Las Vegas Monthly Market Update — November 2025
Single-Family Homes | Las Vegas Valley
As we move deeper into the final quarter of 2025, the Las Vegas real estate market continues to show steady activity with subtle shifts that both buyers and sellers should be aware of. Here’s a clear look at how the market performed in November.
🔹 1,552 Homes Sold
Sales activity slowed slightly:
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⬇️ 1% from last month
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⬇️ 7% from last year
Even with a small dip, sales volume remains healthy, indicating continued buyer demand despite seasonal and economic factors.
🔹 1,726 Homes Pending
New escrows strengthened this month:
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⬆️ 13% compared to last month
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⬆️ 3% year-over-year
This jump in pending sales suggests renewed buyer confidence heading into the holidays.
🔹 7,709 Homes Available
Inventory continues tightening:
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⬇️ 4% from last month
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⬇️ 11% from last year
Lower inventory typically supports price stability, giving sellers an advantage—especially in desirable neighborhoods and updated homes.
🔹 Average Sales Price: $618,210
Home values remain solid:
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⬇️ 1% from last month
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⬆️ 3% from last year
A slight monthly dip is normal for this season, but year-over-year appreciation shows the market’s long-term strength.
📊 What This Means for You
For Sellers:
Low inventory and rising pending sales indicate motivated buyers are still actively searching. Pricing strategically and presenting your home well can place you in an excellent position.
For Buyers:
With fewer homes on the market, preparation is key. Pre-approval and fast decision-making can help you secure the right home before competition increases again in early 2026.
For Investors:
Las Vegas continues to demonstrate dependable price growth and strong demand. Opportunities remain favorable, especially with rental demand holding strong.
