2 hours on Rocket
$10,000 Closing Credit¹
#2664392, Robert C. Pistone, Listing Office: Keller Williams VIP
Las Vegas Housing Market Report February 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 February 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
$436,512$256/SqFt
+$31,127
+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 $436,512 in February 2025, up 7.7% from last year, and the median price per square foot was $256.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Las Vegas | $405.3K | $436.5K | +7.7% |
| Clark | $521.8K | $558.1K | +7.0% |
| North Las Vegas | $398.9K | $415K | +4.0% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $200K | $205.3K | +2.7% |
| 22 Bedrooms | $284.5K | $300K | +5.4% |
| 33 Bedrooms | $398K | $420K | +5.5% |
| 44 Bedrooms | $499.9K | $529.9K | +6.0% |
| 55+ Bedrooms | $666.7K | $729.6K | +9.4% |
Summary: Las Vegas housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +2.7%. The home price for 2 bedroom homes increased by +5.4%. The home price for 3 bedroom homes increased by +5.5%. The home price for 4 bedroom homes increased by +6.0%. The home price for 5 bedroom homes increased by +9.4%.
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
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 8,267Last MonthFeb 2025 | ||
| 7,2602 months agoJan 2025 | +13.9 % Change MoMJan – Feb |
Summary: The Las Vegas real estate market had 8,267 homes for sale in Feb 2025, a 13.9 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 1,370Last MonthFeb 2025 | ||
| 1,2972 months agoJan 2025 | +5.6 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 349 | 421 | +20.6% |
| 22 Bedrooms | 1,661 | 1,989 | +19.7% |
| 33 Bedrooms | 2,671 | 2,967 | +11.1% |
| 44 Bedrooms | 1,804 | 2,005 | +11.1% |
| 55+ Bedrooms | 775 | 885 | +14.2% |
Summary: Las Vegas housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +20.6%. The inventory for 2 bedroom homes increased by +19.7%. The inventory for 3 bedroom homes increased by +11.1%. The inventory for 4 bedroom homes increased by +11.1%. The inventory for 5 bedroom homes increased by +14.2%.
Asking Price vs. Sold Price
How much do homes in Las Vegas, NV cost?
Over Asking Price238 Homes
At Asking Price330 Homes
Under Asking Price802 Homes
Insight
If you're buying a home in Las Vegas, you may be able to get a good deal. 58.5% of homes here sold below asking price last month.
Summary: A total of 1,370 homes were sold or pending in Las Vegas in February 2025, up by 5.6% month-over-month. Of the 1370 sold homes, 59% were sold under asking, 24% 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 Days715 Homes
30 – 90 Days426 Homes
Over 90 Days227 Homes
Insight
Many homes in Las Vegas are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 1370 homes were sold in Las Vegas; 52% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 45 DaysThis YearFeb 2025 | ||
| 42 Days1 year agoFeb 2024 | +8.2 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Las Vegas had an average listing age of 45 days in Feb 2025, up by 8.2% compared to the previous year.
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Newest Listings in Las Vegas, NV
What homes are available in Las Vegas, NV?
2 hours on Rocket
$4,144 Closing Credit¹
#2664806, Holly Marquardt, Listing Office: All Vegas Valley Realty
2 hours on RocketVideo tour
$7,232 Closing Credit¹
#2664114, Wilson Walker, Listing Office: More Realty Incorporated
2 hours on Rocket
$5,451 Closing Credit¹
#2664767, Angel D. Martinez, Listing Office: BHHS Nevada Properties
2 hours on Rocket
$6,864 Closing Credit¹
#2664298, Russell B. Haver, Listing Office: Signature Real Estate Group
2 hours on Rocket
$6,739 Closing Credit¹
#2664709, James Sharp, Listing Office: SimpliHOM
2 hours on Rocket
$5,344 Closing Credit¹
#2664801, John J. McNamara III, Listing Office: Virtue Real Estate Group
2 hours on Rocket
$10,000 Closing Credit¹
#2664506, Tracy A. Drown, Listing Office: RE/MAX Advantage
3 hours on Rocket
$9,203 Closing Credit¹
#2664049, Genesis Jameson, Listing Office: Keller Williams Realty Las Veg
3 hours on Rocket
$6,294 Closing Credit¹
#2664775, Olga Tindera, Listing Office: Real Estate One LLC
3 hours on Rocket
$7,422 Closing Credit¹
#2664696, Traci A. Human, Listing Office: Keller Williams Realty Las Veg
3 hours on Rocket
$5,936 Closing Credit¹
#2664780, Corey Baird, Listing Office: The Baird Group, LLC
Nearby markets
Popular Cities with Homes for Sale in Nevada
MLS Disclaimers and Copyright
Based on information from Greater Las Vegas MLS, and Big Sky Country MLS for the period 03/01/2023 - 03/01/2025
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: 3/12/2025, 8:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Gallatin Association of Realtors/Big Sky Country 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: 3/12/2025, 8:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.