Source: Las Vegas REALTORS®
Southern Nevada’s housing market continues to shift, with increasing inventory and slower buyer activity defining the close of 2025.
Key Stats for November 2025
✔️ Median Sales Price (Single-Family Homes): $473,000 — Down 0.4% from last year
✔️ Units Sold (SFH): 1,542 — Down 3.6% year-over-year
✔️ New Listings (SFH): 2,741 — Down 2.7%
✔️ Total Inventory (SFH): 7,480 — Up 25.3% from 2024
✔️ Effective Availability: 4.8 months — Reflecting a more balanced market
The condo and townhouse market shows a similar pattern:
✔️ Median Sales Price: $275,000 — Down 4.4%
✔️ Units Sold: 452 — Down 1.1%
✔️ New Listings: 887 — Down 5.8%
✔️ Total Inventory: 2,726 — Up 33.4%
What It Means for Buyers and Sellers
More inventory means buyers have more options and greater leverage than they’ve had in recent years. While median prices have softened slightly, sellers still benefit from historically strong long-term equity. A balanced market is returning, offering opportunities for both sides—especially in desirable communities like Queensridge, The Ridges, and MacDonald Highlands.
Queensridge Insight
For those considering buying or selling in Queensridge or other luxury enclaves in Summerlin, strategic pricing and high-quality marketing are key in this new landscape. Partnering with a local expert who understands the nuances of this evolving market ensures you’re positioned for success.
Click here for the full report: November 2025 Las Vegas REALTORS®
