Las Vegas Real Estate Trends 2025-2026
Dynamic locations like Las Vegas, Nevada, have ever-changing real estate market trends. Any investor who wants to acquire or sell property in this area must understand the current state of the local market to make informed decisions and minimize losses. We’ve compiled the latest statistics to help you out. Keep reading to learn more about the Las Vegas, Nevada, real estate market trends.
- Median Listing Home Price in Las Vegas Is $460K
- Sale-to-List Ratio is 0.988 for Las Vegas Homes
- 2,142 Single-family Units Were Sold in March 2025
- Summerlin Homes Sold at $680,000 a unit
- 3,340 New Listings Were Available After 2025 Q1
- Rent in Las Vegas Averaged at $1,303 Monthly
- Las Vegas Homes Stayed on the Market for 61 Days
- The median price for Condos and Townhomes is $289,000
Median Listing Home Price in Las Vegas Is $460K
In March 2025, the median listing home price for Las Vegas residential properties was $460,000, marking an increase of 2.2% compared to the same period in 2024. This value is higher than the U.S. average, which is unsurprising. Even so, the rise is still indicative of the growing value of real estate, providing many opportunities for investors.
Las Vegas Nevada
Median Sale-to-List Ratio is 0.988 for Las Vegas Homes
The sale-to-list ratio is the middle value of all homes sold in a specific area even as-is sales, showing the average price of those homes relative to their original listing price. In Las Vegas, the value is at 0.988 or 98%, meaning properties were sold for less than asking. While the difference is small, buyers still have some negotiating leverage during the first quarter of 2025.
2,142 Single-family Units Were Sold in March 2025
As the first quarter of 2025 finished, around 2,142 single-family units were sold in Las Vegas, representing a 2.9% increase compared to last year. These types of properties in the city remain the most popular, with condo and townhouse sales seeing a dip of 3.4% in the same period.
Summerlin Has the Most Expensive Homes at $680,000 a unit
Among the various affluent neighborhoods in Las Vegas, Summerlin emerges as the premier destination, with homes selling at $680,000 per unit. The golf courses, upscale retail shops, and proximity to destinations like Red Rock Canyon have made this neighborhood highly in demand, with properties getting numerous offers and being sold quickly.
3,340 New Listings Were Available After 2025 Q1
The availability of new homes for sale serves as a key indicator of a market’s health according to local realtors. After 2025 Q1 ended, Las Vegas had 3,340 new listings, which indicated an increase of 22.5% compared to the prior year. This increase is beneficial for buyers as it gives them more options, and the numbers could allow the market to cool down a bit.
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Rent in Las Vegas Averaged $1,303 Monthly.
As of April 2025, rental rates for apartments in Las Vegas averaged $1,303 a month. This number is lower than the national average and represents a decrease of 0.8% compared to last year. As such, Las Vegas has remained more affordable than other cities of the same size and prominence in the United States.
Las Vegas Homes Stayed on the Market for 61 Days
The median days on the market for Las Vegas properties as of February 2025 is 61 days, which is far above the national average. The number indicates the slower pace of home sales compared to the rest of the U.S., supporting the idea that the city is still a buyer’s market. Even so, many homes are still sold in under 30 days, especially in in-demand neighborhoods.
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The median Price for Condos and Townhomes is $289,000
Compared to single-family units, condos and townhouses are generally more affordable at a median price of $289,000 in Las Vegas. These options are ideal for first-time Las Vegas home buyers who need more cost-effective and lower-maintenance living options.
Wrapping Up: Real Estate Market Trends in Las Vegas, Nevada
Las Vegas remains a promising location for property buyers and investors. With the increasing property values and inventory, there are lots of opportunities for those looking to engage with the dynamic housing landscape. As you consider the data we shared above, make sure to look at these numbers along with other trends to get the full picture.
