LAS VEGAS (KLAS) — Las Vegas home prices jumped in May, hitting a new all-time high. The price increased more than $16,000 from April levels, and landed 2.1% higher than prices in May 2025, according to a monthly report from Las Vegas Realtors (LVR).
The median price of a single-family home in Las Vegas is now $490,000. The median price is the one in the middle: half sold for more, and half sold for less. LVR noted that fewer homes sold in May, overall.
For condominiums and townhomes, prices went up $5,000 since April. The price — $295,000 — is down 3.9% compared to May 2025, LVR reported.
“Although single-family home prices hit a new high-water mark in May, local home prices have still been pretty stable this year,” LVR President George Kypreos said. “And even though the number of homes being sold has been fairly flat, we’re confident the demand for homes here in Southern Nevada remains strong.”…