Las Vegas Condo Market Update – April 2025
🏙️ Las Vegas Condo Market Update – April 2025
Are Vegas Condos Still Worth It? Here’s What the Latest Data Tells Us
If you're keeping an eye on the Las Vegas real estate market—especially the condo and townhouse segment—April 2025 brought some telling shifts. Whether you're a first-time buyer, investor, or thinking about selling your unit, this update breaks it all down in plain English.
I’m Ryan Rose, a full-time, full-transparency real estate agent here in Vegas. No pressure, no BS—just the facts and what they mean for you.
💵 Median Condo Prices in Las Vegas Continue to Rise
As of April 2025, the median sales price for condos and townhomes in Las Vegas hit $302,700, a 4.4% increase year-over-year.
While single-family homes are starting to level out, the condo market is quietly gaining equity—and that’s great news for owners and investors alike.
🏘️ Inventory Is Up—And That’s a Good Thing for Buyers
There are now 2,390 active condo and townhome listings in Las Vegas, a massive 91.5% increase compared to last year.
This is a big deal. Why? Because with 4.4 months of inventory on the market, we’re officially out of that red-hot seller’s market and into more balanced territory.
That means buyers now have leverage. You can shop around, take your time, and negotiate—things that were nearly impossible during the buying frenzy of 2020–2022.
📉 Fewer Sales, But More Breathing Room
In April, 544 condos and townhomes sold in Las Vegas, which is down 12.4% from last year and 4.6% from March. Homes are also sitting longer, with only 52.9% going under contract within 30 days (compared to 66% in April 2024).
This isn’t doom and gloom—it’s a shift toward normalcy. Fewer rushed decisions. More time to make smart moves.
💰 New Listings Are Priced More Realistically
The median list price for new condo listings in April came in at $296,834—actually lower than the median sale price.
That shows us two things:
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Some sellers are pricing low to spark multiple offers.
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Others are just being realistic about today’s market.
The average sales price was $310,438, slightly above the median, suggesting less volatility and more pricing consistency than the single-family side of the market.
🛍️ Buyers: This Is Your Window to Act
If you’ve been sidelined by bidding wars or high mortgage rates, this is your chance.
With nearly 2,400 active listings, you’ve got:
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More choices
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More time
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And in many cases, negotiating power
A well-written offer today could get you seller concessions, closing cost help, or even a discount on price—especially on listings that have sat for 30+ days.
📈 Investors: The Math Is Starting to Work Again
Looking to buy a Las Vegas condo as an investment property?
With condo prices in the $250K–$350K range and strong rental demand across Clark County, many investors are seeing higher cap rates and more cash flow potential—especially if they’re putting more money down to offset interest rates.
Keep in mind: gone are the days of easy 3% loans. Today’s investor needs to think long-term, focus on steady appreciation, and be smart about HOA fees and rental restrictions.
📍 Top Areas for Condos in Las Vegas Right Now
Here’s where I’m seeing the most activity and interest among buyers:
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Southwest Las Vegas & Summerlin Condos and Townhomes – Popular for newer townhome communities and walkable neighborhoods.
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Green Valley & Henderson Townhomes and Condos – Still in high demand, especially with great schools and amenities.
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Downtown Las Vegas – High-rises are trending again as more people embrace urban living.
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Spring Valley & The Lakes – Lower purchase prices with solid rent potential.
🔮 What’s Next for the Las Vegas Condo Market in 2025?
Expect things to stay balanced.
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Inventory will likely hover around 4–5 months of supply
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Price growth may cool to 2–3% annually—sustainable and stable
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Sellers will need to price competitively
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Buyers can keep their foot on the brake without missing the train
No bubble. No crash. Just a slower, smarter market—exactly what Las Vegas needed.
🧭 Final Thoughts: Should You Buy or Sell a Condo in Las Vegas Right Now?
Buyers:
Now is the time to act. Don’t wait for a crash that probably won’t happen. Use this market to your advantage—compare options, negotiate well, and buy smart.
Sellers:
It’s still a solid market—as long as you price right. Don’t chase yesterday’s highs. If you’re strategic, you can still sell quickly and profitably.
👋 Let’s Talk Real Estate, Without the Fluff
Need help navigating the Las Vegas condo market? Whether you’re buying, selling, relocating, or investing—I’ve got your back.
📞 Call or Text: 702.747.5921
📧 Email: Ryan@RoseHomesLV.com
🌐 www.RoseHomesLV.com
📱 Instagram: @RoseHomesLV
🗓️ Book a Strategy Call: www.rosehomeslv.com/calendar
Want insights on a specific neighborhood, zip code, or price range?
Drop a comment or shoot me a message—I respond personally.
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