September 29, 2025

Las Vegas Real Estate Market Update: September 18th – September 24th, 2025

Here is what happened in the Las Vegas Real Estate Market for the week of September 18th – September 24th with Brendan from The Brendan King Group @ REAL.

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, having the latest insights can give you an advantage. So, what’s been happening in Vegas this past week? Let’s dive into the numbers, trends, and what they mean for you.

Key Market Insights This Week

Before we break down the details, here are the highlights from September 18th – 24th:

98% of List Price Received – Sellers are getting close to asking price.
45 Days on Market – Homes are selling steadily with moderate buyer activity.
18 Weeks of Supply – Leaning toward a buyer-friendly environment.
612 New Listings – Plenty of fresh opportunities for house hunters.
7,282 Active Listings – Inventory remains robust across the valley.
410 Homes Sold This Week – A strong level of closed transactions.
381 Homes Under Contract – Steady demand as buyers continue writing offers.
$625,793 Average Weekly Sales Price – Reflecting a healthy mix of mid-tier and high-end sales.
$9,050,000 Highest Sale This Week – Luxury properties remain a driving force in the Las Vegas market.

Home Prices: Are They Rising or Falling?

The average sales price this week came in at $625,793. While prices aren’t skyrocketing, they’re holding steady, showing that well-priced homes are still in demand.

If you’re wondering whether prices might rise, it depends on demand in different neighborhoods. The abundance of inventory could keep upward pressure in check, but luxury buyers and well-presented homes are still pushing top-dollar transactions.

Days on Market: How Fast Are Homes Selling?

Homes spent an average of 45 days on the market. Compared to previous years of rapid turnover, buyers now have more breathing room to make thoughtful decisions.

For sellers, this means patience is key. Homes priced competitively will move, while overpriced listings risk sitting longer and requiring price adjustments.

Inventory Levels: Are There Enough Homes for Buyers?

This week added 612 new listings, bringing total active inventory to 7,282 homes. With 18 weeks of supply, buyers have more than enough options to shop around.

For buyers, this is a golden opportunity—less competition means more negotiating power. Sellers, however, must ensure their homes stand out with proper pricing, staging, and marketing.

Sales Volume: How Many Homes Are Changing Hands?

A total of 410 homes sold this week—solid activity for mid-September. Another 381 homes went under contract, which signals that buyers are still confident despite fluctuating mortgage rates.

The consistent contract activity shows that while buyers may be choosy, demand remains stable.

How This Week Compares to Last Year

Market Trends Year Over Year

Compared to this same week in 2024, the market is more balanced:

Active Listings: 7,282 vs. lower levels last year.
Homes Sold: 410 vs. fewer in 2024.
Contracts Signed: 381, showing steady buyer engagement.

The Role of Interest Rates in the Market

Interest rates continue to shape decisions. While higher rates can be a challenge, buyers are increasingly using strategies like rate buydowns and ARMs to manage affordability and stay competitive.

What This Means for Buyers and Sellers

Advice for Buyers: Navigating the Market

Use the high inventory to your advantage—negotiate terms that work for you.
Take your time. With 45 days on market, you don’t need to rush decisions.
Look for competitively priced homes; they’ll move faster.

Advice for Sellers: Maximizing Your Sale

Price realistically to attract serious offers quickly.
Invest in staging and professional photos to help your home stand out.
Partner with an experienced agent to market effectively in a crowded field.

Spotlight on Las Vegas Neighborhoods

Most Popular Areas for Buyers

Summerlin – Still a hotspot for luxury and family living.
Henderson – Offering a balance of affordability and upscale communities.
Southwest Las Vegas – Growth-focused with modern developments.

Hidden Gems for Great Deals

North Las Vegas – Affordable opportunities with new construction.
Downtown Las Vegas – Revitalized neighborhoods, urban amenities, and lifestyle appeal.

Market Predictions: What Lies Ahead

Home Prices: Stability or Growth?

Analysts expect prices to remain stable overall, with minor increases in sought-after neighborhoods like Summerlin and Henderson.

Inventory Projections for the Coming Months

Inventory levels should remain strong, giving buyers more control and encouraging sellers to focus on presentation and pricing strategy.

Conclusion

The Las Vegas real estate market for September 18th – September 24th, 2025 shows a balanced landscape. Sellers who price smartly will succeed, buyers have plenty of options, and the luxury segment remains strong. Whether you’re looking for a starter home or a multimillion-dollar estate, staying informed about weekly trends will help you make the best decisions.

Thinking about making a move? Contact The Brendan King Group @ REAL for expert guidance tailored to your goals.

FAQs

1. Is it a buyer’s or seller’s market right now?
It’s leaning toward a balanced market, slightly favoring buyers due to strong inventory.

2. Will Las Vegas home prices drop?
Prices remain steady, with only minor fluctuations depending on neighborhood demand.

3. How long are homes taking to sell?
On average, homes are selling in 45 days.

4. Should I list my home now or wait?
Now is a good time—buyers are active, and competitive pricing can yield quick results.

5. Which neighborhoods are attracting the most attention?
Summerlin, Henderson, and Downtown remain highly desirable, while North Las Vegas is gaining traction for affordability.

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Luxury Market Spotlight: $9.05M Sale of the Week

The luxury sector continues to shine. Here are the numbers for homes priced above $1M:

Average Sales Price: $1,902,212
Days on Market: 54
Active Listings: 1,281
New Listings: 75
Sold: 35
Under Contract: 36

The standout this week was a $9,050,000 sale, proving that high-end buyers are still willing to invest in Vegas luxury properties. While luxury homes may take longer to sell, the segment remains vibrant thanks to unique architecture, amenities, and prime locations.