Las Vegas Real Estate Market Update: October 30th – November 5th, 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, understanding what’s happening week-to-week can give you a powerful edge.

So, what went down in Vegas from October 30th to November 5th? The numbers tell a story of balance — steady prices, healthy activity, and continued luxury momentum. Let’s break it all down.

Key Market Insights This Week

Before we dive into the trends, here’s your 7-day snapshot at a glance:

• 97% of List Price Received – Sellers are getting close to their asking price.
• 45 Average Days on Market – Homes are selling at a steady pace.
• 18 Weeks of Supply – A balanced market leaning toward buyer opportunity.
• 584 New Listings – More homes hitting the market for fresh buyer choices.
• 7,173 Active Listings – A solid pool of available homes across the valley.
• 366 Homes Sold This Week – Consistent sales showing strong activity.
• 387 Homes Under Contract – Buyers are confident and continuing to write offers.
• $642,637 Average Weekly Sales Price – Reflecting a stable mid-range price point.
• $8,379,090 Highest Sale This Week – The luxury segment continues to shine bright.

These numbers suggest a steady, healthy market—neither racing ahead nor slowing down.

Home Prices: Are They Rising or Falling?

Overall Market Stability

This week’s average sales price of $642,637 indicates stability across the market. Homes priced correctly continue to move, and sellers are receiving nearly full price. That tells us buyers are still motivated — but value and presentation are everything.

While prices have flattened compared to last year’s highs, there’s no sign of a crash. Instead, we’re seeing a sustainable, post-frenzy normalization.

Luxury Segment Performance

In the luxury market (homes over $1 million), the average sales price hit $2,226,754, with properties spending an average of 56 days on the market. The luxury sector continues to attract buyers seeking space, design, and exclusivity — but at a more deliberate pace.

High-end buyers are taking their time, comparing quality and value, while sellers who stage beautifully and price realistically are the ones closing deals.

Days on Market: How Fast Are Homes Selling?

Homes averaged 45 days on the market this week. That’s longer than during the boom years but still solid for a balanced market.

For buyers, this means time to think and negotiate — no more pressure cooker offers within hours.

For sellers, it’s a reminder to price strategically and make a strong first impression. Homes that linger past 45 days often signal overpricing or lack of presentation.

A simple rule: if your home isn’t seeing traffic in the first two weeks, it’s time to review your pricing or marketing strategy.

Inventory Levels: Are There Enough Homes for Buyers?

Inventory remains healthy and growing, with 584 new listings this week and 7,173 active listings total. The market is sitting on about 18 weeks of supply, signaling balance — not shortage, not surplus.

For buyers, that’s great news. More homes to choose from means more room to negotiate and less bidding-war stress.

For sellers, it’s a competitive environment. Your home needs to stand out through presentation, pricing, and marketing excellence.

Sales Volume: How Many Homes Are Changing Hands?

A total of 366 homes sold this week, with another 387 going under contract — a strong indicator that buyer activity remains steady despite seasonal shifts.

The number of under-contract homes actually outpaces closings, which means more deals are in the pipeline. That’s a sign of ongoing confidence in the Las Vegas housing market as we move deeper into Q4.

How This Week Compares to Last Year

Year-over-year, the market shows healthier balance than the ultra-competitive conditions of 2024.

• Active Listings: 7,173 vs ~6,100 last year
• Homes Sold: 366 vs ~340 last year
• Under Contract: 387 vs ~360 last year

Inventory has grown, but so has buyer participation — a good sign that demand hasn’t dried up even with higher mortgage rates.

This reflects a mature, sustainable market rather than a speculative one.

The Role of Interest Rates in the Market

Higher mortgage rates continue to shape buyer behavior. Many buyers are using rate buydowns, adjustable-rate mortgages (ARMs), or seller credits to offset costs.

While interest rates remain above pandemic lows, their stabilization in the 6–7% range is giving buyers confidence to re-enter the market.

Sellers willing to offer creative financing incentives — like temporary buydowns or closing cost assistance — are seeing faster, stronger offers.

What This Means for Buyers and Sellers

Advice for Buyers

• Take advantage of choice. With over 7,000 active listings, you can be selective.
• Negotiate smartly. Most sellers are open to closing help or concessions.
• Move decisively on well-priced homes — they still sell quickly.

