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Las Vegas Home Sales Snapshot – What Buyers and Sellers Should Know (Sept 2025)

What’s happening in the Las Vegas real estate market? Whether you’re tracking your home’s equity, considering a move, or just curious about where the market is heading, here’s the latest breakdown of September 2025 housing activity across the valley.

Key Numbers Recap (with context):

  • Homes for Sale: 7,126 (–1.1% vs August) – Inventory remains elevated, keeping buyers in control.
  • Homes Sold: 1,776 (+1.7% vs August) – A slight uptick in closings.
  • Median Sold Price: $475,000 (–2.1% vs August) – A softening middle market.
  • Average Sold Price: $627,212 (+6.1% vs August) – Skewed higher by luxury transactions.
  • Average $/SqFt: $287 (+4.7% vs August) – Buyers still paying premiums for quality and lifestyle.
  • Average Days on Market: 45 (+14.3% vs August) – Homes are sitting longer.

What’s Hot

  • Luxury closings are still strong, keeping averages high.
  • Price per square foot continues to rise, showing lifestyle properties (pool homes, golf course frontage, etc.) remain in demand.
  • Sales volume is holding steady, suggesting buyers haven’t disappeared even with higher rates.

What’s Not

  • Median prices slipped, showing softness in the “everyday” resale market.
  • Days on Market are climbing, signaling that buyers have more time and choices.
  • List-to-Sale discounts are growing, with many homes closing under original ask.

Looking Ahead – October 2025

National headlines continue to focus on sticky interest rates, affordability, and inventory pressures. Locally, Las Vegas may be moving into a more balanced market:

  • Buyers gain leverage as more listings linger.
  • Sellers must price smart and prepare homes well to stand out.
  • Expect continued strength in luxury, but watch for more price adjustments in the $400K–$700K range if inventory stays above 7,000 homes.

I’m Don Cramer, a Luxury Real Estate Advisor with Real Broker in Las Vegas. I specialize in Summerlin and the valley’s premier country club communities. I don’t just sell homes — I help discerning clients make smart moves with the full picture in mind.

If you’re curious about your home’s value or want to understand how today’s market impacts your plans, let’s have a conversation.