Market Updates · April 2025
Las Vegas Market Update: April 2025
By Matthew Gambill, Broker-Owner
This update covers Las Vegas data for April 2025. Report released .
Las Vegas home prices were higher in April 2025 than a year earlier. The single-family median sales price was $480,000, up 2.3% from April 2024, and the condo and townhome median was $302,700, up 4.4% (Las Vegas REALTORS, April 2025). From March, the single-family median dipped 1.0% and the condo and townhome median dipped 1.2%.
Sources: Las Vegas REALTORS, April 2025; Zillow Observed Rent Index.
Key Numbers
Figures for April 2025, compared with March 2025 and April 2024.
| Metric | April 2025 | March 2025 | April 2024 | Change from March | Change from a year earlier |
|---|---|---|---|---|---|
| Single-family median sales price | $480,000 | $485,000 | $469,000 | down 1.0% | up 2.3% |
| Single-family homes sold | 2,174 | 2,142 | 2,339 | up 1.5% | down 7.1% |
| Single-family new listings | 3,663 | 3,340 | 2,874 | up 9.7% | up 27.5% |
| Single-family homes for sale without offers | 6,213 | 5,416 | 3,476 | up 14.7% | up 78.7% |
| Single-family months of supply | 2.9 | 2.5 | 1.5 | up 13.0% | up 92.3% |
| Single-family homes sold within 30 days (share) | 60.3% | 56.9% | 68.5% | up 3.4 points | down 8.2 points |
| Condo and townhome median sales price | $302,700 | $306,495 | $290,000 | down 1.2% | up 4.4% |
| Condos and townhomes sold | 544 | 570 | 621 | down 4.6% | down 12.4% |
| Condo and townhome new listings | 1,015 | 1,053 | 866 | down 3.6% | up 17.2% |
| Condos and townhomes for sale without offers | 2,390 | 2,204 | 1,248 | up 8.4% | up 91.5% |
| Condo and townhome months of supply | 4.4 | 3.9 | 2.0 | up 13.6% | up 118.6% |
| Condos and townhomes sold within 30 days (share) | 52.9% | 54.2% | 66.2% | down 1.3 points | down 13.3 points |
| Zillow Observed Rent Index (asking rent) | $1,722 | $1,725 | $1,697 | down 0.2% | up 1.5% |
Sources: Las Vegas REALTORS, April 2025 (home sales rows); Zillow Observed Rent Index (rent row).
Inventory Climbed
Single-family homes for sale without offers rose 14.7% from March, to 6,213, and were up 78.7% from a year earlier (Las Vegas REALTORS, April 2025). Condo and townhome inventory rose 8.4%, to 2,390. Single-family months of supply rose to 2.9 from 2.5, and condo and townhome months of supply rose to 4.4 from 3.9.
New Listings and Closings
New single-family listings rose 9.7%, to 3,663, while new condo and townhome listings fell 3.6%, to 1,015. Single-family closings rose 1.5%, to 2,174, and condo and townhome closings fell 4.6%, to 544 (Las Vegas REALTORS, April 2025).
Sales Within 30 Days
Of the single-family homes that closed, 60.3% sold within 30 days, up 3.4 points from March and down 8.2 points from April 2024's 68.5%. The condo and townhome share was 52.9%, down 1.3 points from March.
April Asking Rents
The Zillow Observed Rent Index for the Las Vegas metro was $1,722, down 0.2% from March and up 1.5% from a year earlier. It tracks asking rents across all rental types.
Rent or Sell Reference Points
Owners comparing renting with selling had these April reference points:
A single-family median sales price of $480,000, up 2.3% from a year earlier.
Single-family months of supply of 2.9.
Asking rents up 1.5% from a year earlier on the Zillow index.
These are market-wide figures, so a single home can lease or sell for more or less.
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Frequently Asked Questions
What was the median home price in Las Vegas in April 2025?
It was $480,000 for single-family homes, up 2.3% from a year earlier, according to Las Vegas REALTORS, April 2025. The condo and townhome median was $302,700.
How many homes sold in Las Vegas in April 2025?
According to Las Vegas REALTORS, April 2025, 2,174 single-family homes and 544 condos and townhomes closed.
What was the median rent in Las Vegas in April 2025?
The Zillow Observed Rent Index for the metro was $1,722, up 1.5% from a year earlier.
How many months of supply did Las Vegas have in April 2025?
Single-family homes had 2.9 months of supply and condos and townhomes had 4.4, according to Las Vegas REALTORS, April 2025.
Do these numbers apply to my neighborhood?
Not directly. They're market-wide figures, and results for a single home can differ by neighborhood and by the home itself.
Sources
Las Vegas REALTORS, April 2025: home prices, sales, listings, inventory and months of supply
Zillow Observed Rent Index (ZORI), Las Vegas metro, smoothed and seasonally adjusted: asking rents
Related Reading
About the Author
Matthew Gambill is a Broker-Owner of The Property Management Firm, a Nevada-licensed brokerage that primarily manages long-term residential rentals in Las Vegas, North Las Vegas and Henderson. Meet the brokers.
This is general market information, not financial or legal advice. Market-wide figures can be revised and won't match every home, so talk with a licensed professional about your own situation.
Based on information from the Greater Las Vegas Association of REALTORS® Multiple Listing Service for the period April 1, 2025 through April 30, 2025.
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