Las Vegas Housing Market: Trends & Prices (2025)
Las Vegas Real Estate Market Overview
(Last Updated – 4/2025)
For many, Sin City is a place to escape to and have some fun. But for an increasing number of people (the population has risen 3.64% since the last census), Las Vegas is home. And who wouldn’t want to live in one of the hottest vacation spots around? World-class restaurants, spas, shopping, and casinos are all available to Las Vegas residents.There is plenty of excitement to be found in Las Vegas, but there are also a lot of career opportunities. As you might expect, entertainment and hospitality are key industries, but construction, transportation, and technology jobs are also available.
In terms of affordability, the cost of living in Las Vegas has bounced around a bit recently, sometimes a percentage or two below the national average, and other times a bit above. Here, you’ll take a closer look at the real estate market, which is a big component of daily living costs. With the median home value standing at $440,000 in early 2025, it may make a great home base for you.
Las Vegas Real Estate Market Trends
Las Vegas home prices went up 2.3% as of February 2025 vs. the year prior.
Las Vegas is considered a “somewhat competitive” housing market, with homes on average receiving two offers. Generally, homes in this area sell for about 2% below the list price and go pending in 61 days.
$410,000
Median Home Price
$262
Median Price Per Sq. Ft
61 days
Median Time on Market
Las Vegas Housing Market Forecast
The Las Vegas housing market has seen steady growth in recent years. That trend is expected to continue — the Las Vegas housing market saw a 1.9% increase in home sale prices over the last year (as of February 2025). The market is considered somewhat competitive, with most homes getting a couple of offers and selling in, on average, 61 days.
If you’re looking to invest in the Las Vegas real estate market, experts are generally recommending you do so sooner rather than later.
Demographics of the Las Vegas Market
Las Vegas is not just for party people. Sure, there’s no shortage of exciting things to do in Las Vegas, which is probably why it’s considered one of the most fun places to live in the United States. But alongside the glitz and glamor that can be found on the Strip, there is a lot of family fun to be had for the city’s 660,000 residents.
To start, there are over 100 parks and community facilities for families to choose from in Las Vegas. Amazing hiking amid canyons is an easily accessible way to spend a weekend afternoon. Keep reading to learn more fast facts about the demographics of Las Vegas.
Median Household Income: $73,784
Median Age: 39.2
College Educated: 28.8%
Homeowners: 57%
Married: 44%
Popular Las Vegas Neighborhoods
Whether you want to be a stone’s throw away from the Strip or are looking for a more suburban feel, there are plenty of great neighborhoods to choose from in Las Vegas.
Some are family-friendly, while others may be a better fit for single workers looking to have a little fun. Keep reading for some fast facts about our favorite Las Vegas neighborhoods.
Downtown
If you want a lively atmosphere and being right in the heart of all that Las Vegas offers, then living in Downtown may be your idea of a good time. (It’s near the Strip, but to the north, so you’re not living right next to the jam-packed tourist areas.) You’ll join the 65,000 residents who live in that neighborhood. It’s obvious why Las Vegas residents are eager to live Downtown — access to great nightlife, shopping, and dining are just minutes away.
Not to mention, the public schools in Nevada are considered to be above average and there are a lot of nice parks nearby.
Quick Facts
Population:
65,501
Median Age:
34
Housing Units:
25,909
Bike Score:
61/100
Walk Score:
75/100
Transit Score:
55/100
Median Household Income:
$61,313
Downtown Housing Market
If you head Downtown, make sure your budget is prepared. Home prices in Downtown Las Vegas increased 8.5% year over year as of February 2025.
Median Home Price
$369,000
Median Price Per Square Ft.
$263
Sunrise Manor
Sunrise Manor is an up-and-coming area to put down roots. It’s known for its affordability, diversity, and accessibility (it’s about an 18-minute drive to downtown Las Vegas). Also, Las Vegas Motor Speedway is just to the north of town, and Frenchman Mountain just to the east.
Quick Facts
Population:
199,099
Median Age:
34
Housing Units:
71,430
Bike Score:
48/100
Walk Score:
36/100
Transit Score:
39/100
Median Household Income:
$69,436
Sunrise Manor Housing Market
As of February 2025, Sunrise Manor home values were up by 8.5% compared to a year earlier, and houses were on the market for an average of 57 days vs. 69 days a year prior. The market is described as somewhat competitive, with homes typically selling for 1% below the asking price.
Median Home Price
$385,000
Median Price Per Square Ft.
$229
Summerlin South
Summerlin South is an upscale, in-demand neighborhood filled with golf courses, walking trails, and cultural centers. Residents of all ages can enjoy the fun activities this community has to offer, from the Downtown Summerlin shopping / entertainment / restaurant hub to the nearby Red Rock National Conservation Area.
