You’ve seen the headlines—so what’s really happening in the Las Vegas real estate market this year? Despite what viral YouTube videos may say, the market isn’t crashing—but it is correcting. After years of intense appreciation, home prices have stabilized, inventory has risen slightly, and buyers now have more negotiation power.
As of early 2025, the median sales price for single-family homes sits around $450,000, down slightly from peak 2022 numbers, but up from 2023. Inventory is hovering around 3.6 months, signaling a more balanced (but not distressed) market. Builders are offering incentives again, and homes are staying on the market a bit longer—giving buyers a chance to breathe.
For sellers, that means pricing strategy matters more than ever. For buyers, it’s an opportunity to re-enter the market without the frenzy of past years. Bottom line: the Las Vegas market is healthy, maturing, and still full of opportunity—if you have the right guidance.
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Dale Abella
The Abella Team | eXp Realty Las Vegas
License No. S.0190387
