Las Vegas

NVLas Vegas-Henderson-Paradise

Real Estate Market Analysis

Q3 2025 Report
$480,000 (May 2025)
Median Home Price
~2.3 million (metro area)
Population
$70,000 (metro area, 2024 estimate)
Median Income
Clark County School District: C+ (Niche 2025)
School District Rating

Market Overview

Property Values

$480,000 (May 2025)
Median Home Price
Not specified in sources
Price per Sq Ft
+5.5% (Jan 2024-Jan 2025); forecast +2.5% to 3.5% through 2025
YoY Change

Market Performance

Days on Market48 days (Jan 2025 average)
Market TypeShifting toward balanced/buyer-leaning
Months of Supply4 months (July 2025)

Sales Activity

Sales Volume1,900 closed sales (June 2025); down 13.1% YoY (May 2025 vs. May 2024)
Metro AreaLas Vegas-Henderson-Paradise
Population~2.3 million (metro area)

Economic Indicators

Employment & Growth

Unemployment Rate~5.3% (Clark County, early 2025 estimate)
Job Growth Rate2.1% (2024-2025 estimate)
Median Household Income$70,000 (metro area, 2024 estimate)

Major Employers

  • MGM Resorts International
  • Caesars Entertainment
  • Clark County School District
  • Wynn Resorts
  • Las Vegas Sands

Demographics

~2.3 million (metro area)
Population
38.5 years
Median Age
+1.2% (2024-2025 estimate)
Population Growth
23% bachelor’s degree or higher (metro area)
Education Level

Family Composition

Mix of families, retirees, singles; 32% households with children

Key Industries

Tourism & HospitalityEntertainmentConstruction & Real EstateFilm/Media ProductionHealthcare

Education

School District

Clark County School District: C+ (Niche 2025)
District Rating

Top Schools

  • West Career & Technical Academy
  • Advanced Technologies Academy
  • Coronado High School

Higher Education

  • University of Nevada, Las Vegas (UNLV)
  • Nevada State College
  • College of Southern Nevada

Infrastructure & Development

Major Projects

  • Warner Bros $8.5B film studio expansion
  • Sony Pictures $1.8B studio in Summerlin
  • Oakland A’s MLB ballpark (opening 2028)
  • Brightline West high-speed rail (to LA, $2.5B)

Transportation

  • Brightline West rail project
  • I-15 corridor upgrades

Planned Developments

  • Mixed-use and residential projects in Summerlin, Henderson, and North Las Vegas

Lifestyle & Amenities

Recreation

  • Red Rock Canyon
  • Lake Mead
  • Golf courses
  • Resort pools

Dining & Entertainment

  • World-class restaurants
  • The Strip entertainment
  • Downtown Arts District

Cultural Attractions

  • Smith Center for the Performing Arts
  • Neon Museum
  • Mob Museum

Investment Analysis

Investment Opportunities

  • Rising inventory creates more options for buyers
  • Major infrastructure and entertainment projects driving long-term demand
  • Strong rental demand (23% of sales to investors)

Growth Outlook

Moderate; home values forecast to rise 2.5%-3.5% annually through 2025

Market Risks

  • Softening buyer demand and declining sales volume
  • Potential for further price corrections if inventory continues rising
  • High investor ownership may increase volatility

Rental Market

Strong; institutional investors own 14% of SFR stock; high rental demand

Marketing Intelligence

Target Demographics

  • Relocators from California and Western states
  • Investors (institutional and individual)
  • First-time buyers seeking affordability

Marketing Channels

  • Digital advertising (Zillow, Realtor.com)
  • Social media (Instagram, Facebook)
  • Virtual tours and video walkthroughs

Pricing Strategies

Price slightly below recent comps to attract offers in a cooling market

Common Objections & Response Strategies

Objection: Is the market about to crash?

Response Strategy:

Emphasize market resilience, ongoing in-migration, and long-term infrastructure investments supporting demand.

Objection: Homes are unaffordable with current rates.

Response Strategy:

Highlight increased inventory, more negotiation room, and potential for rate buydowns or seller concessions.

Objection: Too much competition from investors.

Response Strategy:

Point out that rising supply gives traditional buyers more leverage and options.

Professional Recommendations

1

Educate clients on shifting market dynamics and increased inventory

2

Advise sellers to price competitively and invest in staging

3

Highlight long-term value of proximity to major projects

4

Target marketing to out-of-state buyers and investors

5

Stay updated on infrastructure and development news to inform clients

Competitive Analysis

Comparable Markets

  • Phoenix, AZ
  • Austin, TX
  • Orlando, FL

Market Positioning

Las Vegas is positioned as a growth market with strong rental/investor appeal and major development projects.

Competitive Advantages

  • Lower median price than coastal metros
  • No state income tax
  • Major entertainment and lifestyle draws

Price Comparison

Median price ($480K) is higher than Phoenix ($445K), lower than Austin ($540K), and similar to Orlando ($470K).

Investment Metrics

5.2% average (SFR, 2025 estimate)
Cap Rates
6.1% gross yield (metro average)
Rental Yields
17.5 (metro average)
Price-to-Rent
Strong for well-located SFRs and multifamily; high demand for rentals
Cash Flow
2.5%-3.5% annual through 2025
Appreciation

Buyer Journey Insights

First-Time Buyers

More options and less competition, but affordability remains a challenge; seek down payment assistance and rate buydowns.

Move-Up Buyers

Can leverage equity gains from prior years; more inventory to choose from.

Downsizers

Benefit from strong demand for entry-level homes; can negotiate on price for larger homes.

Investors

Strong rental demand and institutional activity; focus on SFRs and multifamily near major projects.

Relocators

Attracted by lifestyle, job growth, and lower taxes; prioritize proximity to new infrastructure and amenities.

This city analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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