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November 1, 2025Las Vegas Housing Market Update – November 2025
Las Vegas Housing Market Update – November 2025
Las Vegas home sale prices unexpectedly increased by $4,370, landing at $474,370. This kind of jump is highly unusual for this time of year, and we’ll explain exactly what’s behind it.
Sales and new listings were both slightly down from the previous month, and we’re still seeing a high number of listings without offers at 7,538. But when we compare today’s market to October 2022 — which had 7,906 listings — we can see that 2025 is still tracking very closely with 2022 trends.
Even with the price bump, we still have more homes on the market than buyers, and with interest rates staying high, many buyers continue to sit on the sidelines. That means one thing…
✅ It is STILL a buyer’s market!
Buyers today can score serious deals — lower prices, strong negotiations, and sellers willing to cover closing costs.
So what does all this really mean?
📉 Will the Las Vegas Housing Market finally cool off?
📈 Where is the market heading next?
🎉 And who won last month’s predictions?
Plus — we’re covering all the November 2025 builder incentives. This is the final month of the year where builders push hard to hit their year-end numbers, which means:
🔥 Huge incentives
🔥 Deep discounts
🔥 Amazing deals on move-in ready new construction homes
If you’ve been thinking about buying a brand-new home in Las Vegas, NOW is the time — this is the last chance of the year to take advantage of these incredible opportunities.
MARKET TRENDS
There were 1,724 single-family houses that sold in October which is down 8.5% from September and down 10.1% from prior year.
October 2025 – 1,724 Closings
October 2024 – 1,918 Closings
October 2023 – 1,699 Closings
October 2022 – 1,724 Closings
October 2021 – 3,077 Closings
October 2020 – 3,225 Closings
The median sales price of previously owned single-family homes, went from $470,000 to $474,370, which is up .9% from the prior month but down .2% from the prior year.
In October 2025, the median price of previously owned single-family homes was at $474,370.
In October 2024, the median price of previously owned single-family homes was at $475,531.
In October 2023, the median price of previously owned single-family homes was at $449,000.
In October 2022, the median price of previously owned single-family homes was at $440,000.
In October 2021, the median price of previously owned single-family homes was at $410,000.
In October 2020, the median price of previously owned single-family homes was at $340,200.
We always talk about what the median price is and not the average, so I wanted to share with you that the Average Price of Homes Sold in October was $620,582 and in September that number was $617,312, so we had a $3,270 increase in the average price month over month.
CONDOS
The median sales price of condos and townhomes for September went from $294,000 to $285,000 which is down 3.1% from September, and down 9.5% from the prior year.
In October 2025, the median price of condos and townhomes was at $285,000.
In October 2024, the median price of condos and townhomes was at $315,000.
In October 2023, the median price of condos and townhomes was at $275,500.
In October 2022, the median price of condos and townhomes was at $266,000.
In October 2021, the median price of condos and townhomes was at $236,000.
In October 2020, the median price of condos and townhomes was at $186,500.
LUXURY MARKET
There were 135 luxury homes that sold in October for $1 million and over, compared to September’s 146 homes, 11 home decrease.
The median sales price in the Luxury Market for October increased to $1,350,000 and in September that number was $1,344,975. A $5,025 increase in the median sales price.
MARKET TRENDS
So, for October we had a total of 3,077 new listings, which is down 2.7% from the prior month, but up 7.3% from the prior year.
October 2025 – 3,077 new listings
October 2024 – 2,867 new listings
October 2023 – 2,332 new listings
October 2022 – 2,883 new listings
October 2021 – 3,564 new listings
October 2020 – 3,592 new listings
There were also a total number of 7,538 single-family houses listed without offers in October, which is up .5% from the previous month and up 30.4% from the prior year.
October 2025 – 7,538 listed without offers
October 2024 – 5,784 listed without offers
October 2023 – 4,233 listed without offers
October 2022 – 7,906 listed without offers
October 2021 – 3,287 listed without offers
October 2020 – 4,501 listed without offers
368 more homes were on the market in October 2022 than October 2025.
MARKET TRENDS
Which brings us to the housing supply in Southern Nevada, last month we are at 4.4 months of inventory on the market, which is up 9.8% from previous month and up 45% from the prior year.
