The Las Vegas real estate market in 2025 continues to show dynamic shifts. As of January 2025, the median home price sits at $485,000 with average sale prices reaching $599,800. Inventory levels indicate a balanced market with 4.2 months of supply for single-family residences. Buyers are benefiting from stable interest rates, while sellers are adjusting to realistic pricing strategies due to an average overpricing gap of $41,165. Understanding these trends is crucial whether you're buying or selling a home in Las Vegas, Henderson, or North Las Vegas.
For buyers, the current market conditions offer opportunities to negotiate better deals, especially in high-inventory areas like Summerlin and Green Valley. Sellers should focus on accurate pricing and home staging to reduce the average days on market, currently at 54 days. Additionally, high-rise properties are experiencing longer average days on market at 113 days, reflecting unique selling dynamics in that segment.
The market shows a 4.5% increase in total sales volume from 2024 to 2025, indicating healthy demand despite market fluctuations. This growth is partly driven by strong performance in the $400K-$700K price range, which accounts for 48% of closed units. Meanwhile, luxury homes over $1 million make up 20% of the closed volume, showcasing Las Vegas' diverse housing market.
Investors and buyers should also consider the 28.3% absorption rate for single-family homes, signaling a competitive landscape. Keeping an eye on mortgage interest trends will be critical throughout 2025 as economic factors evolve. Staying informed will help both buyers and sellers make strategic decisions in this dynamic market.
Ready to buy or sell a home in Las Vegas, Henderson, or North Las Vegas? Contact me today to schedule a free consultation and let's make your real estate goals a reality in 2025!
Dale Abella
Exp Realty
License No S.090387
702-765-0736
www.daleabella.com
