Your Guide to the Hotsheet: Is the Las Vegas Market Sizzling or Just Getting Started?

by Ryan Rose

 

Hey there, friends! It's your favorite ethical Vegas realtor again (yeah, the one who talks hockey and houses like they’re the same thing—fast-moving, strategic, and occasionally brutal). And let me tell you, this week’s Las Vegas MLS Hotsheet? It’s got some heat.

We just had 1,016 new listings hit the market. That's not a typo. Over a thousand fresh listings in one week. I haven’t seen this much action since the Golden Knights made their Cup run. And here’s the kicker: it’s not just quantity—it’s quality. Let’s break it down, no BS, just insight.

Seller Confidence Is High

When this many homes go live in one week, it usually means sellers are feeling good. And honestly? They should be. Demand’s still strong, especially for homes priced right. If you're selling, the window is wide open—but only if you're realistic about price and presentation. Don’t get cute. Price it smart and you’ll move.

Average Price vs. Real Price

The average price this week? Around $585K. But let’s be honest—averages are like those slot machines at the airport. They don’t tell the whole story. The median price is $485K, and that’s the real bullseye. That’s where most buyers are shopping and where most sales are closing.

Now, here’s the twist: new listings are averaging closer to $598K. That means sellers are either listing high-end homes, or some folks are getting...let’s say aspirational. If you’re buying in Summerlin, Henderson, or anywhere near a good school or shiny new development, expect to pay up.

How Fast Are Homes Selling?

The average Days on Market is 48, but the median is just 26. Translation? Most homes are selling in under a month, especially if they’re priced right and look good. The 48-day average is dragged up by overpriced listings that have been sitting longer than a puck in an empty net.

So if your home's still listed after two months? It's probably overpriced, under-marketed, or both.

Hot Zip Codes Right Now

Here are the top five zips for inventory this week:

  • 89011 (Lake Las Vegas & Cadence)

  • 89084 (Aliante & North Las Vegas)

  • 89052 (Henderson/South Green Valley)

  • 89121 (East Vegas—classic 70s ranches & flips)

  • 89138 (The Vistas in Summerlin—yes please)

If you're buying in any of these zones, you're in the thick of it. Expect more competition, more showings, and possibly more offers. Know your budget and move quick.

Pools, Beds & Baths

Want a private pool? Join the club—but get ready to search harder. Most homes on the sheet don’t have one. And for beds and baths, the sweet spot remains 3 beds, 3 baths, single-story or two. That’s the Vegas starter pack right there.


Final Take

Whether you’re buying or selling, this market isn’t cooling off—it’s evolving. More listings give buyers more choices, but pricing is still everything. Sellers, don’t chase old comps. Buyers, stay ready to strike.

And hey, if this all feels overwhelming, that’s why I’m here. DM me. Call me. Or send a carrier pigeon—I’ll get back to you either way.


✅ Las Vegas MLS Hotsheet & Market Trends FAQ (2025)

Q1: What is the Las Vegas MLS Hotsheet?
The MLS Hotsheet is a daily or weekly snapshot of newly listed homes, price changes, and properties that went under contract or sold. It helps buyers and sellers track current market activity in real-time.
Q2: How many new listings hit the Las Vegas market this week?
There were 1,016 new listings added to the Las Vegas MLS this week, signaling strong seller confidence and increased inventory across the valley.
Q3: What is the median home price in Las Vegas right now?
The median home price currently sits around $485,000. This figure reflects the middle point of all listings and provides a clearer picture than the average price, which is skewed by high-end homes.
Q4: How long are homes staying on the market?
The median Days on Market (DOM) is 26 days, meaning many homes are selling in under a month if priced right. The average DOM is 48, influenced by overpriced or stale listings.
Q5: What are the top zip codes for new listings?
The zip codes with the most new inventory include 89011 (Lake Las Vegas), 89084 (Aliante), 89052 (Henderson), 89121 (East Vegas), and 89138 (Summerlin West).
Q6: What’s the most common type of home listed?
The most common home layout currently listed includes 3 bedrooms and 3 bathrooms, often in one-story or two-story formats—ideal for families and move-up buyers.
Q7: How many homes listed have a pool?
While pools are in high demand due to the desert climate, the majority of homes currently listed do not include a private pool. Buyers who prioritize a pool should expect fewer options and potentially higher prices.
Q8: Should I list my Las Vegas home now?
Yes, if you price it correctly. With over 1,000 new listings this week and median DOM under 30 days, the market is active—but competitive. Homes priced too high tend to linger.

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Ryan Rose

Agent | License ID: S.0185572

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

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