earlier. That index covers asking rents across all rental types. For completed leases on the MLS, which are mostly houses and condos, Shelter Realty's rental report put the July median at $2,100, based on Las Vegas REALTORS data.
Single-Family Supply Picked Up
Single-family months of supply rose to 3.6 from 3.1 in June, and it was up 2.9% from July 2025's 3.5 (Las Vegas REALTORS, July 2026). The share of single-family homes sold within 30 days was 57.4%, down 0.8 points from June. On the condo and townhome side, months of supply eased to 5.0, from 5.2.
For Owners Deciding Between Renting and Selling
July's reference points were a $480,000 single-family median sale and a $2,100 median completed lease, with asking rents up 0.5% on the year. Those figures describe the whole market. Your home can lease or sell for more or less.
Talk With Our Team
The Property Management Firm is broker-owned and Nevada-licensed, and we primarily manage long-term residential rentals in Las Vegas, North Las Vegas and Henderson. Our team screens residents, handles the day-to-day work and checks with you before larger repairs and before renewal terms are set. All of our marketing photos come from professional photographers we hire. 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 July 2026?
It was $480,000 for single-family homes, down 1.0% from a year earlier, according to Las Vegas REALTORS, July 2026. The condo and townhome median was $290,000.
How many homes sold in Las Vegas in July 2026?
According to Las Vegas REALTORS, July 2026, 2,046 single-family homes and 541 condos and townhomes closed.
What was the median rent in Las Vegas in July 2026?
Shelter Realty's rental report put the median completed MLS lease at $2,100. The Zillow Observed Rent Index for the metro was $1,726, up 0.5% from a year earlier.
How many months of supply did Las Vegas have in July 2026?
Single-family homes had 3.6 months of supply and condos and townhomes had 5.0, according to Las Vegas REALTORS, July 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, July 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 (August 2026), August 11, 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 July 1, 2026 through July 31, 2026.
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