Nevada started 2025 with a total of 6,571 single-family homes on the market, with a median home price of $550,000 and an average price per square foot of $337.57. By the end of the year, inventory had increased to 8,406 homes on the market (+28%), with a median home price of $550,000 (+0%), and an average price per square foot of $332 (-2%).
At the start of 2025, the median days on market (DOM) was 84 days – by the end of the year, median DOM had increased to 91 days.
Nevada started the year with 32.48% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 36.69% of homes for sale had taken a price cut.
Finally, Altos’ proprietary Market Action Index (MAI) shows that Nevada started 2025 as a seller's market, with an MAI score of 31; by the end of the year, the MAI had increased to 33 – a seller's market.Market Update for June 13, 2026
