Las Vegas New Construction

Las Vegas new construction homes for sale

New construction is beating resale right now. New homes across the valley, and how to get the builder deals.

Rated 4.9 on Zillow from 88 reviews.

869Homes listed
75Days on market
$366Price per sq ft
$569,950Median list price
LVR, updated November 10, 2026

Is new construction beating resale in Las Vegas right now?

Often, yes. Builder sales are down sharply this year, so builders are paying for rate buydowns and closing costs that resale sellers rarely match, and there are 869 homes built in 2025 or later for sale across the valley right now at a median list price of $569,950.

  • Builders closed 502 net sales in August 2026, down 31 percent from a year earlier, according to Home Builders Research. Slow sales are why the incentives are big.
  • The usual offers are a rate buydown through the builder's lender, closing cost help, and design credits, and they are deepest on homes that are already built.
  • A new home's median price was a record $552,990 in August, well above the $475,000 resale median, so compare the monthly payment, not the price.
  • Most national builders write a one year workmanship, two year systems, and ten year structural warranty.
  • The onsite sales team works for the builder. Bring your own agent on the first visit, or the builder may not let you add one later.
  • This page shows every listing built in 2025 or later, which includes builder inventory in the MLS and resales of homes a year or so old.
Price$150K to $25M
$150K$25M

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Market

What is the Las Vegas new construction market doing?

Homes in Las Vegas New Construction sold for a median of $509,590 over the last 12 months, usually in about 34 days at 98 percent of the original list price. With 865 homes for sale, that is 3.6 months of supply. Supply is tight, which favors sellers.

Median sold price
$509,590
Median days to sell
34
Sale to original price
98%
Months of supply
3.6

How competitive is the Las Vegas New Construction market?

Las Vegas New Construction is a competitive market: most homes sell at or over the asking price. Over the last six months homes sold for a median 100 percent of their final asking price and 51 percent sold at or over asking. That is from 1,441 closed sales.

Median sold price by month

$480K
$500K
$520K
$540K
$507K

Closed sales in Las Vegas New Construction, last 12 months, 2,621 sales. LVR data as of November 10, 2026.

Prices

How many Las Vegas New Construction homes are for sale at each price?

Las Vegas New Construction has 869 homes for sale. The most, 183, are priced between $400K and $500K.

Community guide

Why is new construction beating resale right now?

Builders are subsidizing what resale sellers will not. A resale seller might take a little off the price. A builder with homes sitting finished at quarter end will buy down your rate through its own lender, cover a big share of your closing costs, and add design credits on top, often all at once. This year we have seen 2/1 buydowns with first-year rates well under 4 percent, closing cost help in the $15,000 to $30,000 range, and design credits on select homes. The offers change every month and differ by builder, community, and home, so treat any number as a starting point.

The reason is simple: sales are slow. Home Builders Research counted 502 net new home sales in August 2026, down 31 percent from a year earlier, and builders have cut permits too. The deepest incentives sit on quick move-in homes, the ones already built that the builder wants closed before the quarter ends. If you can move in the next 30 to 60 days, that list is where to start.

New construction looks simple. It is not. The onsite sales reps work for the builder, and much more of the deal is negotiable than the price sheet suggests: the upgrade list, the lot premium, the price on a standing home, and how the credits are split between rate and closing costs. Bring us on your first visit and we negotiate that for you, and it costs you nothing. Most builders want an agent registered on the first visit, so do not walk into a model alone if you want help later.

There are honest tradeoffs. A new home's median price is well above the resale median, lots are usually smaller, and the newer master plans are on the edges of the valley, farther from the Strip and the airport. A 2/1 buydown is temporary, so the payment steps up in year two and again in year three; if you plan to stay, a permanent buydown can be worth more. Some new communities carry a special assessment for roads and utilities, and the first property tax bill on a new home is figured on its full value with no cap. Run the monthly payment on both a new home and a resale before you decide, and the answer usually becomes clear.

Before you buy

What should you check before buying new construction in Las Vegas?

Register your agent on the first visit, get the incentives in writing, and compare the full monthly cost, including dues, assessments, and taxes, against a resale.

  1. Your agent on the first visit

    Builders usually require your agent to come with you, or to register you, on your first visit. Sign the guest card with your agent's name, or you may not be able to add representation later.

  2. Incentives in writing

    Get the buydown, closing cost credit, and design credit written into the purchase contract, with the conditions. Most are tied to using the builder's lender and title company.

  3. Temporary or permanent buydown

    A 2/1 buydown lowers the rate for two years and then it steps up. A permanent buydown lowers it for the life of the loan. Ask the lender to price both and compare the Loan Estimate with an outside lender's.

  4. Lot premium and upgrades

    Lot premiums and design center prices are where the builder makes money back. Ask what is standard, what the upgrades cost, and whether window coverings, a refrigerator, and back yard landscaping are included.

