Market Updates · October 2025
Las Vegas Market Update: October 2025
By Matthew Gambill, Broker-Owner
This update covers Las Vegas data for October 2025. Report released .
Single-family homes and condos moved in different directions in Las Vegas in October 2025. Single-family closings fell 8.5% from September, to 1,724, while condo and townhome closings rose 1.4%, to 492 (Las Vegas REALTORS, October 2025). The single-family median rose 0.9%, to $474,370, and the condo and townhome median fell 3.1%, to $285,000.
Sources: Las Vegas REALTORS, October 2025; Zillow Observed Rent Index.
Key Numbers
Figures for October 2025, compared with September 2025 and October 2024.
| Metric | October 2025 | September 2025 | October 2024 | Change from September | Change from a year earlier |
|---|---|---|---|---|---|
| Single-family median sales price | $474,370 | $470,000 | $475,531 | up 0.9% | down 0.2% |
| Single-family homes sold | 1,724 | 1,884 | 1,918 | down 8.5% | down 10.1% |
| Single-family new listings | 3,077 | 3,161 | 2,867 | down 2.7% | up 7.3% |
| Single-family homes for sale without offers | 7,538 | 7,502 | 5,784 | up 0.5% | up 30.3% |
| Single-family months of supply | 4.4 | 4.0 | 3.0 | up 9.8% | up 45.0% |
| Single-family homes sold within 30 days (share) | 50.4% | 50.2% | 58.9% | up 0.2 points | down 8.5 points |
| Condo and townhome median sales price | $285,000 | $294,000 | $315,000 | down 3.1% | down 9.5% |
| Condos and townhomes sold | 492 | 485 | 540 | up 1.4% | down 8.9% |
| Condo and townhome new listings | 935 | 885 | 830 | up 5.6% | up 12.7% |
| Condos and townhomes for sale without offers | 2,660 | 2,605 | 1,799 | up 2.1% | up 47.9% |
| Condo and townhome months of supply | 5.4 | 5.4 | 3.3 | up 0.7% | up 62.3% |
| Condos and townhomes sold within 30 days (share) | 42.7% | 46.4% | 59.4% | down 3.7 points | down 16.7 points |
| Zillow Observed Rent Index (asking rent) | $1,721 | $1,719 | $1,714 | up 0.1% | up 0.4% |
Sources: Las Vegas REALTORS, October 2025 (home sales rows); Zillow Observed Rent Index (rent row).
Compared With October 2024
Year over year, single-family closings were down 10.1% and condo and townhome closings were down 8.9% (Las Vegas REALTORS, October 2025). The single-family median was down 0.2% from a year earlier, and the condo and townhome median was down 9.5%.
Of the single-family homes that closed, 50.4% sold within 30 days, against 58.9% in October 2024. The condo and townhome share was 42.7%, down 3.7 points from September and down 16.7 points from a year earlier.
Inventory Was Up From a Year Earlier
Single-family homes for sale without offers numbered 7,538, up 0.5% from September and up 30.3% from October 2024. Condo and townhome inventory was 2,660, up 47.9% from a year earlier (Las Vegas REALTORS, October 2025). Single-family months of supply rose to 4.4 from 4.0 in September, and condo and townhome months of supply was 5.4, up 0.7% from September.
New Listings
New single-family listings totaled 3,077, down 2.7% from September and up 7.3% from a year earlier. New condo and townhome listings rose 5.6%, to 935.
Rents in October
The Zillow Observed Rent Index for the Las Vegas metro was $1,721, up 0.1% from September and up 0.4% from October 2024, measured across all rental types.
For an owner comparing a sale with a lease, October offered a $474,370 single-family median and 4.4 single-family months of supply. Those figures cover the whole market, and one 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 October 2025?
It was $474,370 for single-family homes, down 0.2% from a year earlier, according to Las Vegas REALTORS, October 2025. The condo and townhome median was $285,000.
How many homes sold in Las Vegas in October 2025?
According to Las Vegas REALTORS, October 2025, 1,724 single-family homes and 492 condos and townhomes closed.
What was the median rent in Las Vegas in October 2025?
The Zillow Observed Rent Index for the metro was $1,721, up 0.4% from a year earlier.
How many months of supply did Las Vegas have in October 2025?
Single-family homes had 4.4 months of supply and condos and townhomes had 5.4, according to Las Vegas REALTORS, October 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, October 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 October 1, 2025 through October 31, 2025.
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