Las Vegas Real Estate Market: Quick Update [Jan. 2025]

Las Vegas Real Estate Market Update: January 2025

• Total Inventory: 7,164 homes
• Single-Family Homes: 5,150 available
• Homes Sold in the Last 30 Days: 1,766 total, with 1,408 being single-family homes
• Interest rates may come down, leading to more affordability and increased buyer activity.

The Las Vegas real estate market had to adjust after the holidays, but we expect sales to pick up in the coming months. Prices will likely rise, so if you’re considering buying, now’s the time to act.

Condo vs. Townhouse: What’s the Difference?

Many buyers get confused about the difference between condos and townhouses. Here’s a simple breakdown:

Condos: You only own the air space inside the unit. The HOA takes care of the roof, exterior, and common areas.

Townhouses: You own the unit and usually some land. You may have a small yard or courtyard, and you’re usually responsible for your roof and exterior maintenance.

In other words: Townhomes generally provide more ownership control, while condos offer convenience with maintenance included.

Ready to Buy or Sell?

We recently helped a client buy a new home without needing any money for their earnest deposit. How? We stepped in and gave them the funds, which we’ll get back once their current house sells.

You don’t need any money to buy a new home if you already own a house and are looking to sell the old one. We’ll take care of you. We’ll help you. Not everyone offers this kind of support, and we’re happy to make it happen.

If you’re looking to buy or sell in Las Vegas, contact The Real Estate Guy. Let’s make your next real estate move a success!