Las Vegas Real Estate Update for October 2025 The October 2025 Las Vegas housing numbers are in—and the market continues to shift toward balance. Some items to note: Sales have slowed slightly: Only 1,724 single-family homes sold, down about 10% year-over-year. Inventory is climbing: Over 7,500 single-family homes are now available — up 30% from last year. Condos and townhomes saw an even bigger jump, with supply up 47.9%. Prices are holding steady overall: The median single-family price sits at $474,370, down just 0.2% from last year. Condos dipped more sharply to $285,000, down 9.5%. Homes are taking longer to sell: Only 50% of homes are selling within 30 days — compared to nearly 59% last year. What this means for you: For Buyers: More listings mean more choice and negotiating power. You’re not competing like before—and many sellers are open to concessions and/or price discounts.  For Sellers: Homes are still selling, but strategy matters. Pricing, presentation, and agent experience are key to standing out in a market where buyers have options. If you’re considering buying or selling before year-end, now’s the time to plan your move strategically. Rates are expected to improve slightly heading into 2026, which could reignite demand. Let’s talk about how today’s conditions impact your goals—whether it’s moving up, downsizing, or investing! Call us today at (702) 460-2712. Real Estate Market Report - October 2025 MetricSingle-Family UnitsCondo/Townhouse Units Current ValueOctober 2025Growth FromSeptember 2025Growth FromOctober 2024Current ValueOctober 2025Growth FromSeptember 2025Growth FromOctober 2024 Units Sold No. of Units Sold 1,724 -8.5% -10.1% 492 +1.4% -8.9% Median Price of Units Sold $474,370 +0.9% -0.2% $285,000 -3.1% -9.5% Average Price of Units Sold $620,582 +0.5% +6.0% $302,924 -1.2% -4.3% New Listings No. of New Listings 3,077 -2.7% +7.3% 935 +5.6% +12.7% Median Price of New Listings $525,000 +0.2% +5.0% $295,000 +2.1% -2.2% Average Price of New Listings $749,637 -2.3% +7.7% $323,610 -5.2% -8.3% Availability (Including Offers) No. of Units Available 9,745 +1.9% +20.9% 3,206 +0.7% +33.6% Median Price of Units Available $529,900 +0.0% +0.9% $284,900 -0.0% -2.4% Average Price of Units Available $858,598 +0.4% +0.5% $334,309 -0.5% -30.2% Availability (Excluding Offers) No. of Units Available 7,538 +0.5% +30.3% 2,660 +2.1% +47.9% Median Price of Units Available $545,000 +0.0% +0.9% $280,000 +0.0% -3.4% Average Price of Units Available $898,429 +1.0% -2.1% $339,134 -0.4% -7.8% Effective Months of Availability Months 4.4 +9.8% +45.0% 5.4 +0.7% +62.3% Time on Market for Units Sold 0 - 30 days 50.4% 50.2% 58.9% 42.7% 46.4% 59.4% 31 - 60 days 21.3% 21.8% 20.9% 24.8% 20.6% 20.6% 61 - 90 days 12.9% 13.0% 10.4% 12.6% 14.2% 9.6% 91 - 120 days 6.8% 7.6% 5.3% 7.3% 6.8% 5.7% 121+ days 8.5% 7.4% 4.6% 12.6% 12.0% 4.6% Las Vegas Real Estate Update for September 2025 After a strong summer, Las Vegas home prices decreased slightly from August to September—a normal seasonal adjustment. Some items to note: Single-Family Homes: Median price is $470,000, a 2.1% decrease from August. Condos/Townhomes: Median price is $294,000, but activity remains steady. Inventory: 37% increase from this time last year. Time on Market: Half of the available homes sold within 30 days, showing that well-priced and well-presented homes are still moving fast. Vegas Keeps Growing Despite short-term cooling, the long-term Vegas outlook remains strong: Population: Increased to 2.4 million, up 2.1% in the past year. Median Income: up 9.8% to $75,416. GDP: Increased 8.8% from September 2024. Massive Projects Underway: The Brightline high-speed rail, MLB stadium, and major resort and tech investments are all fueling growth. What Sellers Should Know With more listings, pricing and presentation matter more than ever: Price your home in line with recent comps. Make it show beautifully through curb appeal, staging, and photos. Work with an agent who knows how to market and position your home correctly. Opportunity for Buyers Today's market offers a sweet spot for buyers: More inventory = better selection and negotiating power. Slightly lower prices = entry at a better value. Strong fundamentals = solid long-term appreciation potential. This could be the window smart buyers look back on as the best time to get involved. Bottom Line Vegas is still one of the most