Where Are Real Estate Prices Dropping the Most in Las Vegas?

Where Are Real Estate Prices Dropping the Most in Las Vegas?

If you’re house-hunting in Las Vegas or considering a smart investment, it helps to know: Where are prices actually dropping right now? While the overall market remains steady in 2025, some neighborhoods are seeing price adjustments that could work in your favor.

Here’s where real estate values have pulled back the most—and why that matters for buyers and investors.

1. North Las Vegas

North Las Vegas saw explosive growth in 2021 and 2022, but since then, prices have cooled. This is partly due to overbuilding and rising interest rates affecting affordability. If you’re looking for larger homes at a lower price per square foot, North Las Vegas could offer great value in 2025.

2. The Edges of Henderson

Certain parts of Henderson—especially older or less updated areas near Boulder Highway or eastern outskirts—have seen slight year-over-year price declines. These neighborhoods can offer a lower entry point into one of the Valley’s most desirable cities.

3. Southwest Las Vegas (select pockets)

While Mountain’s Edge and Southern Highlands remain popular, a few sections of the Southwest are seeing price cuts—especially on homes that were aggressively priced last year. If you’re flexible and working with a good agent, you can find deals in this high-demand corridor.

Why Are These Areas Cooling Off?

It's not a crash—it's a correction. In many cases, sellers are adjusting to today’s interest rate environment, and buyers have more leverage than they did a couple of years ago. Areas that were “hot” in 2022 are now balancing out, creating a window of opportunity.

Should You Buy in These Neighborhoods?

If you're focused on value, potential appreciation, and less competition, yes. Buying in an area with price dips today could pay off big in the next cycle. The key is knowing where to look—and having a guide who knows how to find those hidden gems.

📲 Want a list of neighborhoods with the best price drops right now? Call or text Ryan Rose at 702.747.5921 and let’s explore your options—no pressure, just honest answers.