Listings Climb, Prices Hold — Vegas Real Estate in Balance

October 16, 2025

The shift is subtle but real. Inventory is rising, buyers are pacing themselves, and sellers are adjusting expectations. This week feels like a moment of balance in the Vegas market — not tipping, just settling.

Market Update & Trends

Prices steady. In August, single-family homes in Las Vegas settled at a median of $480,000, just under the earlier high of $485,000, indicating a slower climb but resilient baseline.
Luxury listings surge. Homes listed at $1 million or more jumped 42% year-over-year in July.
Condo/townhome movement. The median sale price for condos/townhomes rose from $290,000 to $298,000 in August — up 2.8% from July and up 2.1% year-over-year.
Investor influence continues. Institutional and cash buyers still play a large role in absorbing inventory, particularly in entry-level markets.
Cooling fastest in U.S. markets. Las Vegas is reportedly cooling faster than most U.S. housing markets, as Redfin notes a 10.2% year-over-year decline in sales and a 44.8% jump in inventory.

What it all means: if you’re buying, you’ve got more choices and room to negotiate. If you’re selling, you’ll want to sharpen your presentation, pricing, and timing.

Las Vegas Happenings This Week

Vegas keeps delivering, even as markets mellow:

Show lineup: Expect big names and classic productions — Michael Jackson ONE, Cirque du Soleil: O, The Wizard of Oz at the Sphere, among others.
Major fights landing: The Canelo Alvarez vs. Terence Crawford bout is confirmed for September 13 at Allegiant Stadium — one of the biggest boxing matchups of the year.
Entertainment pulses: No Doubt announced a six-show residency at the Sphere in 2026, with Gwen Stefani to headline as the first woman to do so.
Community events: The city’s event calendar is packed — check Visit Las Vegas for weekend happenings, concerts, shows, and special exhibits.

What to Keep an Eye On & What to Do

For buyers: Move-in-ready homes priced right are hitting the sweet spot. Look for properties that have been recently updated and are easy to say “yes” to.
For sellers: Don’t rely on hype. Every fix, clean, and proper staging still counts more than ever.
For investors: Watch the high-end listings—the surge there may indicate shifting demand or risk zones.
For everyone: The alignment of rising supply and steady prices suggests a more balanced market. That rarely lasts forever.