The median price of a single-family home sold in the Las Vegas area in May was a record $490,000, according to a report released this morning by Las Vegas Realtors.
That topped the previous record of $488,995 set in November. It was an increase of 2.1% from May 2025.
“Although single-family home prices hit a new high-water mark in May, local home prices have still been pretty stable this year,” Las Vegas Realtors President George Kypreos said in a statement. “And even though the number of homes being sold has been fairly flat, we’re confident the demand for homes here in Southern Nevada remains strong.”
Condos and townhomes were a different story.
The median sale price for those properties was $295,000 in May, down 3.9% from the same month last year and well below the record of $315,000 set in October 2024.
Las Vegas Realtors reported 2,575 existing homes, condos and townhomes sold in May.
Inventory rose modestly. There were 6,784 single-family homes listed without offers at the end of May, up 2.1% year-over-year, while condo and townhome listings without offers increased 5.1% to 2,639.