Las Vegas Real Estate Market: First Week After New Year's – What’s Happening?

The champagne glasses are back in the cupboard, the confetti has settled, and 2025 is officially in full swing! Now that we’ve made it through the first week after New Year's, let’s take a look at what’s happening in the Las Vegas, North Las Vegas, and Henderson real estate market. If you’ve been thinking about buying or selling, here’s your first update of the year!

How Many Homes Are Available?

Right now, there’s plenty of inventory to choose from:
🏡 Single-Family Homes: 4,955 available, ranging from $147,411 to a jaw-dropping $32,000,000!
🏢 Condos: 1,020 on the market, priced between $110,000 and $27,500,000.
🏘️ Townhomes: 723 available, from $133,000 to $17,900,000.
🏠 Manufactured Homes: 65 properties, ranging from $65,000 to $699,000.

Whether you're dreaming of a luxury estate, a cozy condo, or an affordable starter home, there’s something for everyone.

Market Movement This Week

As the dust settles from the holiday madness, here’s how the first week of the new year shaped up:
✅ 461 homes went under contract – meaning plenty of buyers were ready to start 2025 with a new home!
🏁 382 closings – congratulations to everyone who got their keys this week!
⏳ 628 expired listings – a reminder that pricing, presentation, and the right strategy matter when selling.
📈 827 new listings hit the MLS – fresh inventory for buyers to check out!

What About Interest Rates?

Yes, interest rates ticked up a bit, but don’t let that scare you! Many sellers (and new home builders) are offering rate buy-downs to make homeownership more affordable. I also have connections with top lenders who can help you navigate the best financing options available. If you're curious about how you can still get a great deal despite the rate changes, let's talk!

New Year, New Home? Let’s Make It Happen!

2025 is shaping up to be an exciting year for real estate in Las Vegas. Whether you're buying, selling, or just watching the market, I’m here to help you understand your options and make the best move for you.

📞 Call or text me today to get started—let’s make this year your best real estate year yet!

🔹 Keli James – Real Estate Advisor
🔹 S.56134 – Epique Realty
🔹 📱 702-265-4323
🔹 📧 Kelijameslv@gmail.com
🔹 🌎 lvlocalguide.com

Your Home, My Priority!