Markets › Nevada
Nevada housing market
In the Silver State, part of the Census Bureau's Mountain division, Pecan Street tracks three markets. Median sale prices run from $446K in Las Vegas to $601K in Reno over Jul–Sep 2026. All three are higher than a year earlier, led by Reno (+6.5%).
Homes sit longest in Reno (60 median days on market) and sell fastest in Carson City (58 days). The share of active listings with a price cut runs from 34% in Las Vegas to 50% in Carson City. Price-to-rent ratios run from about 16 in Las Vegas to 21 in Carson City, measured as years of HUD Fair Market Rent per median sale price. Among the 385 U.S. metros Pecan Street tracks, the Carson City metro has the 15th-highest share of listings with a price cut. Nevada's unemployment rate was 4.7% in Sep 2026 (BLS via FRED), above the national rate of 4.2%.
Markets at a glance
| Market | Median sale price | YoY | Days on market | Price-cut share | Price-to-rent |
|---|---|---|---|---|---|
| Carson City | $510K | +2.1% | 58 | 50% | ≈ 21 |
| Las Vegas | $446K | +0.4% | 59 | 34% | ≈ 16 |
| Reno | $601K | +6.5% | 60 | 36% | ≈ 20 |
Median sale price and year-over-year change from Redfin (rolling three months); median days on market and the share of active listings with a price cut from Realtor.com; price-to-rent is each market page's figure (its median sale price over a year of HUD Fair Market Rent). Figures are per metro market, not statewide.
Recent signals
No market signals flagged across this state right now.