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2025 Annual Market Report: Las Vegas Valley

Page 1


LAS VEGAS VALLEY

Leading HOME LAS VEGAS

FROM HENDERSON TO SUMMERLIN, DOUGLAS ELLIMAN IS THE ONLY NAME FOR LUXURY REAL ESTATE.

FIND HOME WITH US.

The Las Vegas luxury real estate market in 2025 demonstrated notable resilience and strategic recalibration following the volatility of 2024. While overall transaction volume moderated, pricing in premier communities remained stable to slightly upward, reflecting continued demand for quality, location, and lifestyle-driven assets. Guard-gated enclaves such as The Summit Club, Willow Creek, and Country Club Hills maintained strong buyer interest, particularly for newer or extensively renovated homes with modern design and privacy features.

Summerlin’s luxury neighborhoods, including The Ridges and Red Rock Country Club, experienced steady absorption, driven by relocations from California and the Pacific Northwest seeking tax advantages and lifestyle amenities. Meanwhile, communities such as Southern Highlands and MacDonald Highlands saw increased activity in the $3M–$7M range, supported by limited new construction and strong architectural appeal.

Compared to 2024, buyers in 2025 were more deliberate, favoring turnkey properties with premium outdoor living, smart-home technology, and proximity to golf, wellness, and entertainment offerings. Sellers who aligned pricing with market realities were rewarded with solid exposure and competitive interest.

Overall, 2025 reinforced Las Vegas’s position as a premier destination for luxury living in the Western United States.

Las Vegas Valley

ANNUAL 2025 DATA INCLUDES ALL SINGLE-FAMILY HOME SALES ACROSS LAS VEGAS AND HENDERSON, WITH YEAR-OVER-YEAR COMPARISONS TO ANNUAL 2024.

21,458

42

$485K

$25.25M

$619K AVERAGE PRICE

$276

2025

DAYS ON THE MARKET BY PRICE POINT

DAYS ON THE MARKET BY AREA

SALES PER AREA BY PRICE POINT

Las Vegas Valley Neighborhoods

Anthem Country Club

25 20

NESTLED IN THE FOOTHILLS OF BLACK MOUNTAIN, ANTHEM COUNTRY CLUB IS THE PINNACLE OF LIVING IN THE MASTER-PLANNED COMMUNITY of Anthem. Meandering along the golf course, Anthem Country Club is a collection of upscale tract and custom homes amongst almost 5,000 acres of beautifully landscaped homes with a three-mile walking loop.

84

$7.8M

44

DAYS ON MARKET

YEAR OVER YEAR

$1.7M

$1.54M

$445

25 20

SITUATED ON THE FOOTHILLS OF HENDERSON, NEVADA, ASCAYA IS A GUARD-GATED LUXURY COMMUNITY THAT HAS MESMERIZING VIEWS OF the Las Vegas Valley. It offers custom homesites, ranging from half an acre up to two acres. The selection of home sites can accommodate world-class contemporary architectural styles. Notable features include a state-of-the-art clubhouse, fitness center, pool and tennis courts, as well as access to nearby golf courses and trails.

3

YEAR OVER YEAR

$16.25M HIGHEST SALE

YEAR OVER YEAR

97

AVERAGE DAYS ON MARKET

YEAR OVER YEAR

$10.62M AVERAGE PRICE

YEAR OVER YEAR

$10.25M

$1K AVERAGE PRICE PER SF

YEAR OVER YEAR

25 20

SET BEHIND A GUARD-GATED ENTRANCE, BELLACERE IS A TRULY INTIMATE COMMUNITY FILLED WITH A WEALTH OF GREEN SPACES, which only fifty-four families can enjoy. Designed in a way so most of the residences of Bellacere are situated far from the exterior boundaries, gives Bellacere a quiet, small town feel while outside the walls, a host of amenities and conveniences await in the masterplanned community of Summerlin.

4

$3.5M

YEAR OVER YEAR

$2.87M

$3M

$519

YEAR OVER YEAR

Canyon Fairways

25 20

APPROPRIATELY SITUATED FOR LUXURY AND APPROPRIATELY NAMED FOR ITS CONVENIENCE AS IT BACKS TOURNAMENT PLAYERS CLUB LAS Vegas, a public course Golf Digest describes as, "one of the best." Pass through the 24-hour guard gated entrance and discover lavish homes set against amazing views of the Las Vegas valley.

4

37 AVERAGE DAYS ON MARKET

YEAR OVER YEAR

$3.06M

$4.2M

$3.07M

$596

YEAR OVER YEAR

Canyon Gate

25 20

CANYON GATE IS A GUARD-GATED, RESIDENTIAL COUNTRY CLUB

NEIGHBORHOOD LOCATED CENTRALLY IN LAS VEGAS. WITH ITS championship golf course, tennis courts, fitness center and swimming pools, this community offers all the amenities of upscale living. Boasting an array of custom-built homes - with varied architectural styles - Residents have convenient access to shopping, dining, entertainment venues and parks/trails for outdoor recreation.

