Key Trends in the Las Vegas Luxury Market

Real Estate July 22, 2025

Key Trends in the Las Vegas Luxury Market:
  • Increased Inventory:
    Luxury home inventory has seen a significant rise, especially in the $1M-$3M range, providing buyers with more options. 
     
  • Strong Buyer Demand:
    Despite the increased inventory, demand for luxury homes remains robust, with a notable increase in sales year-over-year. 
     
  • Out-of-State Buyers:
    Relocation buyers from high-tax states like California are driving demand, seeking Nevada's favorable tax environment. 
     
  • International Investors:
    International buyers are also investing in Las Vegas luxury real estate, viewing it as a prime location for second homes and investment properties. 
     
  • Price Appreciation:
    The median sale price for luxury homes has seen steady appreciation, with a 3% year-over-year increase in March 2025. 
     
  • Competitive Market:
    The influx of listings and continued demand have created a more balanced market, where strategic pricing and property presentation are crucial for sellers to succeed. 
     
  • Emerging Neighborhoods:
    Neighborhoods like The Ridges in Summerlin, The Summit Club, and MacDonald Highlands in Henderson are particularly popular for luxury buyers due to their amenities and high-end properties. 
     
Specifics:
  • Homes Between $1M - $3M:
    These homes have seen a 39% year-over-year growth in active listings, totaling 1,129 in March 2025. 
     
  • Luxury Resales:
    Las Vegas saw 751 luxury resales through the end of May 2024, marking the second-best start to the year in history. 
     
  • Median Sale Price:
    The median sale price for luxury homes in March 2025 was $1.325 million. 
     
  • Sales Volume:
    155 luxury homes were sold in March 2025, a 32% increase compared to the previous year. 
     
  • Inventory Growth:
    Inventory levels have increased across all price points in the luxury market, with homes over $1 million showing a 20% increase in August 2024. 
     
 
Overall, the Las Vegas luxury real estate market is dynamic and presents opportunities for both buyers and sellers. Staying informed about market trends and working with experienced professionals is key to navigating this market

Recent Blog Posts

Stay up to date on the latest real estate trends.

Real Estate

Must-Have Smart Home Features for Dragon Ridge, NV Homeowners

Enhancing Your Dragon Ridge Lifestyle with Cutting-Edge Home Technology

Real Estate

How to Remodel Your Home in Ascaya, NV Without the Stress

Effortless Tips for a Smooth Home Renovation Experience in Ascaya

JULY 2025 | MARKET REPORT

JULY 2025 LUXURY MARKET REPORT | GREATER LAS VEGAS

Overview of the Greater Las Vegas Real Estate Market

LISTING OF THE WEEK

Southwestern-Style California Compound Comes With a 14-Car Underground Garage, a Helipad and Two Guest Houses

The 6.44-acre home, which is just outside of Fresno, has big mountain views, sports courts, a wine cellar, an observation deck and loads of privacy!

Real Estate

Key Trends in the Las Vegas Luxury Market

Overall, the Las Vegas luxury real estate market is dynamic and presents opportunities for both buyers and sellers. Staying informed about market trends and working wi… Read more

Real Estate

Choosing the Perfect Neighborhood in Mission Hills, NV

A Comprehensive Guide to Finding Your Ideal Community in Mission Hills

Greater Las Vegas Luxury Real Estate Report July 2025!

What's up with the luxury real estate market in greater Las Vegas?

View All

Work With Us

Contact Us
Get in Touch
Contact Details

PRESCINDIA MISCH

(323) 448-8366

[email protected]



2635 Saint Rose Pkwy
Henderson NV 89052