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The Strip Housing Market Report June 2025Clark County, Nevada

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Housing Prices in The Strip, NV

How much do homes in The Strip, NV cost?

Housing Market Conditions

Is The Strip, 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

The Strip is a Buyer's Market

Difference Since June 2024

At the same time last year, The Strip was a Seller's Market.

Insight

The Strip is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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.
$422,500$487/SqFt
-$3,000
-0.7%

Based on all homes sold in the last 12 months

Insight

Homes in The Strip have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in The Strip was $422,500 in June 2025, down 0.7% from last year, and the median price per square foot was $487.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
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
The Strip
-0.7%
The Signature at MGM Grand
-4.5%
Mandarin Oriental Residences
-19.4%

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.
BedsJun 2024Jun 2025Change YoY
1$412.5K$397.5K
-3.6%
2$822.8K$675K
-18.0%
3$2.3M$1.9M
-17.3%
4--
N/A
5--
N/A

Summary: The Strip housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -3.6%. The home price for 2 bedroom homes decreased by -18.0%. The home price for 3 bedroom homes decreased by -17.3%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does The Strip, NV compare with other places?

Market comparison tool

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

The Strip, NV

Housing supply in The Strip, NV

How many homes are available in The Strip, 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
139Last MonthJun 2025
1112 months agoMay 2025
+25.2 %
Change MoMMay – Jun

Summary: The The Strip real estate market had 139 homes for sale in Jun 2025, a 25.2 % increase compared to May 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
10Last MonthJun 2025
82 months agoMay 2025
+25.0 %
Change MoMMay – Jun

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.
BedsMay 2025Jun 2025Change MoM
181100
+23.5%
22936
+24.1%
313
+200.0%
400
0.0%
500
0.0%

Summary: The Strip housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +23.5%. The inventory for 2 bedroom homes increased by +24.1%. The inventory for 3 bedroom homes increased by +200.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in The Strip, 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 Price1 Home

At Asking Price2 Homes

Under Asking Price7 Homes

Insight

If you're buying a home in The Strip, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in The Strip in June 2025, up by 25.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and and 10% were sold over asking.

Days on Market for The Strip, NV

How long does it take to sell a home in The Strip, NV?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days4 Homes

Over 90 Days2 Homes

Insight

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

Summary: During June 2025, 10 homes were sold in The Strip; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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
46 DaysThis YearJun 2025
32 Days1 year agoJun 2024
+42.6 %
Change YoYJun 2024 – Jun 2025

Summary: Homes in The Strip had an average listing age of 46 days in Jun 2025, up by 42.6% compared to the previous year.

Newest Listings in The Strip, NV

What homes are available in The Strip, NV?

MLS Disclaimers and Copyright

Based on information from Greater Las Vegas MLS, for the period 07/01/2023 - 07/01/2025

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: 7/24/2025, 11:45:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.