Inside DFW Real Estate

Nevada, Texas real estate market update

Each month, The Dunnican Team publishes housing market updates covering the cities we serve across Northeast Dallas, Collin, Hunt and Rockwall Counties.

Our reports are sourced directly from the MLS transaction data, not estimates or industry averages, and always compared year-over-year so you can tell what's actually changing.

Our goal is to give you the same honest picture we use with our clients, explained the way we'd explain it across the table.

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Nevada's median home price fell 12.4% year over year in August 2026 to $352,945, while closed sales dipped 7.7% to 12 — a low enough count that this figure should be read with some caution. Active listings sit at 71 against a trailing six-month pace of just 8.2 closings a month, putting the market at roughly 8.7 months of supply. That supply is heavily concentrated above $600K, where nearly 4 of every 5 listings over the past 13 months failed to sell, while the under-$500K segment shows meaningfully healthier conditions.

Nevada, TX Housing Market Update — August 2026

Nevada Housing Market Update | Reporting Period: August 1–31, 2026

This report covers the Nevada, TX housing market for August 2026, built directly from NTREIS MLS listing-level data. Nevada is a smaller, more rural corner of Collin County — median active-listing lot size sits at just over an acre, and the mix of homes for sale ranges from newer subdivisions to farm-and-ranch-style resale properties. Because it's a smaller market than most cities in our coverage area, this report leans especially hard on inventory, price-band, and pipeline detail rather than headline percentages alone, and flags small-sample caution wherever it applies.

Key Highlights | August 2026 vs. August 2025

$352,945

Median Close Price
-12.4% YoY

12

Closed Sales
-7.7% YoY

54

Median Days on Market
+26 days YoY

85.3%

Close/Original List
-9.3 pts YoY

A note on this month's numbers: Nevada closed 12 sales in August — enough to take seriously, but still small enough that month-to-month swings can look larger than the underlying shift in demand. Read the percentages below as directional, and treat the price-band and inventory detail further down as the more reliable read on this market.

Nevada moved more than most cities in our coverage area this month, and it moved in one direction across every measure: median price down 12.4%, price per square foot down 8.3%, days on market up 26 days, and the close-to-list ratio down more than 9 points to 85.3%. When price, pace, and negotiating room all soften together like this, it's a more genuine signal than any one number alone — though with only 12 sales behind it, we'd want to see next month confirm the trend before calling it a firm new direction.

What the Pipeline Is Telling Us Right Now

As of early September, Nevada has 71 active listings and 20 homes currently under contract — 16 pending, 2 in active option period, and 2 contingent. That's a 28.2% under-contract-to-active ratio, actually a bit healthier than the softening closed-sale numbers above might suggest on their own.

Over the trailing six months, Nevada has closed an average of just 8.2 homes per month. At that pace, the current 71 active listings represent roughly 8.7 months of supply — solidly in buyer-leaning territory, and one of the more buyer-favorable readings across our coverage area.

As the price-band table below shows, that buyer-leaning supply is not evenly spread — it's heavily concentrated at the top of the market.

Where the Demand Actually Is: Active vs. Under Contract vs. Closed

This table is the clearest picture of Nevada's market this month — and it tells a very specific story about where the oversupply actually sits.

Price Range	Active Now	Under Contract	Closed (6 Mo.)	UC-to-Active
Under $300K	15	5	15	33.3%
$300,000–$399,999	12	5	7	41.7%
$400,000–$499,999	8	3	14	37.5%
$500,000–$599,999	6	2	8	33.3%
$600,000+	30	5	5	16.7%

The $600,000-and-up band is the story of this market right now. It holds 30 of Nevada's 71 active listings — 42% of everything for sale — but accounted for only 5 closings over the past six months and has just 5 homes currently under contract. Every other price band under $600K is moving with a healthier one-in-three-to-one-in-two ratio of contracts to active listings. Nevada does not have a broad inventory problem; it has a very specific one, concentrated almost entirely at the top of the market.

The Real Risk of Overpricing, by Price Band

Looking at every listing over the past 13 months that reached a resolution — closed, or cancelled/expired/withdrawn without selling — the failure rate by price band makes the $600K+ pattern even clearer.

Price Band	% of Listings That Did Not Sell
Under $300K	45.5%
$300,000–$399,999	43.8%
$400,000–$499,999	31.0%
$500,000–$599,999	33.3%
$600,000+	79.4%

Nearly 4 of every 5 listings above $600,000 in Nevada over the past 13 months did not sell. That's an unusually stark number, even compared to other higher-end North Texas markets, and it's worth a direct, honest conversation with any seller considering that price point about pricing strategy, terms, and realistic timeline before going to market.

One Market, Two Different Speeds

Homes That Are Moving

About 30.6% of closings over the past six months sold in 30 days or less. Pool homes in particular are moving quickly — a 34-day median versus 59.5 days for homes without one — and several smaller newer-construction homes in subdivisions like Waverly Estates closed in well under a month.

Homes That Are Sitting

An equal 30.6% of closings took 90 or more days, and among active listings, 34 of 71 (47.9%) have already been sitting 90+ days. 74.6% of active listings have had at least one price reduction — and among homes that did close in the past six months, that figure was even higher, at 81.6%.

Nevada is genuinely split down the middle between quick sales and long sits, at almost exactly the same rate on each end. As in most markets, the dividing line is usually the list price decision on day one — and in Nevada specifically, that decision matters most acutely above $600K.

