Southern Nevada home prices inched back up in October, according to the latest data from Las Vegas Realtors.

The median price of a single-family home sold in October was approximately $475,000, a 1.1 percent increase from September and a 0.1 percent increase from October of last year, according to the trade association, which pulls its data on the resale market from the Multiple Listing Service.

Additionally, the median price of a condo or townhome sold in October was $279,000, down 3.8 percent from the previous month and a 2.1 percent drop from October 2025.

“We’re seeing the impact of the recent rise in mortgage rates,” LVR President George Kypreos said in a statement. “I suspect these statistics would look a lot different if rates went back down by a percentage point or so. The demand for homes in Southern Nevada is still strong.”

Mortgage rates have strangled home sales in the Las Vegas Valley and across the country largely since the tail end of the pandemic in 2022.…