The Las Vegas housing market closed out the week ending October 26, 2025, with steady performance and subtle shifts worth noting.
This week’s market update shows:
🏠 796 New Listings
📝 514 Under Contract
🔑 433 Sold
⏱️ 49 Days on Market
💰 Median Price: $470,000
📉 Rates: 6.3% national avg, mid-5’s locally
We saw 796 new listings, 514 homes go under contract, and 433 homes sold, marking the third consecutive week of roughly 430 closings. It’s a sign of a slow but stable market as we approach the end of October, even as seasonal slowdowns start to appear.
The median sales price rose slightly to $470,000, while days on market averaged 49. Again, still low but right on pace with the fall trend.
One notable point this week: the highest sale came in at $3.75 million, noticeably below the $5–10 million range we typically see. That’s not necessarily a shift in the luxury market itself, but it does influence the overall numbers. When fewer ultra-high-end properties trade, the median naturally decreases or levels out.
This is where understanding micro-markets becomes crucial. Summerlin, Henderson, and the Northwest Valley each tell their own story. Some areas are holding strong, while others are seeing slight adjustments this is often tied to inventory and interest-rate sensitivity.
Speaking of rates, the national average remains around 6.3%, but Las Vegas buyers are still scoring rates in the mid-5s, with builders offering even lower financing incentives. For those considering a move before year-end, this window could be a strategic opportunity.
Overall, the data continues to support a balanced market; it's not overheated, not cooling dramatically. As we head into the holiday season, sellers may find less competition, and buyers may find more negotiating room, especially in higher price brackets.
Follow me each week for a breakdown of what’s really driving the Las Vegas housing market because the difference is always in the details.
