New - 42 minutes on Rocket
$4,750 Closing Credit¹
#2657832, Jessica L. Beyer, Listing Office: Precision Realty
Las Vegas Housing Market Report January 2025•Clark County, Nevada
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?
Seller'sMarket
Buyer'sMarket
Las Vegas is a Neutral Market
Difference Since January 2024
At the same time last year, Las Vegas was a Seller's Market.
Insight
Las Vegas is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$435,097$255/SqFt
+$31,291
+7.7%
Based on all homes sold in the last 12 months
Insight
Homes in Las Vegas have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Las Vegas was $435,097 in January 2025, up 7.7% from last year, and the median price per square foot was $255.
Median Sold Price By Cities
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Las Vegas | $403.8K | $435K | +7.7% |
| Clark | $515.3K | $552.1K | +7.1% |
| North Las Vegas | $395K | $415K | +5.1% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $199.8K | $207K | +3.6% |
| 22 Bedrooms | $284.2K | $298.9K | +5.2% |
| 33 Bedrooms | $395K | $420K | +6.3% |
| 44 Bedrooms | $495.6K | $529.9K | +6.9% |
| 55+ Bedrooms | $659.3K | $717.9K | +8.9% |
Summary: Las Vegas housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +3.6%. The home price for 2 bedroom homes increased by +5.2%. The home price for 3 bedroom homes increased by +6.3%. The home price for 4 bedroom homes increased by +6.9%. The home price for 5 bedroom homes increased by +8.9%.
Housing supply in Las Vegas, NV
How many homes are available in Las Vegas, NV?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 7,828Last MonthJan 2025 | ||
| 6,6702 months agoDec 2024 | +17.4 % Change MoMDec – Jan |
Summary: The Las Vegas real estate market had 7,828 homes for sale in Jan 2025, a 17.4 % increase compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 1,243Last MonthJan 2025 | ||
| 1,4022 months agoDec 2024 | -11.3 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 307 | 382 | +24.4% |
| 22 Bedrooms | 1,490 | 1,810 | +21.5% |
| 33 Bedrooms | 2,499 | 2,862 | +14.5% |
| 44 Bedrooms | 1,651 | 1,926 | +16.7% |
| 55+ Bedrooms | 723 | 848 | +17.3% |
Summary: Las Vegas housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +24.4%. The inventory for 2 bedroom homes increased by +21.5%. The inventory for 3 bedroom homes increased by +14.5%. The inventory for 4 bedroom homes increased by +16.7%. The inventory for 5 bedroom homes increased by +17.3%.
Asking Price vs. Sold Price
How much do homes in Las Vegas, NV cost?
Over Asking Price186 Homes
At Asking Price292 Homes
Under Asking Price765 Homes
Insight
If you're buying a home in Las Vegas, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 1,243 homes were sold or pending in Las Vegas in January 2025, down by 11.3% month-over-month. Of the 1243 sold homes, 62% were sold under asking, 23% were sold at asking, and and 15% 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 Days564 Homes
30 – 90 Days487 Homes
Over 90 Days191 Homes
Insight
Many homes in Las Vegas are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 1243 homes were sold in Las Vegas; 45% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 48 DaysThis YearJan 2025 | ||
| 40 Days1 year agoJan 2024 | +18.7 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Las Vegas had an average listing age of 48 days in Jan 2025, up by 18.7% compared to the previous year.
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Newest Listings in Las Vegas, NV
What homes are available in Las Vegas, NV?
New - 49 minutes on Rocket
$10,000 Closing Credit¹
#2657701, Derek Eisenberg, Listing Office: Continental Real Estate Group
New - 49 minutes on Rocket
$10,000 Closing Credit¹
#2654234, Kaori Nagao-Chiti, Listing Office: Las Vegas Sotheby's Int'l
New - 1 hour on Rocket
$6,234 Closing Credit¹
#2657511, Onairam Valdivieso, Listing Office: DH Capital Realty
New - 1 hour on Rocket
$3,266 Closing Credit¹
#2657474, Diamond Rivas, Listing Office: Keller Williams VIP
New - 1 hour on Rocket
$8,669 Closing Credit¹
#2657631, Celina Ann D. Go, Listing Office: Luxury Estates International
New - 1 hour on Rocket
$3,111 Closing Credit¹
#2657800, Martin Reyna, Listing Office: United Realty Group
New - 1 hour on Rocket
$9,308 Closing Credit¹
#2657781, Frank J. Gargano, Listing Office: Real Estate Consultants of Nv
New - 1 hour on Rocket3D tour
$4,382 Closing Credit¹
#2657602, Lauren Paris, Listing Office: Simply Vegas
New - 1 hour on Rocket
$5,344 Closing Credit¹
#2657354, Nathan Elser, Listing Office: Viking REI
New - 2 hours on Rocket
$3,179 Closing Credit¹
#2657245, Bryan Llorente, Listing Office: Galindo Group Real Estate
New - 2 hours on Rocket
$6,411 Closing Credit¹
#2657361, Craig Tann, Listing Office: Huntington & Ellis, A Real Est
Nearby markets
Popular Cities with Homes for Sale in Nevada
MLS Disclaimers and Copyright
Based on information from Greater Las Vegas MLS, for the period 02/01/2023 - 02/01/2025
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: 2/20/2025, 5:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.