Las Vegas, NM metro area Housing Market
Cold MarketComprehensive housing market data for the Las Vegas, NM metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$295K
↓ 3.9% YoY
Days on Market
83 days
↑ 56.6% YoY
Active Inventory
49
↓ 2.0% YoY
Homes Sold
5
↓ 37.5% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Las Vegas, NM metro area Market Summary
The Las Vegas, NM metro area housing market is cooling down. As of January 2026, the median home sale price is $295K, down 3.9% year-over-year. Homes are spending a median of 83 days on the market, 56.6% longer than a year ago.
There are 49 homes for sale — 2.0% fewer than last year. With 9.8 months of supply, this is a buyer's market. 11 new listings were added during this period, up 22.2% year-over-year.
Homes are selling for 93.2% of their list price on average, suggesting room for negotiation. 0.0% of homes sell above their asking price. 24.5% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
88
Contributing Factors
How This Market Compares
vs. National Median
vs. New Mexico Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 30% below the national median, which could indicate stronger cash flow potential.
Las Vegas, NM metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$500K
Price per Sq Ft
$215
Sale-to-List Ratio
93.2%
Months of Supply
9.8
Sold Above List
0.0%
Price Drops
24.5%
New Listings
11
↑ 22.2% YoY
Pending Sales
8
Off Market in 2 Weeks
12.5%
Other Markets in New Mexico
Santa Fe, NM metro area
$550K · 96d on market
Las Cruces, NM metro area
$313K · 80d on market
Alamogordo, NM metro area
$300K · 57d on market
Farmington, NM metro area
$285K · 41d on market
Roswell, NM metro area
$235K · 45d on market
Clovis, NM metro area
$235K · 75d on market
Hobbs, NM metro area
$270K · 17d on market
Carlsbad, NM metro area
$293K · 51d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.