Market Updates · June 2025
Las Vegas Market Update: June 2025
By Matthew Gambill, Broker-Owner
This update covers Las Vegas data for June 2025. Report released .
Months of supply in Las Vegas was higher in June 2025 than a year earlier. Single-family homes had 3.6 months, up 82.8% from June 2024, and condos and townhomes had 5.0 months, up 120.3% (Las Vegas REALTORS, June 2025). From May, single-family months of supply rose 12.8% and the condo and townhome figure rose 10.9%.
Sources: Las Vegas REALTORS, June 2025; Zillow Observed Rent Index.
Key Numbers
Figures for June 2025, compared with May 2025 and June 2024.
| Metric | June 2025 | May 2025 | June 2024 | Change from May | Change from a year earlier |
|---|---|---|---|---|---|
| Single-family median sales price | $485,000 | $480,000 | $475,000 | up 1.0% | up 2.1% |
| Single-family homes sold | 1,946 | 2,087 | 2,093 | down 6.8% | down 7.0% |
| Single-family new listings | 3,252 | 3,591 | 2,819 | down 9.4% | up 15.4% |
| Single-family homes for sale without offers | 6,992 | 6,646 | 4,114 | up 5.2% | up 70.0% |
| Single-family months of supply | 3.6 | 3.2 | 2.0 | up 12.8% | up 82.8% |
| Single-family homes sold within 30 days (share) | 61.4% | 61.3% | 71.6% | up 0.1 points | down 10.2 points |
| Condo and townhome median sales price | $305,000 | $307,000 | $295,000 | down 0.7% | up 3.4% |
| Condos and townhomes sold | 515 | 559 | 605 | down 7.9% | down 14.9% |
| Condo and townhome new listings | 926 | 1,103 | 828 | down 16.0% | up 11.8% |
| Condos and townhomes for sale without offers | 2,564 | 2,510 | 1,367 | up 2.2% | up 87.6% |
| Condo and townhome months of supply | 5.0 | 4.5 | 2.3 | up 10.9% | up 120.3% |
| Condos and townhomes sold within 30 days (share) | 50.7% | 54.9% | 61.5% | down 4.2 points | down 10.8 points |
| Zillow Observed Rent Index (asking rent) | $1,717 | $1,719 | $1,710 | down 0.1% | up 0.4% |
Sources: Las Vegas REALTORS, June 2025 (home sales rows); Zillow Observed Rent Index (rent row).
Inventory Rose
Single-family homes for sale without offers numbered 6,992, up 5.2% from May and up 70.0% from a year earlier. Condo and townhome inventory was 2,564, up 2.2% from May and up 87.6% from June 2024 (Las Vegas REALTORS, June 2025).
Fewer Closings and New Listings
Single-family closings fell 6.8% from May, to 1,946, and condo and townhome closings fell 7.9%, to 515 (Las Vegas REALTORS, June 2025). New single-family listings fell 9.4%, to 3,252, and new condo and townhome listings fell 16.0%, to 926.
Median Prices
The single-family median sales price rose 1.0% from May, to $485,000, and was up 2.1% from a year earlier. The condo and townhome median was $305,000, down 0.7% from May and up 3.4% from June 2024.
Of the single-family homes that closed, 61.4% sold within 30 days, up 0.1 points from May. The condo and townhome share was 50.7%, down 4.2 points from May and down 10.8 points from June 2024's 61.5%.
The Zillow Rent Index
The Zillow Observed Rent Index for the Las Vegas metro was $1,717, down 0.1% from May and up 0.4% from a year earlier. It measures asking rents across all rental types.
For owners comparing a sale with a lease, June offered a $485,000 single-family median and 3.6 single-family months of supply, with asking rents up 0.4% on the year. These figures cover the whole market, so a single home can lease or sell for more or less.
Our Firm
The Property Management Firm is broker-owned and Nevada-licensed. We primarily manage long-term residential rentals in Las Vegas, North Las Vegas and Henderson, and our team screens residents and runs the day-to-day work. Before larger repairs and before renewal terms are set, we check with you. Professional photographers we hire take all of our marketing photos. Get a Free Rental Analysis, and we'll reply within one business day.
Frequently Asked Questions
What was the median home price in Las Vegas in June 2025?
It was $485,000 for single-family homes, up 2.1% from a year earlier, according to Las Vegas REALTORS, June 2025. The condo and townhome median was $305,000.
How many homes sold in Las Vegas in June 2025?
According to Las Vegas REALTORS, June 2025, 1,946 single-family homes and 515 condos and townhomes closed.
What was the median rent in Las Vegas in June 2025?
The Zillow Observed Rent Index for the metro was $1,717, up 0.4% from a year earlier.
How many months of supply did Las Vegas have in June 2025?
Single-family homes had 3.6 months of supply and condos and townhomes had 5.0, according to Las Vegas REALTORS, June 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, June 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 June 1, 2025 through June 30, 2025.
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