Hey there, house-hunting hopefuls and home-selling stars! Bethany here, your go-to Las Vegas realtor, bringing you the scoop on what’s been happening in the Las Vegas real estate market in May 2025. Whether you’re buying, selling, or just curious, May’s market trends offer something for everyone—and I promise, it’s more fun than reading a spreadsheet.
What’s the Deal with May?
Let’s start with the basics:
| Metric | May 2025 | April 2025 | Change |
|---|---|---|---|
| Median Home Price | $480,000 | $480,000 | No change |
| Homes for Sale | 9,908 listings | 8,696 listings | +13.9% |
| Homes Sold | 1,631 homes | ~1,738 homes | −6.2% |
| Avg Days on Market | 37 days | 39 days | 2 days faster |
In a nutshell? Prices held steady, inventory climbed, and homes sold a tad faster—even if fewer closed the deal.
What This Means for Buyers
Buyers, you’re entering a sweet spot! Inventory is way up—by nearly 14% month-over-month and about 32% higher than this time last year. That means more choices, more room to negotiate, and less of that frantic “I need to make an offer RIGHT NOW!” energy.
Over half of May’s closings went below asking price. Yep, that’s right. You’ve got leverage—whether it’s negotiating on price, requesting repairs, or asking for those sweet-sweet contingencies.
And bonus? Homes are selling in about 37 days. Not too fast, not too slow. Just enough time to make thoughtful decisions without feeling rushed.
What This Means for Sellers
Okay, sellers—it’s not all doom and gloom for you. While it’s true that inventory is growing and buyers have a bit more wiggle room, homes are still moving! Two days faster than in April, in fact.
The median price has remained solid at $480,000 for two months in a row, and it’s 1.5% higher than May 2024. That means values are holding strong despite more listings and fewer closings.
If you’re thinking of listing, strategic pricing and solid presentation are your besties right now. Staged homes and those priced just right? Still turning heads and closing deals.
How Does Las Vegas Stack Up?
Compared to other markets in the West, Las Vegas is still doing well. Nationally, homes are taking about six days longer to sell year-over-year—but here, 37 days is keeping us competitive and active.
And remember, while inventory is on the rise, we’re still about 14% shy of pre-pandemic supply levels. So this isn’t a full-blown buyer’s market just yet—it’s more like a balanced market with a little buyer edge.
The Takeaway
Whether you’re looking to move into your dream home or part ways with your current one, May’s data points to opportunity—with a dash of strategy and a sprinkle of patience.
More homes = more options.
Steady pricing = stability.
Buyer power = negotiation wins.
Faster closings = a summer move is totally possible!
So… thinking about making a move in the Las Vegas Valley? Call or text me, and let’s get started!
Anytime between “now” and “right now” is a good time to take action on shaping your best life, and that includes where you live. Let’s get the ball rolling on your next steps.
(702) 374-6807. Or drop me a line here.
