LAS VEGAS ( KLAS ) — Las Vegas housing prices have leveled off, remaining at record-high levels for the third straight month, according to information released Monday by Las Vegas Realtors (LVR).
The first quarter of 2025 brought peak prices for single-family homes, with a median price of $485,000. Condominiums and townhomes sold at a median price of $306,495 in March, an increase of $3,495 since February. That’s the second-highest ever in Las Vegas, behind only October 2024’s $315,000. The median price is the one in the middle, with half selling for more and half for less.
With tariffs wreaking havoc on the national economy, experts say mortgage rates will go down. Bankrate is reporting some 30-year fixed-rate mortgages as low as 5.750% in Las Vegas. But the other side of tariffs could mean prices on some building materials might be going up…