Nevada Housing Market

Home prices in Nevada were up 5.0% year-over-year in January. At the same time, the number of homes sold rose 1.9% and the number of homes for sale rose 22.9%.

Overview
Supply
Demand
Migration
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Nevada Housing Market Overview

What is the housing market like right now?

In January 2025, home prices in Nevada were up 5.0% compared to last year, selling for a median priceof $455,000. On average, the number of homes sold was up 1.9% year over year and there were 2,727 homes sold in January this year, up 2,676 homes sold in January last year. The median days on the market was 64 days, up 4 year over year.…

The direction and pace at which home prices are changing are indicators of the strength of the housing market andwhether homes are becoming more or less affordable. The median price of a home in the United States is currently $455,000.…

Median Sale Price

(All Home Types)

$455,000

+5.0% YoY | Jan 2025

Based on Redfin calculations of home data from MLS and/or public records.

What does this mean?

The direction and pace at which home prices are changing are indicators of the strength of the housing market and whether homes are becoming more or less affordable. The median price of a home in the United States is currently $455,000.

Location

Data

Jan 2025

Growth

% YoY

Nevada

$455,000

+5.0%

Top 10 Metros in Nevada with the Fastest Growing Sales Price

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Nevada Housing Supply

Are there enough homes for sale to meet buyer demand?

In January 2025, there were 14,907 homes for sale in Nevada, up 22.9% year over year.The number of newly listed homes was 4,349 and up 15.2% year over year. The average months of supply is 4 months, up 0 year over year. …

The direction and pace at which housing supply changes indicate whether the options for buyers are increasing or decreasing. Theycan also indicate whether homes are lingering on the market or being sold faster than sellers are listing them. There are currently 14,907 residential homes for sale in the United States.…

# of Homes for Sale

(All Home Types)

14,907

+22.9% YoY | Jan 2025

Based on Redfin calculations of home data from MLS and/or public records.

What does this mean?

The direction and pace at which housing supply changes indicate whether the options for buyers are increasing or decreasing. They can also indicate whether homes are lingering on the market or being sold faster than sellers are listing them. There are currently 14,907 residential homes for sale in the United States.

Location

Data

Jan 2025

Growth

% YoY

Nevada

14,907

+22.9%

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Nevada Housing Market