36

YEAR OVER YEAR

$4M

SALE

YEAR OVER YEAR

53

AVERAGE DAYS ON MARKET

YEAR OVER YEAR

$1.35M

YEAR OVER YEAR

$1.12M

$374 AVERAGE PRICE PER SF

YEAR OVER YEAR

Country Club Hills

25 20

THIS DEVELOPMENT OF TREE-LINED STREETS IS SET ALONG THE TOURNAMENT PLAYERS CLUB SUMMERLIN GOLF COURSE IN THE MASTERplanned community of Summerlin. Country Club Hills is a collection of 170 semi-custom homes by one of Las Vegas' most sought after, high-end builder, Christopher Homes.

13

65

$17.6M

$2.93M

$1.89M

Eagle Hills

25 20

TREE-LINED SIDEWALKS AND MANICURED LAWNS ARE ONLY SOME OF THE PLEASANT WONDERS OF LIFE INSIDE THE GUARD-GATED community of Eagle Hills. Situated in The Trails within the master-planned community of Summerlin on the western edge of Las Vegas. Homes in Eagle Hills let you forget the surrounding desert landscape as few other communities can.

3

40 AVERAGE DAYS ON MARKET

YEAR OVER YEAR

$2.7M

$3.1M

$2.82M

$585

Lake Las Vegas

25 20

IF THERE IS ONE PLACE TO BE A WORLD AWAY IN THE DESERT, THAT PLACE COULD ONLY BE LAKE LAS VEGAS. SURROUNDING A 320- ACRE shimmering lake, the resort community of Lake Las Vegas flawlessly blends luxury residential living with the finer aspects of commercial enticements and golf only minutes from Las Vegas.

175

81

$5.45M

$1.10M

$795K

MacDonald Highlands

25 20

SHAPED FROM THE FOOTHILLS OF THE MCCOLLOUGH MOUNTAINS, MCDONALD HIGHLANDS BLENDS THE ORGANIC WITH THE EPIC. PLACED on the southern edge of the Las Vegas valley in suburb of Henderson, MacDonald Highlands is uniquely luxurious and distinctly lavish and home to the Dragonridge Country Club.

71

$25.25M

$5.37M

$4.40M

$836

Mountain Trails

25 20

SET IN A COMMUNITY WITHIN A COMMUNITY, MOUNTAIN TRAILS RESIDES IN THE TRAILS SECTION OF THE MASTER-PLANNED COMMUNITY OF Summerlin, long recognized as the pinnacle of Las Vegas living. Life at Mountain Trails begins as by passing through the guard-gated entrance and takes residence on a path of unmatched possibilities.

6

14

$2.80M

$3.85M

$2.96M

$417

25 20

AS ITS NAME IMPLIES, PALISADES IS A DISTINCTIVE BARRIER TO THE COMMON WORLD. DRIVE THROUGH THE GUARD-GATED ENTRANCE AND you'll leave the world behind. Situated along the TPC Las Vegas Golf Course, Palisades provides an elevated sense of living and the views of the Las Vegas valley and the Canyons fairways accentuate that feeling.

12

24

$2.41M

$2.33M

25 20

QUEENSRIDGE IS A GUARD-GATED COMMUNITY LOCATED IN THE WESTERN PART OF LAS VEGAS THAT OFFERS LUXURY AND CONVENIENCE. Residents of Queensridge can choose from a variety of beautiful custom-built estates, villas, and other homes that feature high-end finishes and features. Additionally, residents have access to nearby parks, trails, shopping centers, and restaurants.

32

49

$14.33M

$2.34M

$1.31M

Red Rock Country Club

25 20

SET IN THE MASTER-PLANNED COMMUNITY OF SUMMERLIN ON THE VERY WESTERN EDGE OF LAS VEGAS, RED ROCK COUNTRY CLUB IS ONE OF THE most exclusive addresses in the valley. Possessing not one but two signature Arnold Palmer golf courses, the private Mountain Course and the public Arroyo Course, Red Rock Country Club provides inspiring natural beauty. Homes don't generally stay on the market long in this community.

44

55

$2.32M

$7.6M

$2.59M

$603

Roma Hills

25 20

EXPANSIVE LIVING CAN SOMETIMES COME IN AN INTIMATE ENVIRONMENT AND THAT IS THE BEAUTY OF ROMA HILLS. DESIGNED AS A sanctuary for only 144 homes, Roma Hills is luxuriously unique in Las Vegas. Set against Black Mountain and offering spectacular views of the entire valley, Roma Hills is a guardgated retreat for privacy and unrivaled living.

