Las Vegas Housing Market in 2025: Record Prices, Declining Sales, and What It Means for Buyers and Sellers
What’s really going on in Las Vegas right now? Why are home prices climbing to record levels while fewer people are actually buying? And most importantly — is this a sign of a strong market, or is something else going on behind the scenes?
In March 2025, the median price of a new home in Las Vegas exceeded $530,000 for the first time. That’s a big milestone. At the same time, total sales of homes are down—raising serious concerns about buyer confidence and affordability.
So how can prices keep climbing when demand is obviously slowing down?
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Let’s take a look at what the numbers are telling us about what is driving prices and their implications for buyers, builders, and the future of real estate in Las Vegas.
2. Record-Breaking Home Prices
Las Vegas just hit a new milestone — the average price for a newly built home climbed to $530,000 in March 2025. That’s the highest on record for the city’s new home market…