Advice for Sellers

• Price competitively. The first two weeks are critical; don’t test the market too high.
• Invest in visuals. Staging, professional photos, and video tours make a huge impact.
• Be flexible. Consider incentives like rate buydowns to attract more buyers.

The sellers who win in 2025 are the ones who understand how to compete in a balanced market — not the ones waiting for 2021 conditions to return.

Spotlight on Las Vegas Neighborhoods

Most Popular Areas for Buyers

• Summerlin – Family-friendly, master-planned perfection with scenic views and luxury communities.
• Henderson – A lifestyle city offering everything from golf-course living to affordable neighborhoods.
• Southwest Las Vegas – Fast-growing and filled with new-build homes and modern amenities.

Hidden Gems for Great Deals

• North Las Vegas – Rising developments and new-construction value.
• Downtown Las Vegas – Urban energy, revitalized living, and strong investment potential.

Each of these areas tells part of the larger Las Vegas story: growth, diversity, and opportunity — no matter your budget or goals.

Market Predictions: What Lies Ahead

Home Prices: Stability with Pockets of Growth

Experts predict home prices will stay steady for the remainder of 2025, with slight increases in high-demand neighborhoods like Summerlin and Henderson.

Instead of dramatic spikes, expect sustainable appreciation — a healthier sign for long-term market stability.

Inventory Projections

Inventory is expected to increase modestly, giving buyers even more selection. But a continued inflow of new residents to Southern Nevada will likely keep the market balanced overall.

For sellers, that means competition will stay steady — marketing strategy and property presentation will continue to matter more than ever.

Conclusion

The Las Vegas real estate market for October 30th – November 5th, 2025 paints a clear picture: balance.

Sellers are still closing strong deals, and buyers are finding room to negotiate — a win-win scenario for everyone involved.

Luxury continues to perform, mid-range homes are holding value, and increased inventory is bringing fresh opportunities to the table.

Whether you’re looking to buy, sell, or invest, now’s the time to plan strategically. Stay informed, stay realistic, and work with professionals who understand the nuances of today’s Vegas market.

📞 Thinking about making a move?
Contact The Brendan King Group @ REAL for expert guidance, data-driven insights, and personalized strategies that help you win in any market.

FAQs

1. Is it a buyer’s or seller’s market right now in Las Vegas?
It’s currently a balanced market — offering fair opportunities for both sides, though buyers have slightly more leverage due to higher inventory.

2. Will home prices drop soon?
No significant drops are expected. Prices remain stable, with minor shifts depending on neighborhood and property condition.

3. How long does it take to sell a home in Las Vegas?
On average, about 45 days — though well-priced, well-presented homes can sell faster.

4. Should I sell my home now or wait until 2026?
Now is a great time if you’re realistic about pricing. Waiting may mean more competition as inventory grows.

5. What are the best neighborhoods to buy in 2025?
Summerlin, Henderson, and Southwest Las Vegas lead in demand, while North Las Vegas and Downtown offer great value and future growth potential.

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

Luxury Market Spotlight

When it comes to luxury, Las Vegas continues to impress.

Top Sale of the Week

The most expensive home sold this week reached a stunning $8,379,090, showcasing that high-net-worth buyers remain active in the city’s luxury enclaves — particularly in communities like The Ridges, MacDonald Highlands, and Ascaya.

Luxury Market by the Numbers

• Active Listings: 1,274
• Newly Listed: 66
• Sold: 29
• Under Contract: 30
• Average Sales Price: $2,226,754
• Average Days on Market: 56

While homes in this segment may take longer to sell, luxury remains one of the strongest performers in Las Vegas real estate, fueled by out-of-state relocations and affluent buyers chasing lifestyle and privacy.

‍

To receive the Market Updates weekly

Text: Market To: 702-553-1955

‍

Brendan King S.0171492

‍

The Brendan King Group

Office: 702-625-3457

Email: info@kingvegashomes.com

Website: https://www.kingvegashomes.com/

‍

Real Broker, LLC

7997 W. Sahara Ave. #101 Las Vegas, NV 89117

‍

Instagram: @brendankinggroup

Facebook: https://www.facebook.com/kingvegashomes

LinkedIn: https://www.linkedin.com/in/kingvegashomes

Twitter: @kingvegashomes

‍

Summerlin Home Search https://bit.ly/3dr5Ian

New Home Site: https://www.showingnew.com/kingvegashomes