Nevada
Local Housing Market · Zillow ZHVI · March 2026
$446,865
Typical Home Value
▼ 2.0% YoY ▼ 0.12% MoM
6.37%
30Y Mortgage Rate
PMMS · May 07, 2026
44bps
YoY Rate Change
▼ Lower than 1yr ago
199bps
30Y/10Y Spread
Norm ~170bps
🏘 Nevada Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$446,865
▼ 2.0% YoY
Month-over-Month
▼ 0.12% MoM
March 2026
Data Period
March 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.37%
PMMS · May 07, 2026
15Y Fixed
5.72%
PMMS · May 07, 2026
1yr Ago 30Y
6.81%
▼ Rates lower now
30Y/10Y Spread
199bps
Tight · norm ~170bps
Freddie Mac PMMS via FRED · National rates · State-specific rates may vary slightly
📋 Realtor.com Market Data · Nevada
Market Indicators
REALTOR.COM🏦 LO Market Signal · April 2026
• Inventory is up 6.9% YoY and listing prices are softening 1.2% YoY with 19.7% of listings carrying a price cut. Appraisal risk is lower, but watch for value gaps on pending deals.
• Homes are selling in a median 51 days — a slower market. Pending ratio is 0.35 — moderate demand, purchase timelines are manageable.
• New listings are declining 5.3% YoY. Fewer new listings may constrain purchase pipeline — focus on pre-approvals to capture demand early.
Median Listing Price
$489,950
▼ 1.2% YoY
Median Days on Market
51d
0d YoY
Active Listings
11,783
▲ 6.9% YoY
New Listings
4,866
▼ 5.3% YoY
Price Reduced Share
19.7%
of active listings
Pending Ratio
0.35
pending ÷ active
Realtor.com Research · State-level inventory data · Updated monthly
Hottest Markets in Nevada
REALTOR.COMTop metros by national hotness rank (supply + demand composite) · April 2026
Reno
▼ COOLING
National rank #116
Median Price
$667,175
Median DOM
41d
Demand score 51/100
Las Vegas-Henderson-North Las Vegas
▼ COOLING
National rank #257
Median Price
$474,950
Median DOM
51d
Demand score 3/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply