June 2025 Condo & Townhouse Market Update – Las Vegas

by Ryan Rose

🏙️ June 2025 Condo & Townhouse Market Update – Las Vegas

Here’s the update condo owners and buyers in Vegas need to see.

📉 Only 515 condos/townhomes sold in June, a 14.9% drop from last year.
🏢 But inventory? It’s up nearly 88%, with over 2,500 active listings sitting on the market.

Even with sales slowing, prices are climbing:

Median sold price: $305,000 (up 3.4%)
Median listing price: $297,500
Average sold price: $313,389

So while prices are holding steady, buyer urgency is slowing down. Only 50% of units sold within 30 days, compared to over 60% last year. And we now have 5.0 months of inventory, double what we had in June 2024.

What does that mean?

👉 Buyers: You’ve got leverage.
👉 Sellers: Price smart or risk getting overlooked.

Las Vegas Condo Market FAQ – June 2025 Trends & Tips

Q1: Why did condo and townhome sales drop in June 2025?

Sales declined by 14.9% compared to last year, largely due to higher inventory, shifting buyer demand, and less urgency in the current market. Many buyers are taking their time before making offers.

Q2: What does it mean that inventory is up 88%?

With over 2,500 active listings, buyers have far more options to choose from. This puts pressure on sellers to price competitively and offer strong value to stand out.

Q3: Are prices going down despite slower sales?

Not yet. The median sold price actually increased to $305,000, up 3.4% year-over-year. However, if demand continues to soften, pricing trends could shift in the months ahead.

Q4: How long are condos taking to sell right now?

Only 50% of units sold within 30 days in June 2025, compared to over 60% last year. This reflects more cautious buyers and a less competitive market.

Q5: What is “months of inventory” and why does it matter?

Months of inventory measures how long it would take to sell all current listings at the current sales pace. At 5.0 months, it signals a shift toward a buyer’s market, where sellers must work harder to attract offers.

Q6: What should Las Vegas condo buyers do in this market?

Buyers now have more negotiating power. Look for motivated sellers, request concessions, and focus on units that have been sitting on the market. There are hidden gems out there.

Q7: What should condo sellers do to stay competitive?

Price smart and avoid overpricing. Make sure your property stands out with great photos, clean staging, and an agent who knows how to position it right. The right strategy still leads to quick, strong offers.

Q8: How can I find the best condo deals in Las Vegas?

You can DM “JUNE CONDO” to get hand-picked listings that aren’t getting attention but offer great value. I help buyers uncover opportunities others overlook.

Q9: Where can I find out what my condo is worth today?

Visit www.rosehomeslv.com/evaluation for a no-pressure, up-to-date valuation based on current market activity and local comps.

🧠 How I Can Help

Want to know what your condo is really worth?
📍 Visit www.rosehomeslv.com/evaluation

Need help finding hidden gems in this slower market?
📩 DM me “JUNE CONDO” and I’ll send you the best ones no one’s looking at.

I'm Ryan Rose, The Ethical Vegas Realtor.
No pressure. No BS. Just what you need to know.

GET MORE INFORMATION

Ryan Rose

Agent | License ID: S.0185572

+1(702) 747-5921 | ryan@rosehomeslv.com