2 TOTAL PROPERTIES SOLD

YEAR OVER YEAR

$2.5M

YEAR OVER YEAR

7

AVERAGE DAYS ON MARKET -90% YEAR OVER YEAR

$1.88M AVERAGE PRICE

YEAR OVER YEAR

$1.88M

YEAR OVER YEAR

$372 AVERAGE PRICE PER SF -19% YEAR OVER YEAR

Seven Hills

25 20

AS THE ROMAN EMPIRE WAS BUILT UPON ITS FAMED ROLLING HILLS, SO TOO IS THE MASTER-PLANNED COMMUNITY SEVEN HILLS, JUST SOUTH of Las Vegas and gloriously nestled against the magnificent McCollough mountain range. Travel along the rolling hills and one discovers a range of architecture from classic Tuscan to the ultimate in modern design. Elevated to afford wondrous views of the entire Las Vegas valley Seven Hills is home to the Rio Secco gold course designed by Rees Jones, as well as, an abundance of outdoor activities and amenities.

98

$5M HIGHEST SALE

YEAR OVER YEAR

46 AVERAGE DAYS ON MARKET

YEAR OVER YEAR

$924K

PRICE

YEAR OVER YEAR

$671K

$323 AVERAGE PRICE PER SF

YEAR OVER YEAR

Southern Highlands Golf Club

25 20

SOUTHERN HIGHLANDS GOLF CLUB IS A PRESTIGIOUS PRIVATE GOLF CLUB LOCATED IN THE SOUTHWEST PART OF LAS VEGAS, NEVADA. THE golf course is one of only four courses co-designed by the legendary Robert Trent Jones, Sr., and his son Robert Trent Jones, Jr. The course was named "One of the Top Residential Golf Courses in the United States" by Golf Digest magazine.

40

74

$2.53M

$15.5M

$3.68M

$604

Spanish Hills

25 20

LOCATED ON THE WEST END OF LAS VEGAS, SPANISH HILLS IS A BEAUTIFUL RESIDENTIAL COMMUNITY THAT FEATURES LUXURIOUS homes, lush landscaping, and great amenities. Residents can choose from custom-built estate homes or villas with upscale finishes. The world-class country club has an 18-hole golf course, tennis courts, fitness center, and a swimming pool. Plus, residents have easy access to parks and trails for outdoor recreation. In addition, there are plenty of dining and shopping options nearby.

4

$5.45M HIGHEST SALE

YEAR OVER YEAR

$2.45M

YEAR OVER YEAR

$1.54M

$371

YEAR OVER YEAR

Spanish Trail

25 20

WITH A GUARD-GATED PERIMETER, SPANISH TRAIL IS RENOWNED FOR ITS OPULENT HOMES AND STUNNING LANDSCAPING. BOASTING A PLETHORA of high-end features, the community has something to offer all types of buyers. Residents can enjoy a myriad of luxurious amenities right onsite, including a 27-hole golf course, multiple tennis courts, swimming pools and fitness center. The development offers mature landscaping throughout the community, for those looking to experience a little outdoor beauty coupled with luxury living.

38

35

YEAR OVER YEAR

$1.12M

$5.50M

$1.25M

PRICE

YEAR OVER YEAR

$363

PRICE PER SF

YEAR OVER YEAR

The Fountains

25 20

KNOWN AS ONE OF THE MOST PRESTIGIOUS ADDRESSES IN THE MASTERPLANNED COMMUNITY OF GREEN VALLEY IN THE LAS VEGAS SUBURB OF Henderson, The Fountains community is an unexpected gem in the desert. Enjoying large, open lawns and tree-canopied streets, The Fountains is reminiscent of an east coast neighborhood.

13

$3M

30 AVERAGE DAYS ON MARKET

YEAR OVER YEAR

$2.07M

$2.10M

$407

The Ridges

25 20

THIS PRIVATE RESERVE OF LUXURY HOMES, SITUATED ON 800 ACRES IN THE MASTER-PLANNED COMMUNITY OF SUMMERLIN, IS RECOGNIZED AS one the most exclusive neighborhoods in the country. The Ridges presents stunning views of the Las Vegas Strip to the east, while on its western border lies the surreal beauty of the Mojave Desert's Red Rock Conservation Area. The Ridges continues to showcase some of the most significant homes in the valley. The demand in this area continues to be strong.

45

54

$4.10M

$16M

$5.30M

$889

The Summit Club

25 20

THE SUMMIT CLUB IS A STUNNING LUXURY COMMUNITY THAT SPANS OVER 555 ACRES OF PRISTINE DESERT TERRAIN, OFFERING PICTURESQUE vistas of the Las Vegas Valley. The Summit Club offers a private Tom Fazio designed golf course, tennis courts, fitness center, spa and resort-style pools. The grand clubhouse boasts both an exquisite fine-dining restaurant and cozy lounge. The joint venture between Discovery Land Company and Howard Hughes has created an unprecedented opportunity.

