June 9, 2025

Las Vegas Real Estate Market Update: May 29th – June 4th, 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.

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:

97% of List Price Received – Sellers are receiving nearly full price for their homes.
36 Days on Market – Homes are moving quickly but not rushed—great for both buyers and sellers.
14 Weeks of Supply – An increasingly balanced market with more room to negotiate.
676 New Listings – Fresh opportunities for buyers just hitting the market.
6,522 Active Listings – A wide selection of properties across all price points.
477 Homes Sold This Week – Solid sales volume showing strong buyer activity.
465 Homes Under Contract – Momentum continues as deals keep coming together.
$620,871 Average Weekly Sales Price – A healthy average price for the Vegas metro.
$8,500,000 Highest Sale This Week – Luxury continues to thrive with record-breaking closings.

Home Prices: Are They Rising or Falling?

Las Vegas home prices averaged $620,871 this week, which is up from recent weeks. This signals stability with a hint of upward pressure in certain desirable pockets of the city.

Will they keep rising? It depends on inventory and buyer demand. While prices aren’t skyrocketing, move-in-ready homes in top neighborhoods are still commanding premium prices.

Days on Market: How Fast Are Homes Selling?

The average days on market this week was 36 days. That means homes are still moving briskly, especially those that are priced right and well-presented.

If you're buying, act with intention—waiting too long might cost you that dream home. For sellers, it means your listing needs to make an impact from day one.

Inventory Levels: Are There Enough Homes for Buyers?

With 676 new listings and 6,522 active listings total, inventory is steadily growing. We’re now seeing 14 weeks of supply, giving buyers more choices than they’ve had in over a year.

This is great news for anyone house hunting—less competition, more leverage, and time to find the perfect fit.

Sales Volume: How Many Homes Are Changing Hands?

477 homes sold this week across Las Vegas, with another 465 going under contract. That’s a strong indicator that the market is moving steadily, even as we approach the busy summer season.

Buyers are acting, and sellers are pricing strategically. The pace is healthy and shows confidence across the board.

How This Week Compares to Last Year

Market Trends Year Over Year

Active Listings: 6,522 (this year) vs. 5,235 (last year)
Homes Sold: 477 vs. 421
Under Contract: 465 vs. 440

These numbers show more available inventory but also slightly more buyer activity—a sign of a healthy, balanced market.

The Role of Interest Rates in the Market

Higher rates remain a reality, but buyers are adjusting. Many are using creative financing like buydowns or ARMs to secure their dream homes without waiting on rate cuts.

What This Means for Buyers and Sellers

Advice for Buyers: Navigating the Market

You’ve got more options now—use it to your advantage!
Don’t rush, but don’t wait too long either—great homes still move fast.
Talk to your lender early and get pre-approved to strengthen your offer.

Advice for Sellers: Maximizing Your Sale

Price your home based on current comps—not peak pandemic numbers.
Make your home shine: clean, stage, and photograph it well.
A strong marketing plan and professional agent are more important than ever.

Spotlight on Las Vegas Neighborhoods

Most Popular Areas for Buyers

Summerlin – Still a top pick for families and luxury buyers alike.
Henderson – A mix of great schools, modern developments, and community feel.
Southwest Las Vegas – Rapid growth and convenience make it a hot zone.

Hidden Gems for Great Deals

North Las Vegas – New construction and more affordability.
Downtown Las Vegas – Urban lifestyle meets historic charm.

Market Predictions: What Lies Ahead

Home Prices: Stability or Growth?

Experts forecast stable prices, with modest appreciation in desirable neighborhoods. Expect flat-to-slightly-up pricing over the next quarter.

Inventory Projections for the Coming Months

Inventory should remain on an upward trend. This gives buyers more confidence while encouraging sellers to be more competitive.

Conclusion

The Las Vegas real estate market remains solid and balanced, offering something for both buyers and sellers. With increasing inventory, stable prices, and strong buyer activity, the conditions are ideal for making a move—whether you're upgrading, downsizing, or just getting started.

Thinking of buying or selling? Contact The Brendan King Group @ REAL for expert advice and personalized guidance you can trust.

FAQs

1. Is it a buyer’s or seller’s market right now?
It’s a balanced market, leaning slightly in favor of buyers due to rising inventory.

2. Are homes still selling fast in Vegas?
Yes—on average, homes are selling in 36 days. Well-priced homes can sell even faster.

3. What’s happening with luxury homes?
The luxury segment is strong, with homes over $1M selling quickly and attracting steady interest.

4. Should I wait for rates to drop before buying?
Not necessarily. Many buyers are finding creative ways to manage rates now and refinancing later.

5. Where can I find the best value right now?
North Las Vegas and Downtown Las Vegas offer great homes at competitive prices, while Henderson and Summerlin continue to lead in value retention.

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

Luxury Market Spotlight: $8.5M Sale of the Week

The luxury market continues to shine. The most expensive home sold this week reached $8,500,000, and homes over $1M averaged $1,904,224 in sales price.

Luxury homes spent just 38 days on market, proving high-end buyers are active and decisive. Current luxury market snapshot: