Las Vegas Real Estate Market Update – April 2025

As we move further into 2025, the Las Vegas real estate market continues to show signs of strength and stability. From steady home prices to an increase in inventory and evolving mortgage trends, April brings a lot of information for both buyers and sellers to consider. Here’s your full update on what’s happening in the Las Vegas housing market this month.

1. Market Performance: Prices Hold Steady as Sales Climb

The median price for single-family homes in Las Vegas remains at $485,000 for the third month in a row - matching the all-time record high. This represents a 4.3% increase from March 2024, highlighting a strong year-over-year growth trend.

The condo and townhome market is also thriving, with the median price now at $306,495, a 1.2% rise from February and an impressive 8.5% increase compared to last year. This segment continues to be attractive for first-time buyers and investors alike.

In terms of activity, 2,142 single-family homes sold in March 2025, which is 20.3% higher than February and 2.9% more than March 2024. These numbers indicate solid demand, even in the face of higher interest rates and global economic uncertainty.

2. Inventory Growth Offers More Buyer Options

Buyers now have more homes to choose from. The active listing count has increased to 6,350 in April 2025, marking a 10% rise from March. This boost in inventory is giving buyers more flexibility and time to make decisions, while still keeping competition healthy.

The months of supply sits at 2.95, suggesting a market that’s relatively balanced between buyers and sellers. This is good news for both sides - buyers benefit from more options, while sellers can still expect solid offers if their homes are priced well.

3. Mortgage Rate Update: Slight Dip, But Caution Ahead

The average 30-year fixed mortgage rate is hovering around 6.70% as of April 29, 2025. While this is a slight dip from earlier in the year, upcoming economic reports - including inflation numbers, GDP growth, and job data - could cause rates to shift again.

Additionally, new tariffs introduced this spring could increase inflation, possibly leading to higher mortgage rates in the coming months. Buyers should consider locking in current rates or using a mortgage calculator to understand how a small rate change can impact monthly payments and long-term affordability.

4. What This Means for Buyers and Sellers

For buyers, this is a great time to take advantage of increased inventory and more stable pricing. Even with rates above 6%, the Las Vegas market continues to offer value - especially compared to other major metro areas.

For sellers, demand remains strong. Homes that are well-staged, properly priced, and located in desirable neighborhoods are still receiving competitive offers. The current balanced market allows sellers to move forward with confidence, especially those planning to upgrade or downsize within the same market.

5. Spotlight on Local Trends and Communities

Certain Las Vegas neighborhoods are drawing increased interest in 2025. Communities like Summerlin, Henderson, and Skye Canyon are seeing notable activity thanks to their combination of amenities, walkability, and new home construction.

Eco-conscious features are also trending. Buyers are starting to look for sustainable living options, such as solar panels, energy-efficient appliances, drought-tolerant landscaping, and smart-home upgrades. Homes that offer these features are standing out in today’s market.

6. Regular Updates Keep You Ahead

Each month, we’ll continue to bring you:

• Price and sales trends
  
  
• Inventory insights
  
  
• Mortgage rate forecasts
  
  
• Community spotlights
  
  
• Tips for buyers and sellers navigating the market
  
  

In upcoming updates, we’ll also highlight noteworthy sales, including fastest-sold homes, highest-price deals, and unique properties. We’ll also include updates on new construction opportunities and builder incentives for those considering new builds.

7. How You Can Stay Informed and Get Involved

Looking for more interactive content? Be sure to check out our:

• Live video market updates with real-time Q&A
  
  
• Virtual tours of new listings and recently sold homes
  
  
• Seasonal guides, like “Spring Selling Tips” and “Summer Maintenance for Homeowners”
  
  

These resources are designed to help you make informed decisions - whether you’re buying, selling, investing, or simply keeping an eye on the market.

Final Thoughts

The Las Vegas real estate market remains one of the most dynamic in the country. With steady home prices, increasing inventory, and continued demand, both buyers and sellers have opportunities in today’s environment. Whether you’re planning to move, invest, or just stay informed, we’re here to help you navigate every step.

Want to know what your home is worth today? Curious about which neighborhoods are trending? Contact us for a free consultation or sign up here for monthly updates tailored to your property.