dynamic housing markets in the country—short-term balance, long-term upside. Whether you’re buying or selling, strategy matters more than timing. If you want to explore opportunities in today’s market, reach out anytime at (702) 460-2712. We’d be happy to put together a custom plan for you. Real Estate Market Report - September 2025 MetricSingle-Family UnitsCondo/Townhouse Units Current ValueSeptember 2025Growth FromAugust 2025Growth FromSeptember 2024Current ValueSeptember 2025Growth FromAugust 2025Growth FromSeptember 2024 Units Sold No. of Units Sold 1,884 +2.7% +5.2% 485 +0.0% -0.2% Median Price of Units Sold $470,000 -2.1% -2.1% $294,000 -1.3% -1.8% Average Price of Units Sold $617,312 +6.0% +3.0% $306,719 -5.8% +0.5% New Listings No. of New Listings 3,161 -1.0% +11.7% 885 -3.7% +6.2% Median Price of New Listings $524,000 -0.1% +4.8% $288,888 -3.7% -6.8% Average Price of New Listings $767,107 +6.3% +11.6% $341,438 +7.4% -0.1% Availability (Including Offers) No. of Units Available 9,567 +1.0% +23.8% 3,183 +0.6% +36.7% Median Price of Units Available $529,897 +0.0% +1.0% $285,000 +0.0% -1.7% Average Price of Units Available $855,125 +1.5% -0.3% $336,077 +1.7% -4.1% Availability (Excluding Offers) No. of Units Available 7,502 +4.1% +37.4% 2,605 +1.8% +50.5% Median Price of Units Available $545,000 -0.2% -0.9% $280,000 +0.0% -2.8% Average Price of Units Available $889,974 +1.1% -4.5% $340,505 +1.3% -5.8% Effective Months of Availability Months 4.0 +1.4% +30.7% 5.4 +1.8% +50.8% Time on Market for Units Sold 0 - 30 days 50.2% 54.1% 61.5% 46.4% 48.9% 59.9% 31 - 60 days 21.8% 23.4% 19.9% 20.6% 23.3% 23.3% 61 - 90 days 13.0% 11.4% 10.4% 14.2% 10.9% 7.6% 91 - 120 days 7.6% 5.4% 4.4% 6.8% 5.8% 4.9% 121+ days 7.4% 5.7% 3.8% 12.0% 11.1% 4.3% Las Vegas Real Estate Update for August 2025 The latest numbers are in, and the Las Vegas housing market continues to show signs of shifting. Here’s what you need to know if you’re thinking about buying, selling, or investing. Sales Activity Fewer homes are selling compared to last summer, reflecting buyers taking longer to make decisions in today’s higher inventory environment. Single-Family Homes: 1,835 closed sales in August—down 14.2% from last year. Condos/Townhomes: 485 closed sales—down 15.4% year-over-year. Home Prices Prices remain relatively stable, edging slightly upward year-over-year even as demand has cooled. Median Single-Family Price: $480,000 (+0.7% vs. 2024) Median Condo/Townhome Price: $298,000 (+2.1% vs. 2024) Inventory and Availability This is the highest availability we’ve seen in years, giving buyers more choices and more negotiating power. Single-Family Homes: 7,206 available listings (+36.8% vs. 2024) Condos/Townhomes: 2,560 available listings (+56.1% vs. 2024) Time on Market About 54% of single-family homes are still selling within 30 days, but that’s down from nearly 67% last year. Condos show a similar slowdown, with just under 49% closing within 30 days (down from 61% in 2024). Takeaways For Sellers: Pricing competitively and presenting your home well is critical in today’s market with rising inventory. For Buyers: More options and longer market times mean this is the best opportunity in years to negotiate favorable terms. For Investors: Stable prices despite slowing sales show Las Vegas remains a resilient long-term market. If you’re curious how these trends affect your home’s value—or want to explore opportunities in today’s market—reach out anytime at (702) 460-2712. We’d be happy to put together a custom plan for you. Real Estate Market Report - August 2025 MetricSingle-Family UnitsCondo/Townhouse Units Current ValueAugust 2025Growth FromJuly 2025Growth FromAugust 2024Current ValueAugust 2025Growth FromJuly 2025Growth FromAugust 2024 Units Sold No. of Units Sold 1,835 -9.2% -14.2% 485 -11.3% -15.4% Median Price of Units Sold $480,000 -1.0% +0.7% $298,000 +2.8% +2.1% Average Price of Units Sold $582,562 -4.2% +1.5% $325,608 +5.7% +6.7% New Listings No. of New Listings 3,192 -1.5% +1.2% 919 -2.0% +2.5% Median Price of New Listings $524,450 +0.9% +0.9% $299,900 +1.1% +0.0% Average Price of New Listings $721,385 -3.1% -2.2% $317,862 -4.6% -0.2% Availability (Including Offers) No. of Units Available 9,474 +0.6% +24.7% 3,165 -1.9% +40.3% Median Price of Units Available $529,996 -0.0% -0.0% $284,999 +0.4% -1.7% Average Price of Units Available $842,670 -0.1% -2.7% $339,502 -2.8% -3.9% Availability (Excluding Offers) No. of Units Available 7,206 +0.8% +36.8% 2,560 -2.4% +56.1% Median Price of Units Available $546,237 -0.7% -0.7% $280,000 +0.0% -1.8% Average Price of Units Available $880,149 -1.5% -6.5% $336,995 -1.8% -5.7% Effective Months of Availability Months 3.9 +11.0% +59.4% 5.3 +10.1% +84.4% Time on Market for Units Sold 0 - 30 days 54.1% 56.0% 66.8% 48.9% 47.5% 61.1% 31 - 60 days 23.4% 22.8% 19.7% 23.3% 26.0% 21.8% 61 - 90 days 11.4% 11.1% 7.2% 10.9% 12.2% 8.4% 91 - 120 days 5.4% 4.8% 3.2% 5.8% 5.5% 3.8% 121+ days 5.7% 5.3% 2.9% 11.1% 8.8% 4.9% Las Vegas Real Estate Update for July 2025 The summer market is in full swing, and Las Vegas continues to outperform many U.S. markets—remaining one of the most attractive places to call home. Single-Family Homes Sales: 2,021 closings – steady vs. June, slightly lower than last year. Median Price: $485,000 – holding strong, up 1% year-over-year. Inventory: 7,147 homes available (excluding offers) – 54% more than last year, giving buyers more options. Speed of Sales: 56% sold in 30 days or less – a shift from last year’s rapid pace. Condos & Townhomes Sales: 547 closings – up from last month, but down vs. last year. Median Price: $290,000 – slightly lower month-over-month and year-over-year. Inventory: 2,622 units available – 77% more than last year. Speed of Sales: 47.5% sold in under 30 days. Why Las Vegas Remains a Top Destination Lower cost of living compared to coastal metros. No state income tax keeps more money in your pocket. Year-round sunshine and abundant outdoor recreation. Thriving job market in tourism, sports, and technology. World-class amenities like dining, entertainment, and professional sports. New residents every day—a steady in-migration keeps demand strong. While prices are holding steady now, the moment interest rates start trending downward, Las Vegas is poised for rapid appreciation. More buyers will re-enter the market, and competition for homes will heat up quickly. Whether you’re buying, selling, or investing, now is the time to prepare your strategy so you’re ready to act when the market accelerates. Call or text me today at (702) 460-2712 for a personalized market analysis of your home and a game plan for your next move. Real Estate Market Report - July 2025 MetricSingle-Family UnitsCondo/Townhouse Units Current ValueJuly 2025Growth FromJune 2025Growth FromJuly 2024Current ValueJuly 2025Growth FromJune 2025Growth FromJuly 2024 Units Sold No. of Units Sold 2,021 +3.9% -5.8% 547 +6.2% -11.6% Median Price of Units Sold $485,000 +0.0% +1.0% $290,000 -4.9% -2.0% Average Price of Units Sold $608,208 -4.5% -1.8% $308,176 -1.7% -0.7% New Listings No. of New Listings 3,242 -0.3% +9.5% 938 +1.3% +13.6% Median Price of New Listings $519,900 +0.0% +4.0% $296,500 -0.3% +0.5% Average Price of New Listings $744,222 +1.1% +7.7% $333,175 -3.6% +0.1% Availability (Including Offers) No. of Units Available 9,420 +1.0% +31.2% 3,225 -0.1% +49.7% Median Price of Units Available $530,000 -1.5% +1.0% $284,000 +0.7% -1.9% Average Price of Units Available $843,371 -0.4% -1.5% $339,994 -1.2% -1.6% Availability (Excluding Offers) No. of Units Available 7,147 +2.2% +54.2% 2,622 +2.3% +77.0% Median Price of Units Available $549,900 +0.0% +0.0% $279,900 +0.0% -0.9% Average Price of Units Available $893,150 -0.6% -7.6% $342,067 -1.8% -4.8% Effective Months of Availability Months 3.5 -1.6% +63.7% 4.8 -3.7% +100.3% Time on Market for Units Sold 0 - 30 days 56.0% 61.4% 69.9% 47.5% 50.7% 61.6% 31 - 60 days 22.8% 21.4% 16.6% 26.0% 22.1% 20.2% 61 - 90 days 11.1% 8.4% 7.4% 12.2% 13.4% 9.4% 91 - 120 days 4.8% 3.2% 3.2% 5.5% 7.2% 5.0% 121+ days 5.3% 5.6% 3.0% 8.8% 6.6% 3.9% September 2021: Market Resilience Amidst Global Changes In September 2021, the Las Vegas real estate landscape showed remarkable resilience. Amidst a global backdrop of economic fluctuations, property values and investment interest in Las Vegas remained robust. This period saw an influx of new developments, with a focus on sustainable and modern living spaces. Key highlights include the rise of eco-friendly homes and the incorporation of smart technology in properties, catering to a new generation of homeowners. Early 2020: A Dynamic Start to the Decade January 2020 marked a dynamic beginning to the new decade in Las Vegas real estate. Despite global uncertainties, the