Las Vegas October Home Prices Remain Just Below All-Time Record High Despite Large Surplus of Inventory
LAS VEGAS, NV – According to a new report by Las Vegas Realtors (LVR), in October home prices in Southern Nevada remained just below their all-time record high, despite the fact that housing inventory is currently high and sales are down 10.1 percent year-over-year.
In October, the median price of a single-family home in the Las Vegas Valley was $474,370, which represents an approximate 1.0 percent increase from September’s price of $470,000 and a mere 0.2 percent drop year-over-year. The region’s all-time record high of $485,000 was achieved several times in 2025, most recently in July.
Home prices are remaining high in the valley despite a large surplus of listings and seriously lowered buying activity; sales in October were down 8.5 percent from September, as per data from the Multiple Listing Service, with LVR noting that 7,538 single-family homes were listed for sale at the end of October without any offers, representing a 30.3 percent jump year-over-year.
LVR President George Kypreos explained that the October report represents the continuing transition of Southern Nevada from a market where sellers were calling the shots to one where buyers now hold a distinct advantage. If there was ever a time for prospective homeowners to take advantage of the situation, he said, the time is now
Local home prices are moderating, with more homes on the market and properties taking a little longer to sell,” Kypreos said. “This shows that the housing market is shifting more in favor of buyers. For people who are prepared and can afford it, it’s a good time to buy.”
Meanwhile, the median price of a condominium or townhome sold last month in Las Vegas was $285,000, an approximate 3 percent drop from September’s price of $294,000 and a 9.5 percent decrease from October 2024.
Shelter Realty Property Management specializes in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.
Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management