Quick Facts
Population:
30,075
Median Age:
47
Housing Units:
14,222
Bike Score:
34/100
Walk Score:
22/100
Transit Score:
28/100
Median Household Income:
$181,234
Summerlin South Housing Market
Home values in Summerlin South are higher than in many other areas of Las Vegas. Year over year (as of February 2025), the average sale price was up a whopping 57.2% to $990,069. Despite the lofty prices, the market is considered somewhat competitive, with houses on the market for an average of 81 days vs. 56 days a year earlier.
Houses in this neighborhood typically sell for 3% under the asking price, with hot properties selling right at the list price.
Median Home Price
$990,069
Median Price Per Square Ft.
$364
Lone Mountain
Young families and dog lovers enjoy Lone Mountain for its outdoorsy lifestyle: There are plenty of parks with gorgeous mountain views. Parents appreciate the well-regarded schools and the proximity to Red Rock National Conservation Area, with its top-notch hiking and biking trails. For those who love horseback riding, equestrian trails are nearby as well. Other benefits of living in this area include easy parking and a good degree of walkability.
Quick Facts
Population:
54,575
Median Age:
40
Housing Units:
21,941
Bike Score:
41/100
Walk Score:
45/100
Transit Score:
37/100
Median Household Income:
$120,967
Lone Mountain Housing Market
Home prices in Lone Mountain increased 10% in February 2025 compared to last year. Currently, the median home price is $424,000, in a somewhat competitive market. The typical home sells after 52 days on the market, vs. 43 days one year prior.
Median Home Price
$424,000
Median Price Per Square Ft.
$243
Green Valley Ranch
If you’re looking to move away from the hustle and bustle of Downtown Las Vegas but still be nearby, Green Valley Ranch (technically located in Henderson) could be a terrific option. It’s a small, master-planned community that’s about 15 minutes from the famous Strip, and residents enjoy the abundance of parks and trails. Families appreciate the local school system and shopping at the District, with its array of retail and dining options.
Quick Facts
Population:
7,725
Median Age:
45
Housing Units:
3,407
Bike Score:
34/100
Walk Score:
42/100
Transit Score:
30/100
Median Household Income:
$134,831
Green Valley Ranch Housing Market
Home values in this neighborhood, which is considered somewhat competitive, were up 17.1% in February 2025 compared a year earlier.
On average, homes sell in 54 days vs. 40 days the previous year, typically going for a couple of percentage points below the asking price.
Median Home Price
$606,000
Median Price Per Square Ft.
$303
SoFi Home Loans
It’s easy to see why Las Vegas has become such a popular market to buy a home in. There are some really amazing neighborhoods to choose from, whether you’re young and single or have a family to look after. If you think Las Vegas could be your home sweet home, then you may need to consider your mortgage financing options.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.
FAQ
How long are homes staying on the market in Las Vegas?
In March 2025, homes in Las Vegas were selling quickly, with 56% of homes sold in 30 days, 29% within 30 to 90 days, and 15% sold in over 90 days.
Is it a good time to sell a house in Las Vegas?
Overall, the market is somewhat competitive in Las Vegas, with housing prices rising a few percentage points vs. the previous year. A well-priced home is likely to sell within a couple of months.
Is Downtown Las Vegas a good place to live?
Downtown Las Vegas can be a good place to live if you want a walkable neighborhood with lots of opportunities for entertainment, dining, and shopping. Remember, it’s north of the Strip, but it’s not the Strip. You won’t be living next door to the casinos.
SoFi Mortgages
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*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
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Qualifying for the reward requires using a real estate agent that participates in HomeStory’s broker to broker agreement to complete the real estate buy and/or sell transaction. You retain the right to negotiate buyer and or seller representation agreements. Upon successful close of the transaction, the Real Estate Agent pays a fee to HomeStory Real Estate Services. All Agents have been independently vetted by HomeStory to meet performance expectations required to participate in the program. If you are currently working with a REALTOR®, please disregard this notice. It is not our intention to solicit the offerings of other REALTORS®. A reward is not available where prohibited by state law, including Alaska, Iowa, Louisiana and Missouri. A reduced agent commission may be available for sellers in lieu of the reward in Mississippi, New Jersey, Oklahoma, and Oregon and should be discussed with the agent upon enrollment. No reward will be available for buyers in Mississippi, Oklahoma, and Oregon. A commission credit may be available for buyers in lieu of the reward in New Jersey and must be discussed with the agent upon enrollment and included in a Buyer Agency Agreement with Rebate Provision. Rewards in Kansas and Tennessee are required to be delivered by gift card.
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