September 1, 2025

Las Vegas Real Estate Market Update: August 20th – August 27th, 2025

If you're keeping an eye on the Las Vegas real estate market, this update is for you! Whether you're buying, selling, or investing, knowing the latest trends can give you an edge. So, what’s been happening in Vegas this past week? Buckle up—we’re diving deep into the numbers, trends, and what it all means for you.

Key Market Insights This Week

Before we get into the nitty-gritty, let’s highlight some major takeaways from this week’s market activity:

98% of List Price Received – Sellers are securing close to their asking prices.
41 Days on Market – Homes are selling at a steady pace, but buyers have some breathing room.
17 Weeks of Supply – Inventory is healthy, leaning toward a buyer-friendly market.
575 New Listings – Plenty of fresh opportunities hitting the market.
6,949 Active Listings – A wide selection for buyers across price points.
401 Homes Sold This Week – Strong activity with consistent closings.
400 Homes Under Contract – Nearly equal to sales, showing steady buyer demand.
$602,043 Average Weekly Sales Price – Prices remain stable across the city.
$5,950,000 Highest Sale This Week – Luxury properties continue to lead the market.

Home Prices: Are They Rising or Falling?

Las Vegas home prices averaged $602,043 this week, showing stability in the overall market. While demand remains consistent, the large pool of available homes means buyers can be selective. Well-maintained homes priced competitively are still getting strong offers, while overpriced properties risk sitting on the market longer.

Days on Market: How Fast Are Homes Selling?

On average, homes spent 41 days on the market this week. That’s enough time for buyers to weigh their options without rushing.

For sellers, this reinforces the importance of realistic pricing. Homes that start too high often linger, forcing price cuts later on.

Inventory Levels: Are There Enough Homes for Buyers?

The Las Vegas market saw 575 new listings this week, bringing the total to 6,949 active listings. With 17 weeks of supply, buyers have plenty of choices.

This creates opportunities for buyers to negotiate favorable terms, while sellers must focus on presentation and value to stand out in a crowded market.

Sales Volume: How Many Homes Are Changing Hands?

This week saw 401 homes sold, paired with 400 homes under contract. This balance indicates healthy momentum—buyers are still active, and sellers are finding success when they price right.

How This Week Compares to Last Year

Market Trends Year Over Year

Here’s how the Las Vegas real estate market stacks up compared to the same week last year:

Active Listings: 6,949 vs. ~6,100 last year (slightly higher supply now).
Homes Sold: 401 vs. 378 last year (a modest increase in sales).
Under Contract: 400 vs. 390 last year (steady demand).

This shows that the market has become more balanced year-over-year, with both buyers and sellers benefiting.

The Role of Interest Rates in the Market

Interest rates remain a key factor influencing decisions. While higher rates continue to challenge affordability, creative financing options like rate buydowns and ARMs are keeping transactions flowing.

What This Means for Buyers and Sellers

Advice for Buyers: Navigating the Market

Use the inventory to your advantage—don’t be afraid to negotiate.
Take your time; homes are spending 41 days on average before selling.
Focus on competitively priced homes to avoid bidding wars.

Advice for Sellers: Maximizing Your Sale

Price your home correctly from day one—buyers are savvy and won’t overpay.
Invest in staging, curb appeal, and high-quality listing photos.
Work with an experienced agent to position your home strategically in a crowded market.

Spotlight on Las Vegas Neighborhoods

Most Popular Areas for Buyers

Summerlin – Luxury living and master-planned communities.
Henderson – A mix of affordability, family-friendly neighborhoods, and upscale properties.
Southwest Las Vegas – Rapidly developing with modern homes and easy access to the Strip.

Hidden Gems for Great Deals

North Las Vegas – More affordable options with strong new construction growth.
Downtown Las Vegas – A revitalized urban lifestyle hub with walkable amenities.

Market Predictions: What Lies Ahead

Home Prices: Stability or Growth?

Analysts expect home prices to remain stable, with slight appreciation in high-demand neighborhoods like Summerlin and Henderson.

Inventory Projections for the Coming Months

Inventory is projected to grow gradually, which will continue giving buyers choices and encourage sellers to keep pricing realistic.

Conclusion

The Las Vegas real estate market from August 20th – August 27th, 2025 shows stability and balance. With homes selling for an average of $602K, sellers receiving 98% of list price, and nearly 7,000 active listings, both buyers and sellers have opportunities.

Luxury homes remain a strong segment, with this week’s top sale at $5.95M. Whether you’re a buyer or seller, staying informed and strategic is the best way to succeed in today’s market.

Thinking of buying or selling? Contact The Brendan King Group @ REAL today for expert guidance tailored to your goals.

FAQs

1. Is Las Vegas currently a buyer’s or seller’s market?
It’s leaning toward a buyer-friendly market with 17 weeks of supply, but still balanced overall.

2. What’s the average time to sell a home right now?
On average, homes are selling in 41 days.

3. Are luxury homes still moving in Las Vegas?
Yes, the luxury market remains active, with homes over $1M averaging $1.9M this week.

4. What percentage of asking price are sellers getting?
Sellers are securing about 98% of their asking price.

5. Should I wait to buy a home in Las Vegas?
Not necessarily—today’s inventory gives buyers strong options and negotiating power.

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AREYOU LOOKING FOR A HOME OVER $1,000,000 CHECK OUT OUR LUXURY DIVISION WWW.BKGLUXURY.COM

Luxury Market Spotlight: $5.95M Sale of the Week

The luxury sector continues to dominate headlines. The highest sale this week was a $5,950,000 estate, highlighting the ongoing demand for exclusive properties.

In the $1M+ category: