State housing market · September 2026 data

Nevada housing market

Across the 8 Nevada markets WealthyBud tracks, the midpoint median listing price is $477,400 as of September 2026, and 3 of 8 are priced below a year ago. Gardnerville Ranchos is the most expensive ($888,450) and Winnemucca the least ($380,725).

Midpoint median list price
$477,400
8 markets
Markets down YoY
3/8
September 2026
Active listings
13,584
Tracked markets
30-yr mortgage rate
7.28%
2026-10-01

What are home prices in each Nevada market?

The table lists every Nevada market WealthyBud tracks with its median listing price, year-over-year change, days on market, active listings, price-to-income ratio and the income needed to buy the median home. Select a market for its full report.

Nevada housing markets — September 2026
MarketMedian list priceYoYDays on marketActivePrice-to-incomeIncome needed
Las Vegas$464,900-2.1%5811,0476.3$117,000
Reno$645,450+0.5%541,4997.6$162,000
Pahrump$424,950+1.2%683817.6$107,000
Gardnerville Ranchos$888,450-6.3%7331010.0$223,000
Elko$489,900+2.1%441305.9$124,000
Carson City$567,682+3.2%531117.9$142,000
Fallon$422,500+7.4%52555.8$108,000
Winnemucca$380,725-17.7%42514.8$96,000

Are home prices rising or falling in Nevada?

Fallon posted the biggest year-over-year change in Nevada (+7.4%) and Winnemucca the weakest (-17.7%). The midpoint change across the state's tracked markets is +0.9%, with 13,584 homes actively listed.

How much income do you need to buy a home in Nevada?

Buying the median listing with 20% down at the current 7.28% rate takes about $96,000 a year in Winnemucca and $223,000 in Gardnerville Ranchos, keeping principal, interest and property tax at 28% of income.

Nevada housing market FAQ

What is the median home price in Nevada?
Across WealthyBud's 8 tracked Nevada markets, median listing prices have a midpoint of $477,400 as of September 2026, from $380,725 in Winnemucca to $888,450 in Gardnerville Ranchos.
Are home prices falling in Nevada?
3 of 8 tracked Nevada markets have median listing prices below a year ago as of September 2026. The weakest is Winnemucca at -17.7%.
What is the most expensive housing market in Nevada?
Gardnerville Ranchos has the highest median listing price among tracked Nevada markets at $888,450 (September 2026).
How much income do you need to buy a home in Nevada?
Buying the median listing with 20% down at the current 7.28% rate takes about $96,000 a year in Winnemucca and $223,000 in Gardnerville Ranchos, keeping principal, interest and property tax at 28% of income. Insurance, HOA and PMI are excluded.

Working in Nevada real estate? See Nevada agent salary (BLS median $79,990) and how to get licensed. Compare states on the state hub index or see where prices are falling nationwide.

Jasper Lindqvist Commercial Real Estate Analyst

Jasper Lindqvist is a commercial real estate analyst who covers office, retail and industrial property trends, cap rates and vacancy using public REIT filings and market reports. He focuses on how commercial demand shifts ripple into residential markets.

Editorial persona: WealthyBud bylines are editorial personas, not real individuals. Pages are produced by the WealthyBud research team from the public data cited on each page.