October 2025 – 4.4 months of supply
October 2024 – 3.0 months of supply
October 2023 – 2.5 months of supply
October 2022 – 4.6 months of supply
October 2021 – 1.1 months of supply
October 2020 – 1.4 months of supply
50.4% of the closings for the month October was on the market 30 days or less, in September this number was at 50.2% and in October 2024, 58.9% of the homes were on the market 30 days or less.
NEW BUILDER INCENTIVES – November 2025
Century Communities is having their PURPLE TAG Savings Event. Unbelievable savings on select homes when financing with Century Communities affiliate lender, Inspire Home Loans on select move-in ready homes across the Las Vegas Valley.
Get a 30-year fixed rate loan, plus $5,000 towards closing costs for 3 different offers.
- FHA & VA Loans at 3.875% fixed interest rate.
- 30-Year 7/6 Arm Loan Conventional Loan, get 3.875% interest rate for years 1-7, and an adjustable rate mortgage years 8-30
- 30-Year Fixed Rate Conventional Loan and get 4.875% interest rate.
Rates are available only on the purchase of select Century Communities homes that sign a contract on or before 11/15/2025 and that close on or before 11/28/2025.
Lennar Homes is having their INVENTORY CLOSEOUT SALE. Take Advantage of a Promotional FHA 5/1 ARM Rate on move-in ready homes across the valley. Get 3.750% for the first 5 years of your loan. Starting in year 6, the rate will adjust every year based on your index changes.
Must go under contract from now until 11/9/25 and close by 12/19/25 when you finance through Lennar Mortgage.
Richmond American is having their RED RIBBON SAVINGS Event on their Move-In ready Home, where you can pick your savings in the Las Vegas Area and finance through Home American Mortgage Corp.
- Take advantage of special financing + up to $25K in Flex Funds on quick move-in homes OR opt for just the Flex Funds and get up to $75K toward homes that can close in a timely manner.
Use Flex Funds for:
- Closing cost assistance
- Permanent interest rate buydown
- Discount on purchase price (up to 2% of home price)
- 5/1 Adjustable Arm – Get 3.75% interest rate for 5 years with a max of 8.75% interest rate at year 6
- 7/6 Adjustable Arm – Get 3.99% interest rate for 7 years with a max of 8.75% interest rate at year 8
- 99% 30-year fixed Interest rate on a FHA or VA loan
- 50% 30-year fixed interest rate on a Conventional Loan
Must go under contract from now until 11/9/25 and close on or before 12/31/25.
Taylor Morrison is having their SNOW PLACE LIKE HOME EVENT. In order to take advantage of these savings you will need to use their affiliated lender, Taylor Morrison Home Funding.
- Get 3.99% interest rate on an a Conventional 30-Year Fixed Loan on select communities when you go under contract by 11/30/25 and close on or before 12/26/25, plus get $10,000 towards buyer’s closing costs.
- Secure a 30-year FHA 5/1 Adjustable Arm. Get 3.75% interest rate the first 5 years and at year 6 your rate will adjust annually based on market changes, must go under contract by 11/30/25 and close on or before 12/26/25
For a limited time on select quick move-in homes, Toll Brothers Mortgage Company is offering exclusive 2/1 Buydown Program on a 30-year fixed mortgage. This 2/1 Buydown program is only available on homes that close by 11/28/25, so take advantage of this great rate now.
For the 1st year get 3.49% interest rate, 2nd year get 4.49% interest rate and from years 3-30 get 5.49% interest rate.
ROB & ANG BETS – November 2025
MEDIAN SALES PRICE
Rob said $7,000 decrease
Ang said $5,000 decrease*
Actual # $4,370 increase
ANG won this!
WITHOUT OFFERS
Rob said 7,550
Ang said 7,400
Actual # 7,538
ROB won this one!
MONTHS OF SUPPLY
Rob said 4.2 months
Ang said 4.1 months
Actual # 4.4 months
ROB won this one!
If you’re considering buying or selling a home in the Las Vegas Valley, please don’t hesitate to reach out to me. I’ll get back to you personally and promptly. Thanks for visiting!
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Angela O’Hare
Favorite Las Vegas Realtor
REAL Broker LLC at Urban Nest
Lic. #180246
702-370-5112
[email protected]
www.neighborhoodsinlasvegas.com