  5. SID, LID, and HOA dues

    Many newer master plans carry a master HOA, a neighborhood HOA, and in some areas a special improvement district assessment on the tax bill. Ask for every number in writing.

  6. Property tax on a new home

    Nevada caps yearly property tax increases at 3 percent for a primary residence, but a new home's first bill is on its full taxable value. Ask for the estimated tax, and file the assessor's primary residence claim after closing.

  7. Your own inspections

    A new home still needs an inspector. Ask whether the builder allows a pre-drywall inspection and a final inspection before the walkthrough, and put both on the calendar.

  8. Warranty and defect rights

    Read the builder's warranty, what it covers, and how to file a claim. Nevada's construction defect law gives owners up to 10 years after completion to bring most claims.

  9. Contract terms

    Read the deposit terms, what happens if the completion date slips, and what happens if the home appraises low. Builder contracts are written for the builder.

Cost of ownership

What does it cost to own a new home in Las Vegas?

At the live median list price of $569,950, with 20 percent down, the monthly payment below includes the loan, property tax, insurance, and typical HOA dues. A builder buydown would lower the rate, and any SID assessment is extra, so change any number to fit the home.

Estimated monthly payment $3,317
  • Principal and interest$2,882
  • Property tax$285
  • Home insurance$150
  • HOA dues$0

Illustrative only. Your lender, the county assessor, and your insurer set the real numbers. Not a loan offer from VIPhomes.Vegas.

Jeremy DayFive Star Mortgage · NMLS 2819600

Real numbers come from a lender. Jeremy Day at Five Star Mortgage is the one we trust.

Price reduced

Which new Las Vegas homes just dropped their price?

Homes built in 2025 or later listed below their original price, newest cuts first.

Showing 6 of 443

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Questions, answered

Questions people ask about new construction in Las Vegas

Is it better to buy new construction or resale in Las Vegas right now?

For many buyers in 2026, new construction wins on the monthly payment because builders are paying for rate buydowns and closing costs that resale sellers rarely match. Resale can still win on price, lot size, location, and often a lower property tax bill. Compare the full monthly cost of both.

Do I need a real estate agent to buy a new home?

You do not have to have one, but the onsite sales team works for the builder. An agent of your own negotiates the price, upgrades, lot premium, and incentives, and it costs you nothing. Bring the agent on your first visit, because most builders will not add one later.

What is a 2/1 buydown?

The builder pays to lower your rate by 2 points in the first year and 1 point in the second, and then it returns to the full note rate for the rest of the loan. It helps early on, but plan for the full payment in year three.

Do I have to use the builder's lender?

You can use any lender, but most builder incentives are tied to the builder's own lender and title company. Get a Loan Estimate from the builder's lender and an outside lender and compare them with the incentives counted.

Are new homes more expensive than resale in Las Vegas?

On average, yes. The median new home closing price was a record $552,990 in August 2026, according to Home Builders Research, compared with a $475,000 median for existing single-family homes from Las Vegas Realtors. New homes are also newer and come with a warranty.

What warranty comes with a new home?

Most national builders here offer one year on workmanship, two years on systems like plumbing, electrical, and air conditioning, and ten years on structure. Terms are set in each builder's contract, so read it.

Why is the property tax higher on a new home?

Nevada limits how much a home's tax bill can rise each year, 3 percent for a primary residence, but a new home has no earlier bill to cap. The first bill is on its full taxable value, while an older home's bill may still be held down by years of capped increases.

What is a quick move-in home?

A home the builder started without a buyer, now finished or close to it. You can usually close in 30 to 60 days, and these homes tend to carry the largest incentives because the builder wants them sold.

Where are new homes being built in Las Vegas?

Mostly in the newer master plans at the edges of the valley: western Summerlin, Skye Canyon, Cadence, Inspirada, and Lake Las Vegas, plus North Las Vegas. Custom homes are going up in places like Ascaya and Olympia Ridge in Southern Highlands.

How do I find the schools for a home in Las Vegas?

Public schools in Las Vegas are assigned by home address through the Clark County School District, and the lines can change from year to year. Look up any address with the district's zoning search, and read each school's public report on the Nevada Report Card.

Lifestyles

What other kinds of Las Vegas homes can you search?

If brand new is not a must, homes built since 2020 and price reduced resales are worth a look next to the builder deals.

Search every home
Sources

Where these numbers come from

  • Listings, prices, and counts come from LVR through IDX, refreshed November 10, 2026.
  • The market trend uses closed sales in Las Vegas New Construction over the last 12 months (2,621 sales), as of November 10, 2026.
  • The payment calculator is illustrative. Rates, taxes, and insurance vary by lender, address, and buyer.
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