market witnessed significant activities, including the inauguration of innovative housing projects and revamping of commercial spaces. The emphasis was on creating versatile living solutions, blending luxury with functionality. This era was pivotal in shaping the future trajectory of Las Vegas' urban development. Late 2019: Strengthening Foundations As 2019 came to a close, Las Vegas' real estate sector reinforced its foundations. December saw enhanced focus on community-driven projects, aiming to foster a sense of belonging among residents. New housing complexes offered a blend of comfort and convenience, while commercial areas were reimagined to enhance the city's vibrancy. This period was crucial in setting the stage for sustainable growth in the forthcoming years. December 2018: Expansion and Innovation The end of 2018 was characterized by significant expansion and innovation in Las Vegas' property market. New housing developments were launched, aiming to cater to diverse needs and preferences. There was a noticeable shift towards creating more inclusive and community-oriented living spaces. The period was marked by an enthusiasm for exploring novel architectural designs and integrating advanced technologies in building projects. October 2018: Embracing Modernity in Living Spaces In October 2018, the Las Vegas real estate market was characterized by a strong inclination towards modernity in residential and commercial properties. The focus was on designing spaces that not only provided comfort but also embraced technological advancements and modern aesthetics. Innovative housing solutions were introduced, blending traditional living with contemporary designs, catering to a new age of homeowners looking for uniqueness in their living spaces. Mid-2017 to Early 2018: Steady Growth and Diversification This period marked a phase of steady growth and diversification in the Las Vegas real estate market. The city witnessed the rise of multifaceted residential complexes, offering a mix of luxury and affordability. There was a noticeable increase in investments in the suburban areas, driven by a demand for more spacious and family-oriented living solutions. Commercial real estate also saw growth, with new office spaces and retail centers opening up, contributing to the economic dynamism of the city. April 2017: A Surge in High-End Property Developments April 2017 saw a surge in high-end property developments in Las Vegas. This phase was marked by the introduction of several luxury residential projects, aimed at catering to the upscale market segment. These properties boasted state-of-the-art amenities, sophisticated designs, and strategic locations, attracting investors and high-net-worth individuals. The trend highlighted the city's evolving landscape, where luxury and comfort became pivotal in defining real estate offerings. Early to Mid-2016: Focusing on Sustainable Living The first half of 2016 in Las Vegas' real estate sector was highlighted by a focus on sustainable living. Developers and builders concentrated on creating eco-friendly and energy-efficient homes, responding to a growing awareness and demand for sustainability in housing. This period also saw the emergence of green spaces within residential complexes, promoting a healthier and more environmentally conscious lifestyle among residents. 2013 to 2015: Foundational Years of Modernization Between 2013 and 2015, the Las Vegas real estate market underwent foundational changes, setting the stage for future growth. These years were crucial in modernizing the city's real estate landscape, with significant developments in both residential and commercial sectors. The focus was on upgrading old structures and introducing new properties that offered modern amenities and better living standards. This era laid the groundwork for Las Vegas to become a dynamic and forward-thinking real estate hub. This summary covers the key developments in the Las Vegas real estate market from the most recent updates back to 2013. If you need further details or additional summaries of the remaining content, please let me know! For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction. Your Guide to Las Vegas Real Estate Las Vegas' real estate landscape offers a unique blend of modernity, luxury, and sustainability, making it an attractive destination for diverse property needs. This article