New Construction Runs Cheaper Than Resale Here

Nevada shows the opposite pattern from most of our coverage area: homes built in 2024 or later closed at a median of $275,490 over the past six months, actually below the resale median of $443,250 — and new construction sold faster too, at a 47-day median versus 64 days for resale. This reflects Nevada's character as a market with a mix of newer, smaller-lot starter-home subdivisions alongside larger-acreage resale and farm-style properties (active listings carry a median lot size just over one acre). If you're comparing new construction to resale here, don't assume new automatically costs more — in Nevada, it's often the more affordable option.

Subdivision Spotlight

Nevada is a small enough market that most individual subdivisions saw only one or two closings over the past six months — too few for a reliable trend read. One subdivision stands out with real volume:

Waverly Estates

Waverly Estates closed 9 homes over the past six months — by far the most of any subdivision in Nevada — at a median price of $269,990 and a 41-day median time on market. Its 83.0% close-to-list ratio is softer than the citywide figure, suggesting this entry-level subdivision is seeing real negotiation even while moving at a healthy pace. This is Nevada's most active, most affordable pocket of consistent turnover.

For Sellers

Above $600K, be realistic: nearly 4 of 5 listings in that range don't sell. Pricing strategy and terms matter enormously here.
Under $500K, conditions are considerably healthier — roughly a third to two-fifths of active listings in that range already have a contract.
74.6% of active listings have already taken a price reduction. Pricing correctly from day one avoids that group.
If you have a pool, lead with it — pool homes are selling faster and for more here.

For Buyers

At 8.7 months of supply, Nevada is one of the more buyer-favorable markets in our coverage area right now.
The $600K+ range in particular offers real selection and negotiating leverage — 30 active listings and only 5 under contract.
Don't assume new construction costs more here — it's currently running well below resale prices.
Check price history before assuming a list price is firm — nearly half of active listings have already been reduced at least once.

September 2026 Forecast

With 20 homes currently under contract against a trailing six-month pace of roughly 8 closings a month, September's closed-sales count should land moderately above August's if that pipeline closes on schedule. Given Nevada's low monthly volume, don't be surprised if next month's percentage changes swing again — that's normal for a market this size and doesn't necessarily confirm a new trend on its own. The $600K+ segment is the one to watch most closely: unless pricing or terms shift meaningfully in that band, expect its high failure rate to continue weighing down the market's overall pace. If mortgage rates ease, watch for the entry-level and new-construction segments to strengthen first, given their currently healthier absorption.

Trending in Real Estate News

Realtor.com: National inventory continues climbing even as mortgage rates hover near 6.67%, giving buyers more room to negotiate heading into fall. Read more
Redfin: Pending home sales edged up slightly in early August after a slow summer, though they remain below last year's pace nationally. Read more
MetroTex Association of REALTORS®: North Texas inventory growth is starting to slow, with DFW posting modest year-over-year declines in active listings — an early sign the region may be stabilizing. Read more
Zillow: Zillow's latest national forecast calls for roughly flat home price growth over the next year, with Dallas-area metros among those it expects to see modest price declines. Read more

Thinking About Buying or Selling in Nevada?

Nevada's market right now is really two markets in one — a healthy, fast-moving entry-level segment and a struggling upper end. Whichever side you're on, The Dunnican Team can walk through exactly what this data means for your specific situation. Reach out anytime — no pressure, no obligation.

Source: NTREIS MLS listing-level data for Nevada, TX, via MetroTex Association of REALTORS®. Closed-sale figures cover August 1–31, 2026 compared to August 1–31, 2025 (13-month dataset, August 2025–August 2026). Trailing 6-month figures cover March–August 2026 compared to the prior 6 months (September 2025–February 2026). Active, pending, and under-contract counts reflect a snapshot taken in early September 2026 and will shift as contracts close and new listings enter the market. Nevada's overall sales volume is lower than most cities in our coverage area, and subdivision-level and month-to-month figures should be read with appropriate caution. The Dunnican Team at Coldwell Banker Apex, Realtors® | TREC License #0461619 | Designated Broker: Lori Arnold | Equal Housing Opportunity

Nevada Housing Market FAQs

Is now a good time to sell a home in Nevada?

It depends heavily on price point. Under $500K, conditions are reasonably healthy, with a good share of active listings already under contract. Above $600K, be cautious — nearly 4 of every 5 listings in that range fail to sell, so pricing strategy and terms matter enormously.

Is now a good time to buy a home in Nevada?

Yes, particularly above $600K, where inventory is plentiful (30 active listings) against very little competition (only 5 under contract). Citywide, Nevada sits at roughly 8.7 months of supply — one of the more buyer-favorable readings in our coverage area.

How long are homes sitting on the market in Nevada?

The August 2026 median was 54 days, up 26 days from August 2025. The market is genuinely split: about 31% of recent closings sold in 30 days or less, while an equal share took 90 or more days.

Are home prices rising or falling in Nevada?

Prices are down. Median price fell 12.4% year over year to $352,945, and price per square foot dropped a comparable 8.3%, suggesting a genuine softening rather than just a shift in home mix. With only 12 sales this August, we'd want next month to confirm the trend before treating it as a firm new direction.

How competitive is the Nevada housing market right now?

It varies sharply by price. Under $500K, competition is real and healthy. Above $600K, competition is very light, with the large majority of listings in that range not selling at all — a market where your specific price point matters far more than any citywide average.

Contact The Dunnican Team

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