Las Vegas, NV Inventory Jumps to 49.3% YoY Reaching 7,177 Homes for Sale in 2025

Las Vegas, NV is experiencing a significant surge in homes for sale in 2025, with inventory rising by 49.3% year-over-year. The total number of listings jumped from 4,804 in January 2024 to 7,177 in January 2025, indicating a sharp increase in housing availability. This surge suggests a cooling real estate market, potentially driven by changing buyer demand, rising interest rates, or increased home construction. This means buyers will find more options, while sellers face longer listing times and price adjustments.

Las Vegas, NZ’s Homes for Sale Analysis Over the Years

Las Vegas’ housing inventory has fluctuated significantly over the past decade. Before the pandemic (2018-2019), the city saw a surge in homes for sale, with inventory peaking at 8,621 listings in 2019, following a 90.4% YoY growth in 2019. However, the market shifted as the pandemic began according to data available on Reventure App. 

The sales inventory growth YoY of the Las Vegas metro reached 49.3% in 2025. Access the Homes for Sale chart of Las Vegas, NV here. [Link]

During the pandemic (2020-2021), the housing market tightened due to economic uncertainty and high buyer demand. Inventory dropped to 3,875 listings in 2021, marking a steep decline from previous years. Supply shortages and low interest contributed to the low inventory levels during the pandemic.

Post-pandemic (2022-onwards), inventory rebounded, reaching 8,406 homes in 2023, followed by a drop in 2024 to 4,804 homes. However, in 2025, the market saw a sharp 49.3% YoY increase, with 7,177 homes for sale, indicating a shift towards higher availability. This surge suggests a cooling market and higher mortgage rates limiting buyer demand.

Homes for Sale Trend in Counties of Las Vegas, NV

The only county in the Las Vegas metro is Clark County, which has experienced several fluctuations in the homes for sale and other parameters over the years. In January 2025, inventory rose to 7,177 homes for sale, marking a 10.9% surplus over the long-term average of 6,467 homes. This indicates a growing supply that could pressure prices downward.

Clark County’s homes for sale reached 7,177 in 2025. Access the Homes for Sale chart of Las Vegas, NV here. [Link]

The price cut percentage stands at 23.5%, meaning nearly a quarter of sellers are reducing their listing prices, highlighting weaker demand. Moreover, the median days on the market have increased to 62 in 2025, compared to 39 in 2022, further reflecting a cooling market. Despite these shifts, home value growth remains at 5.4% YoY, showing some stability.

According to data available on Reventure App, Clark County’s housing market is tilting downward, with rising inventory, longer selling times, and increasing price reductions. If this trend continues, home prices will decline further, favoring buyers in the coming months while challenging sellers.

Las Vegas, NV’s Housing Market Predictions in 2025

Las Vegas’ housing market in 2025 is projected to remain stable but slightly tilted downward, with a home price forecast score of 47 out of 100. It is important to know that a score of 45 to 49 indicates stability with a downward tilt on Reventure App. This score also suggests a cooling market, where buyer demand is softening while inventory is increasing.

Las Vegas, NV Home price forecast score reached 47/ 100 entering 2025. Access the home price forecast score chart here. [Link]

Although still within the stability range, the downward tilt suggests future home price declines are possible if inventory continues to outpace demand. Sellers will need to adjust pricing expectations, while buyers find better deals. If this trend continues, Las Vegas will transition from a stable market to a complete buyer’s market, giving more leverage to those looking to purchase homes. If you want a detailed analysis of the Las Vegas, NV metro area, explore the housing market data at the ZIP-code level on Reventure App.

Access Housing Market data for Nevada and other States on Reventure App.