North Las Vegas, NV Housing Market Report

The North Las Vegas housing market is currently undergoing a significant transition toward a buyer-friendly environment as of December 2025. With active inventory surging by nearly 20% year-over-year to 11,577 units and the average time on market increasing to 78 days, buyers now have substantially more leverage and selection than they did a year ago. The sale-to-list ratio of 0.99 suggests that while sellers are still achieving close to their asking prices, the days of aggressive bidding wars have largely subsided, replaced by a climate where negotiations are becoming the norm.

Price trends over the last six months indicate a period of stabilization following a minor correction. After a steady decline from July's peak of $406,110, the median home value has leveled off at $402,242. This represents a 1.63% decrease compared to the previous year, signaling that the rapid appreciation seen in the broader Las Vegas-Henderson-Paradise metro area has cooled. Interestingly, while the sales market has softened, the rental market remains resilient with a 2.02% annual increase, pushing median rents to $1,831. This divergence suggests that while high interest rates or inventory levels may be dampening home purchases, demand for housing in the region remains fundamentally strong.

Looking ahead, the outlook for North Las Vegas is one of cautious stability. For buyers, the current landscape offers a rare window of opportunity to enter the market with less competition and more time to conduct due diligence. Sellers, conversely, must adjust their expectations to account for a longer sales cycle, which has extended by 22 days over the past year. Success for sellers in 2026 will depend heavily on competitive pricing and property condition, as the influx of inventory means buyers can afford to be more selective. As the market finds its new floor, North Las Vegas remains a more affordable alternative to neighboring Henderson, maintaining its appeal for first-time homeowners and growing families.