One of the most common questions I hear as a Las Vegas REALTOR®?
“When’s the best time to buy a house in Las Vegas?” and “When’s the best time to sell a house in Las Vegas?”
It’s a fair question—but the truth is, trying to perfectly time the real estate market can be risky. Let’s take a look at what current Las Vegas market data tells us—and why focusing on your goals might matter more than waiting for the “perfect” time.
1. More Inventory = More Buyer Leverage
Las Vegas is shifting toward a more balanced market—and that’s great news if you’re buying.
- Inventory across Southern Nevada has ticked up—from roughly 6,875 to 7,400 single-family homes in the last 30 days (a 7.5% increase).
- That bump has pushed the months supply from 3.4 to 3.65, a subtle but important move toward a buyer-friendlier environment.
- Homes are sitting longer, too: the average days on market is now 44, up from 33 a year ago.
- Price drops are becoming more common—about 31% of listings have reduced pricing, and the average sale-to-list ratio is down to 98.3%.
In short? Buyers today have more options, more time, and a little more negotiating power than they did even a few months ago.
2. Prices Have Stabilized
If you’re waiting for prices to drop dramatically, don’t hold your breath—but also know they’re not surging.
- Median single-family home prices in Las Vegas currently sit between $445,000 and $480,000, with only a 0–2% year-over-year increase.
- In April, prices actually dipped slightly from earlier 2025 highs, falling from $480K to $475K.
We’re not in a free fall—but we’re also not in another frenzy. That’s good news for both buyers and sellers looking for predictability.
3. Mortgage Rates Are Still a Wild Card
- Mortgage rates remain around 7%, and that continues to influence affordability for many buyers.
- That said, motivated sellers are more open to negotiation on both price and concessions.
- If and when rates drop, buyer demand could spike again, meaning today’s relatively calm conditions might not last.
4. Seasonality Still Matters—But Less Than Before
Spring and summer tend to be busier in the Las Vegas real estate market—and 2025 is no different:
- April saw about 2,150 home sales, the busiest month since summer 2024.
- New listings also jumped nearly 10%, keeping inventory steady and giving buyers more choices.
Still, we’re not seeing the intense bidding wars of previous years—so while seasonality plays a role, it’s not the only factor at work.
So… Should You Try to Time the Market?
Not exactly.
Las Vegas has shifted from an overheated seller’s market to something more balanced—and that creates opportunity for both sides.
- Buying now? You’ve got more inventory, more flexibility, and room to negotiate. Just watch those mortgage rates.
- Selling now? You can still get strong results with the right pricing strategy and presentation—especially in desirable neighborhoods.
- Waiting? You might miss the sweet spot. If rates fall, more buyers enter. If inventory tightens, options shrink.
The Bottom Line
Trying to time the Las Vegas real estate market perfectly is, well… a gamble. 🃏Instead, the smartest move is to focus on your own timeline, financial comfort, and life goals. Whether you’re buying or selling, a steady, informed approach always wins out over guesswork.
Let’s Talk About Your Next Move
Want to dive deeper into comps in your neighborhood? Curious about loan projections or how much your current home could sell for in today’s market? I’ve got you covered.
📩 Reach out today for a custom market analysis or buyer strategy session—no pressure, just honest advice.
