Las Vegas, NM housing market
The typical Las Vegas home is worth about $238,000, up 9.9% in a year, 25% below the New Mexico typical home. Homes typically sell in 13 days, below asking.
Home values, sales, trends and how Las Vegas compares with the towns next door — updated as new data is published.
Las Vegas at a glance
A seller's market
Supply is tight — about 3.6 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Las Vegas | New Mexico |
|---|---|---|
| 2017 | $147,000 | $178,000 |
| 2018 | $152,000 | $184,000 |
| 2019 | $165,000 | $193,000 |
| 2020 | $169,000 | $205,000 |
| 2021 | $186,000 | $229,000 |
| 2022 | $214,000 | $263,000 |
| 2023 | $211,000 | $287,000 |
| 2024 | $206,000 | $302,000 |
| 2025 | $222,000 | $313,000 |
| 2026 | $235,000 | $315,000 |
| August 2026 | $238,000 | $318,000 |
5.3 years of income
The typical Las Vegas home costs about 5.3 years of the town's median household income, more than across New Mexico (5 years).
How Las Vegas ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Recent listings in Las Vegas
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.