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By David Grant, Henderson & Las Vegas Real Estate Professional
If you’ve been asking yourself, “Are Las Vegas homes still affordable in 2025?” you’re not alone.
With national headlines focusing on high home prices and mortgage rates, it’s easy to assume that owning a home in Southern Nevada is out of reach. But the reality is more nuanced — and there are still opportunities for buyers who know where to look.
The 2025 Las Vegas & Henderson Housing Market Snapshot
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Median Home Price (Las Vegas Metro): ~$420,000
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Median Home Price (Henderson): ~$455,000
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Year-over-Year Inventory Change: +70–78% in many neighborhoods
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Current Mortgage Rate Range: 6–7% for most buyers (as of August 2025)
The takeaway? Yes, prices are higher than they were a few years ago, but increased inventory is giving buyers more choice — and more negotiating power — than they’ve had in years.
Why Affordability Isn’t One-Size-Fits-All
Affordability depends on three major factors:
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Neighborhood Selection – Some Las Vegas and Henderson communities are still offering homes well below the median price, especially in emerging neighborhoods and certain 55+ communities.
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Mortgage Strategy – Working with a knowledgeable lender can unlock programs that lower monthly payments or reduce upfront costs.
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Negotiation Skills – In a higher-inventory market, sellers are more open to price reductions, repair credits, and covering closing costs.
Opportunities for Today’s Buyers
Here are a few ways buyers are finding success in 2025:
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Exploring Off-Market Properties – Homes not listed publicly can sometimes be negotiated for better terms.
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Targeting Price Drops – With more homes available, sellers are adjusting pricing to stay competitive.
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Looking Beyond the Obvious – Communities just outside of hot zones like Summerlin and Green Valley can offer better value without sacrificing amenities.
For Sellers: Affordability Also Works in Your Favor
It’s not just buyers who benefit from the current market shift. With more buyers able to enter the market thanks to increased choice, sellers still have the opportunity to attract qualified, motivated purchasers — especially when pricing is competitive and marketing is strategic.
Bottom Line: Is It Still Affordable?
For many buyers, yes — if you approach the market with the right information and guidance.
The key is understanding local pricing trends, getting pre-approved early, and working with a real estate professional who knows where to find the best opportunities.
If you’ve been sitting on the sidelines, now might be the perfect time to see what’s possible.
Ready to start your Las Vegas or Henderson home search?
📲 Call or message me today for a free market consultation — let’s find the right home for your goals and budget.
