Las Vegas Housing Market Report April 2025Clark County, Nevada

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Housing Prices in Las Vegas, NV

How much do homes in Las Vegas, NV cost?

Housing Market Conditions

Is Las Vegas, NV a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Las Vegas is a Seller's Market

Difference Since April 2024

Since last year, Las Vegas has remained a Seller's Market.

Insight

Las Vegas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$439,944$257/SqFt
+$27,380
+6.6%

Based on all homes sold in the last 12 months

Insight

Homes in Las Vegas have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Las Vegas was $439,944 in April 2025, up 6.6% from last year, and the median price per square foot was $257.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Las Vegas
+6.6%
Clark
+6.0%
North Las Vegas
+4.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2024Apr 2025Change YoY
1$200.4K$208.5K
+4.1%
2$287K$306.7K
+6.9%
3$400.1K$420.1K
+5.0%
4$509.9K$537.6K
+5.4%
5$685.8K$725.1K
+5.7%

Summary: Las Vegas housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes increased by +4.1%. The home price for 2 bedroom homes increased by +6.9%. The home price for 3 bedroom homes increased by +5.0%. The home price for 4 bedroom homes increased by +5.4%. The home price for 5 bedroom homes increased by +5.7%.

How does Las Vegas, NV compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Las Vegas, NV

Housing supply in Las Vegas, NV

How many homes are available in Las Vegas, NV?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
9,509Last MonthApr 2025
8,2992 months agoMar 2025
+14.6 %
Change MoMMar – Apr

Summary: The Las Vegas real estate market had 9,509 homes for sale in Apr 2025, a 14.6 % increase compared to Mar 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
1,700Last MonthApr 2025
1,6992 months agoMar 2025
0.1 %
Change MoMMar – Apr

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMar 2025Apr 2025Change MoM
1416472
+13.5%
21,9462,216
+13.9%
33,0643,426
+11.8%
41,9732,333
+18.2%
59001,062
+18.0%

Summary: Las Vegas housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +13.5%. The inventory for 2 bedroom homes increased by +13.9%. The inventory for 3 bedroom homes increased by +11.8%. The inventory for 4 bedroom homes increased by +18.2%. The inventory for 5 bedroom homes increased by +18.0%.

Asking Price vs. Sold Price

How much do homes in Las Vegas, NV cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price287 Homes

At Asking Price461 Homes

Under Asking Price952 Homes

Insight

If you're buying a home in Las Vegas, you may be able to get a good deal. 56% of homes here sold below asking price last month.

Summary: A total of 1,700 homes were sold or pending in Las Vegas in April 2025, up by 0.1% month-over-month. Of the 1700 sold homes, 56% were sold under asking, 27% were sold at asking, and and 17% were sold over asking.

Days on Market for Las Vegas, NV

How long does it take to sell a home in Las Vegas, NV?

Breakdown of Home Sale Times

Under 30 Days999 Homes

30 – 90 Days498 Homes

Over 90 Days202 Homes

Insight

Many homes in Las Vegas are selling fast, if you're buying plan to act quickly.

Summary: During April 2025, 1700 homes were sold in Las Vegas; 59% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
39 DaysThis YearApr 2025
31 Days1 year agoApr 2024
+27.4 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in Las Vegas had an average listing age of 39 days in Apr 2025, up by 27.4% compared to the previous year.

Newest Listings in Las Vegas, NV

What homes are available in Las Vegas, NV?

MLS Disclaimers and Copyright

Based on information from Greater Las Vegas MLS, for the period 05/01/2023 - 05/01/2025

IDX Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. GLVAR MLS deems information reliable but not guaranteed.

Copyright 2025 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2025, 9:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.