APRIL 2025 Las Vegas Real Estate Market UPDATE

Get the latest Las Vegas real estate market update with a deep dive into single-family homes and condo/townhome trends. The median sales price for single-family homes is holding steady at $485,000—unchanged from last month and up 4.3% from last year.

Luxury sales are leading the way, especially with 22 properties selling over $3 million. Meanwhile, the broader Las Vegas housing market is seeing mixed signals with rising inventory and steady demand.

For condos and townhomes, the median price rose to $306,495, marking an 8.5% increase from last year. Sales activity is picking up, but inventory levels remain a key factor to watch.

Different areas are performing at different paces—Rhodes Ranch, Sienna, Southern Highlands, and Mountain’s Edge all show varied inventory levels, highlighting just how local the Las Vegas real estate market truly is.

Stay tuned for more insights on how the Las Vegas market is shifting and what it means for buyers and sellers.