Las Vegas Real Estate Market Update: January 22nd

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, understanding the latest trends can give you a real advantage as we move deeper into the year. So, what happened in Vegas this past week? Let’s break down the numbers, the shifts, and what it all means for you moving forward.

Key Market Insights This Week

Before we get into the details, here are the major highlights from this week’s market activity:

• 99% of List Price Received – Sellers are still achieving strong pricing with very little discounting.
• 55 Days on Market – Homes are taking longer to sell, giving buyers more time to evaluate options.
• 18 Weeks of Supply – Inventory remains balanced, keeping the market competitive but stable.
• 605 New Listings – Seller activity remains strong across the valley.
• 6,060 Active Listings – Buyers continue to have solid inventory to choose from.
• 320 Homes Sold This Week – Sales volume held steady.
• 502 Homes Under Contract – A very active pipeline pointing toward continued momentum.
• $565,256 Average Weekly Sales Price – Prices remain stable overall.
• $4,012,263 Highest Sale This Week – Luxury continues to make headlines.

Home Prices: Are They Rising or Falling?

Las Vegas home prices held steady this week, with an average sales price of $565,256. While we didn’t see a dramatic spike, this stability is a positive sign—it suggests buyers and sellers are finding common ground.

Are prices rising across the board? Not exactly. What we’re seeing is consistency. Well-priced, move-in-ready homes are still selling efficiently, while overpriced properties are experiencing longer days on market. Pricing strategy continues to matter more than ever.

Days on Market: How Fast Are Homes Selling?

Homes spent an average of 55 days on the market this week, reinforcing the shift away from the ultra-fast pace of recent years.

For buyers, this creates breathing room—time to compare homes, negotiate terms, and avoid rushed decisions. For sellers, it highlights the importance of first impressions. Homes that are priced correctly and marketed well are still attracting attention early, while others may sit longer than expected.

Inventory Levels: Are There Enough Homes for Buyers?

The market added 605 new listings this week, bringing total active inventory to 6,060 homes. That’s a healthy amount of selection for buyers across nearly every price point.

With 18 weeks of supply, the market remains balanced. Buyers have choices, but competition hasn’t disappeared—especially for homes in desirable neighborhoods or those that are well-updated and priced correctly.

Sales Volume: How Many Homes Are Changing Hands?

This week saw 320 homes sold, a solid performance for late January.

Even more telling, 502 homes went under contract. That strong contract activity suggests continued movement in the coming weeks and reflects buyer confidence heading into February.

How This Week Compares to Last Year

Market Trends Year Over Year

While exact year-over-year figures aren’t included in this snapshot, the overall story is clear. Inventory levels are healthier, pricing is more realistic, and buyer behavior is more intentional than in previous years.

Rather than the extremes of boom-or-bust cycles, today’s market feels more balanced—driven by strategy, preparation, and informed decision-making.

The Role of Interest Rates in the Market

Interest rates continue to influence how deals are structured, but they’re no longer stopping transactions altogether. Buyers and sellers are adapting through seller credits, rate buydowns, and creative negotiations.

Instead of freezing the market, rates are simply changing the way deals come together.

What This Means for Buyers and Sellers

Advice for Buyers: Navigating the Market

• Use the longer days on market to negotiate favorable terms.
• Move quickly on well-priced homes—they’re still attracting competition.
• Focus on long-term value, not short-term headlines.

Advice for Sellers: Maximizing Your Sale

• Price your home correctly from day one to avoid extended time on market.
• Invest in presentation—staging, curb appeal, and professional photos matter.
• Work with an experienced agent who understands today’s more strategic buyers.

Spotlight on Las Vegas Neighborhoods

Most Popular Areas for Buyers

• Summerlin – Consistently strong demand driven by lifestyle and amenities.
• Henderson – A blend of luxury and livability appealing to many buyers.
• Southwest Las Vegas – Modern homes and convenience continue to attract interest.

Hidden Gems for Great Deals

• North Las Vegas – Ongoing growth and relative affordability.
• Downtown Las Vegas – Revitalized neighborhoods offering walkability and urban energy.

Market Predictions: What Lies Ahead

Home Prices: Stability or Growth?

With inventory balanced and buyer activity strong, prices are expected to remain stable with selective growth—particularly in desirable neighborhoods like Summerlin and Henderson.

Inventory Projections for the Coming Months

As we approach spring, inventory may tighten slightly, increasing competition. Buyers who are prepared may benefit from acting sooner rather than waiting.

Conclusion

The Las Vegas real estate market showed steady strength this week. Pricing remained consistent, inventory stayed balanced, and buyer activity—especially under contract—was strong. Whether you’re buying, selling, or investing, opportunities exist for those who stay informed and act strategically.

Thinking of buying or selling? Contact The Brendan King Group @ REAL for expert advice and personalized service.

FAQs

Is it a buyer’s or seller’s market right now?
The market is balanced, giving both buyers and sellers solid opportunities.

Will home prices drop in Las Vegas?
Prices appear stable, with potential growth in high-demand neighborhoods.

How long do homes take to sell in Las Vegas?
Homes are currently selling in about 55 days on average.

Should I sell my home now or wait?
Now is a good time to sell if your home is priced correctly and well-presented.

What are the top neighborhoods to buy a home in Las Vegas?
Summerlin, Henderson, Southwest Las Vegas, and Downtown Las Vegas remain highly desirable.

Luxury Market Spotlight: $4.01M Sale of the Week

The luxury market remained active this week, highlighted by a $4,012,263 sale.

Homes priced over $1M averaged a sales price of $1,707,861, with properties spending about 72 days on the market. Luxury buyers continue to be patient and selective, prioritizing lifestyle, privacy, and long-term value.

Luxury market snapshot this week:
• 1,069 active luxury listings
• 91 newly listed
• 20 sold
• 55 under contract

This level of activity confirms that high-end buyers remain engaged. To explore luxury trends and listings, visit www.bkgluxury.com.