Housing in Las Vegas, NM

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$295,000

Median List Price

$430,000

Price Per Sq Ft

$214

Days on Market

83

Active Inventory

17

Months of Supply

17.0

Buyer's market

Zillow Home Value

$224,966

ZHVI — January 2026

Price Trends

Source: Redfin
Sale Price 48.2%List Price 12.4%Mar 24Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Off Market in 2 Weeks

20.0%

Sold Above Asking
0.0%
Under Contract in 2 Wks
20.0%
Listings with Price Drops
23.5%

Market Activity

Source: Redfin

Homes Sold

1

New Listings

3

Pending Sales

5

Homes Sold 80.0%New Listings 50.0%Pending 66.7%Mar 24Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$214

Median List $/SF

$213

Sale $/SF 49.7%List $/SF 76.0%Mar 24Jan 26

Las Vegas vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 10,000 - 25,000 residents. Las Vegas is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$143,900

Median Rent

$731

Total Housing Units

7,057

Vacancy Rate

16.1%

Owner Occupied

61.0%

Renter Occupied

39.0%

Median Property Tax

$1,054

per year

Monthly Cost (w/ Mortgage)

$700

Housing Types

Single Family
59.9%
Multi-Family
21.9%
Mobile Home
18.3%

The current median sale price in Las Vegas, NM is $295,000 according to Redfin data. Homes spend a median of 83 days on the market. 0.0% of homes sold above asking price. The market has 17.0 months of supply. The median price per square foot is $214. The median rent is $731 per month (Census ACS). About 61.0% of housing units are owner-occupied. The median year homes were built is 1967. There are 7,057 total housing units.