1

YEAR OVER YEAR

$15.75M HIGHEST SALE

YEAR OVER YEAR

41 AVERAGE DAYS ON MARKET

YEAR OVER YEAR

$15.75M AVERAGE PRICE

YEAR OVER YEAR

$15.75M

$2K AVERAGE PRICE PER SF

YEAR OVER YEAR

The Vineyards

25 20

THE RESIDENCES AT THE VINEYARDS ARE FOR THOSE SEEKING TO ELEVATE THEIR LIFESTYLE. SET AMONGST GENTLY RISING HILLS IN THE master-planned community of Summerlin in Las Vegas, The Vineyards represents the best semi-custom living has to offer. The community is highlighted by terraced walkways winding through green spaces and leading to three separate private squares with relaxing water features.

3

12

$3.16M

$2.43M

$2.44M

Tournament Hills

25 20

TOURNAMENT HILLS REMAINS ONE OF THE MOST SOUGHT AFTER ADDRESSES IN THE MASTER-PLANNED COMMUNITY OF SUMMERLIN ON the western side of the Las Vegas valley. Tournament Hills is built on and around the Tournament Players Club Summerlin, the course famed as the site for Tiger Woods first professional victory. The residences of Tournament Hills are renowned for their luxury and opulence. Exclusively custom by design, Tournament Hills features homes ranging from the classic to the contemporary.

3

87 AVERAGE DAYS ON MARKET

$3.98M

$6M

$4.29M

$737

YEAR OVER YEAR

Willow Creek

25 20

WILLOW CREEK IS A WELCOMING RESIDENTIAL COMMUNITY LOCATED WITHIN THE SUMMERLIN MASTER PLAN IN SOUTHWEST LAS VEGAS. THE neighborhood provides a laidback atmosphere and friendly environment, thanks to its tree-lined streets and green spaces. Located near parks, shopping centers, and restaurants, Willow Creek features plenty of amenities for residents. Not to mention quick access to major highways connecting you to the rest of the city.

18

66

$1.49M

$3.35M

$1.80M

$407

Economic Information & Sales Data

Las Vegas Economic Information

TOP LAS VEGAS MIGRATORY STATES *

Las Vegas Economic Information

10 LAS VEGAS LOCAL MIGRATORY MARKETS

Las Vegas Valley Historical Sales Data

Las Vegas Valley Historical Sales Data

Market Report Methodology

OUR MARKET REPORT OFFERS CURRENT AND VALUABLE INFORMATION REGARDING THE LOCAL MARKET. EACH AREA REPORTED ON IS BROKEN DOWN BY NEIGHBORHOOD AND CONTAINS SPECIFIC DETAILS AND INSIGHTS RELATED TO THAT MARKET.

METRICS

Total Properties Sold: The total number of properties that closed within the time period reported.

Highest Sale: The highest priced property that was sold in the area being reported on during the time period reported.

Average Price Per SF: The average price per square foot of properties sold in the reported area.

Average Price: The price calculated by dividing the combined prices of properties by the amount of sold properties in that same area.

Median Price: The middle or midpoint price where half of sales fall below and half fall above this number.

Days on Market: Averages how long a unit takes to sell and is calculated from subtracting the list date from the date of close.

High Rise: High Rise buildings are defined as buildings taller than 5 stories.

Homes: All statistics reported in the "Las Vegas Valley" report include only single family residential properties in Las Vegas, North Las Vegas, and Henderson.

DEFINITIONS

Payroll Tax: Local and other imposed payroll tax, as reported by individual jurisdictions.

Corporate Income Tax: An income tax is a government levy imposed on individuals or entities that varies with the income or profits of the taxpayer. Details vary widely by jurisdiction.

Individual Income Tax: An income tax is a government levy imposed on individuals or entities that varies with the income or profits of the taxpayer. Details vary widely by jurisdiction.

Sales Tax Rate: Sales tax rates vary among districts within local jurisdictions and at the state-level.

Property Tax Rate: Figures are mean effective property tax rates on owner-occupied housing (total real taxes paid / total home value). As a result, the data exclude property taxes paid by business men, renters, and others.

SOURCE

Figures in this report are based on publicly reported closed sales information via the Multiple Listing Service, unless otherwise noted.

Where Excellence Finds a Home

SUMMERLIN

1700 S. PAVILION CENTER DRIVE, SUITE 150 LAS VEGAS, NV

702.616.1910

MACDONALD HIGHLANDS

552 S. STEPHANIE STREET HENDERSON, NV

702.614.9100

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2025 Annual Market Report: Las Vegas Valley by Douglas Elliman Western Region Marketing - Issuu