What’s Happening in the Las Vegas Real Estate Market? [July Update]

If you’re wondering what’s actually going on in the Las Vegas housing market—not just TikTok hype or Zillow clickbait—you’re in the right place.

This week, 910 new listings hit the Las Vegas MLS. That’s a healthy bump in inventory, offering some fresh options for buyers. But don’t let that fool you—competition is still real, especially in popular zip codes like 89011, 89138, and 89052.

Average Price & Square Footage

The average price of homes this week sits at $614,739 with an average living area of 2,036 sq ft. That gives us an average price per square foot of just over $300—right on trend for the Vegas Valley.

Most Active Zip Codes

Top-performing areas include:

• 89011 (Lake Las Vegas/Henderson)

• 89138 (Summerlin West)

• 89052 (Green Valley Ranch)

• 89131 (Northwest Las Vegas)

These areas are driving the bulk of buyer activity, and if you’ve been watching the market closely, you’ll know why—great schools, new construction, and easy freeway access.

Pools Are Still Premium

Only 911 properties listed have pools—out of nearly 4,800 active or changing listings. Translation? Pool homes are still in demand and priced accordingly.

Market Movement

Homes are sitting on the market for a median of 24 days. That’s balanced. Not a frenzy. Not a stall. Just enough time to view, think, and make a solid offer if you’re ready.

Highs & Lows

• High: $28 million in The Ridges (89135)

• Low: $30,000 in 89008 (Panaca—yes, it’s still technically Nevada)

Whether you’re buying, selling, or watching from the sidelines, one thing’s clear—Vegas real estate is alive and well.