Las Vegas Real Estate Market Update – September 2025
The Las Vegas housing market is shifting rapidly, offering unique opportunities for buyers and investors. As of September 2025, median home prices hover around $440,000, down 2.2% year-over-year. Inventory has surged—active listings jumped 31% compared to last year—giving buyers more negotiating power and choice.
High mortgage rates and affordability challenges have cooled demand, with closed sales down 8.5% and new home construction slowing by 23%. Only 20% of homes are affordable for households earning the median income of $81,081, making Las Vegas one of the most buyer-friendly markets in the U.S.
Whether you’re a first-time homebuyer or seasoned investor, now is the time to explore the Las Vegas real estate landscape. With increased inventory and softening prices, savvy buyers can find value in this historically volatile market.
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