Market Updates · October 2026
What October's Numbers Mean for Las Vegas Owners and Investors
By The Property Management Firm
This update covers Las Vegas data for October 2026. Report released .
Single-family prices held near last year while sales slowed and supply rose. The median single-family sales price was $475,000 in October, up 1.1% from September and up 0.1% from October 2025 (Las Vegas REALTORS, October 2026 statistics). Combined closings were 1,895. The latest Zillow Observed Rent Index for the metro is still the September reading of $1,732, up 0.8% from a year earlier.
Sources: Las Vegas REALTORS, October 2026 statistics; Zillow Observed Rent Index (September 2026).
Key Numbers
Home sales reported for October 2026, compared with September 2026 and October 2025.
| Metric | Oct 2026 | Sept 2026 | Oct 2025 | Change from September | Change from a year earlier |
|---|---|---|---|---|---|
| Single-family median sales price | $475,000 | $470,000 | $474,370 | up 1.1% | up 0.1% |
| Single-family homes sold | 1,519 | 1,745 | 1,724 | down 13.0% | down 11.9% |
| Single-family new listings | 2,954 | 3,120 | 3,077 | down 5.3% | down 4.0% |
| Single-family homes for sale without offers | 8,112 | 7,995 | 7,538 | up 1.5% | up 7.6% |
| Single-family median asking price | $529,000 | $529,999 | $545,000 | down 0.2% | down 2.9% |
| Single-family months of supply | 5.3 | 4.6 | 4.4 | up 16.6% | up 22.1% |
| Single-family homes sold within 30 days (share) | 50.5% | 53.4% | 50.4% | down 2.9 points | up 0.1 points |
| Condo and townhome median sales price | $279,000 | $290,000 | $285,000 | down 3.8% | down 2.1% |
| Condos and townhomes sold | 376 | 424 | 492 | down 11.3% | down 23.6% |
| Condos and townhomes for sale without offers | 2,837 | 2,796 | 2,660 | up 1.5% | up 6.7% |
| Condo and townhome months of supply | 7.5 | 6.6 | 5.4 | up 14.4% | up 39.6% |
Source: Las Vegas REALTORS, October 2026 statistics.
Charts created by The Property Management Firm from Las Vegas REALTORS, October 2026 statistics.
Charts created by The Property Management Firm from Las Vegas REALTORS, October 2026 statistics.
Charts created by The Property Management Firm from Las Vegas REALTORS, October 2026 statistics.
What Happened to Las Vegas Home Prices in October?
They stayed close to a year earlier. The median single-family sales price was $475,000, up 1.1% from September and up 0.1% from October 2025 (Las Vegas REALTORS, October 2026 statistics). Condos and townhomes were softer. The median was $279,000, down 3.8% from September and down 2.1% from a year earlier.
Fewer homes closed. Single-family closings fell to 1,519, down 13.0% from September and down 11.9% from October 2025. Condo and townhome closings fell to 376, down 23.6% from a year earlier. Combined closings were 1,895. Active single-family asking prices without offers had a median of $529,000, down 2.9% from a year earlier. The Las Vegas REALTORS November 6, 2026 news release reported that 26.2% of local property sales in October were cash transactions, compared with 26.5% one year earlier.
Is Housing Supply Building?
Yes. There were 8,112 single-family homes for sale without offers in October, up 1.5% from September and up 7.6% from a year earlier (Las Vegas REALTORS, October 2026 statistics). Single-family months of supply rose to 5.3, from 4.6 in September and 4.4 in October 2025. Condos and townhomes reached 7.5 months, up from 5.4 a year earlier.
New listings eased to 2,954 single-family homes, down 5.3% from September. Of the single-family homes that closed, 50.5% spent 30 days or less on the market, down 2.9 points from September and almost unchanged from 50.4% a year earlier. Buyers have more homes to compare; sellers face more competition. Pricing from day one matters more than last fall.
What Are Las Vegas Rents Doing?
The latest public Zillow Observed Rent Index for the Las Vegas metro is still September 2026. October is not in Zillow's public metro file as of November 9, 2026. The September index was $1,732, up 0.2% from August and up 0.8% from September 2025. It tracks asking rents across all rental types. The Las Vegas REALTORS monthly statistics report has no rental figures. None of these figures predict where rents go next.
What Should Rental Owners Do Right Now?
Price it right from day one. Set the rent at or just under what similar nearby homes have recently leased for.
Have the home rent-ready before it is listed. Finish the repairs and the cleaning first, so the first people who walk through see a home they could move into this week.
Use professional photos. We hire professional photographers for all of our marketing photos.
How Does The Property Management Firm Help Owners Lease in a Slower Market?
The Property Management Firm is a broker-owned, Nevada-licensed brokerage. We primarily manage long-term residential rentals in Las Vegas, North Las Vegas and Henderson. We screen residents, handle day-to-day work, check with you before larger repairs and before renewal terms, and reply within one business day. If you'd like a second look at your rent or listing plan, book a consultation.
Frequently Asked Questions
Are Las Vegas home prices going down?
Not as of October for single-family homes. The median single-family sales price was $475,000, up 0.1% from October 2025, according to Las Vegas REALTORS, October 2026 statistics. The condo and townhome median was $279,000, down 2.1% from a year earlier.
Are rents going down in Las Vegas?
Not on the latest Zillow index. The September 2026 Zillow Observed Rent Index for the metro was $1,732, up 0.8% from a year earlier. October is not published yet.
Did home sales slow in October?
Yes. Single-family closings fell to 1,519, down 13.0% from September and down 11.9% from October 2025. Condo and townhome closings fell to 376, down 23.6% from a year earlier. Combined closings were 1,895.
How should I price my rental this fall?
Start at or just under the rent that similar nearby homes have recently leased for.
Is inventory rising for Las Vegas sellers?
Yes. Single-family homes for sale without offers rose to 8,112, up 7.6% from a year earlier, and months of supply rose to 5.3 from 4.4 (Las Vegas REALTORS, October 2026 statistics).
Do these numbers apply to my neighborhood?
Not directly. They are market-wide figures, and results for a single home can differ by neighborhood and by the home itself.
Sources
Las Vegas REALTORS, October 2026 statistics
Las Vegas REALTORS news release, November 6, 2026 (cash-sale share)
Related Reading
About the Author
The Property Management Firm is 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.
Source: Las Vegas REALTORS, October 2026 statistics.
Based on information from the Greater Las Vegas Association of REALTORS® Multiple Listing Service for the period October 1, 2026 through October 31, 2026.
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