has walked you through the pivotal moments and shifts in the market, providing a clear picture of its growth and potential. Whether seeking a family home, a luxurious retreat, or a sustainable living space, Las Vegas' real estate market caters to a wide range of preferences and needs. Embrace the opportunities that this dynamic city offers, and consider how its evolving real estate landscape can fit into your property aspirations. Las Vegas Real Estate Update for November 2025 The latest numbers show a market adjusting to higher inventory and slower sales, yet prices continue to rise month-over-month, signaling underlying strength. With the Federal Reserve lowering rates again, affordability should improve and could bring more buyers back into the market. Some items to note: Single-Family Homes: There were 1,538 sales (-6.6% from November 2024) with inventory up 26%, creating a more balanced market. The median price was $488,995, up 1.9% from last year and 3.1% from October—showing continued price resilience. Also, 47% of homes sell within 30 days, slower than last year but still active. Condos and Townhomes: There were 380 sales (-20% from November 2024) with inventory up 40.8%. The median price was $303,750, up 0.8% from last year and a strong 6.6% increase from October. With a slightly slower pace to last year, 43% sell within 30 days. What the Fed’s Rate Cut Means: The recent rate reduction is expected to: Improve buyer affordability and boost purchasing power. Increase market activity heading into early 2026. Support price stability as demand picks up. Overall Big Picture: Even with more inventory and softer sales volume, Las Vegas home prices are rising month-to-month, rental demand remains strong, and long-term fundamentals—population growth, job diversification, and limited land supply—continue to support the market. If you’re considering buying or selling in the new year, now’s the time to plan your move strategically. Rates are expected to improve slightly heading into 2026, which could reignite demand. Let’s talk about how today’s conditions impact your goals—whether it’s moving up, downsizing, or investing! Call us today at (702) 460-2712. Real Estate Market Report - November 2025 MetricSingle-Family UnitsCondo/Townhouse Units Current ValueNovember 2025Growth FromOctober 2025Growth FromNovember 2024Current ValueNovember 2025Growth FromOctober 2025Growth FromNovember 2024 Units Sold No. of Units Sold 1,538 -10.8% -6.6% 380 -22.8% -20.2% Median Price of Units Sold $488,995 +3.1% +1.9% $303,750 +6.6% +0.8% Average Price of Units Sold $618,791 -0.3% +3.2% $311,896 +3.0% -2.4% New Listings No. of New Listings 2,185 -29.0% +2.2% 718 -23.2% -1.5% Median Price of New Listings $504,950 -3.8% -1.0% $280,000 -5.1% -4.8% Average Price of New Listings $741,482 -1.1% +2.9% $312,791 -3.3% -1.3% Availability (Including Offers) No. of Units Available 9,177 -5.8% +18.2% 3,142 -2.0% +29.6% Median Price of Units Available $525,000 -0.9% +0.1% $279,900 -1.8% -3.4% Average Price of Units Available $877,411 +2.2% +2.1% $326,825 -2.2% -7.5% Availability (Excluding Offers) No. of Units Available 7,033 -6.7% +26.3% 2,613 -1.8% +40.8% Median Price of Units Available $545,000 +0.0% +1.4% $279,900 -0.0% -3.1% Average Price of Units Available $928,797 +3.4% +0.2% $331,042 -2.4% -9.3% Effective Months of Availability Months 4.6 +4.6% +35.2% 6.9 +27.2% +76.4% Time on Market for Units Sold 0 - 30 days 47.4% 50.4% 57.9% 43.2% 42.7% 52.9% 31 - 60 days 23.5% 21.3% 21.4% 23.9% 24.8% 25.0% 61 - 90 days 12.0% 12.9% 11.5% 12.9% 12.6% 10.7% 91 - 120 days 8.3% 6.8% 5.2% 8.9% 7.3% 6.3% 121+ days 8.8% 8.5% 4.1% 11.1% 12.6% 5.0% When you need up-to-date advice for your specific neighborhood in the Las Vegas area, there's no one better to call than the local real estate agents at The Robert Little Group. We take pride in helping buyers and sellers just like you have the smoothest real estate experience possible—whether that's finding your dream home or selling for top dollar. Understanding the Las Vegas real estate market is key to making informed property decisions, whether you're a seller, investor, or potential homeowner. We'll equip you with crucial insights into the market dynamics, helping you understand the latest real estate trends. For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

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