July 2025 Market Update

“Is Northwest Las Vegas About to Boom—or Bust? See the Latest Home Prices Before Everyone Else!”

Jason Helliwell - Your Local Real Estate Professional

What Buyers and Sellers Should Know About Today’s Market in North West Las Vegas

$508,000

Median Sold Price:

241

Active Listings

21 Days

Avg Days on Market

69

Sold Properties in July

Northwest Las Vegas Real Estate

"Homeowners in Las Vegas 89149 are seeing exciting gains, with the median sold price rising over 4% in just 12 months to $508,000. With homes selling in only 21 days and balanced inventory at 4.15 months, your property is in a market that’s building real equity. — Jason Helliwell, Elite Realty"

From listed to sold
Northwest Las Vegas Sees 69 Homes Sold in July 2025 — Market Shows Steady Demand

SOLD listing in July 2025

“In July 2025, Northwest Las Vegas recorded 69 closed home sales. This steady level of activity highlights that despite higher interest rates and shifting buyer sentiment, the area continues to attract strong demand. For sellers, it shows consistent movement in the market, while buyers should be prepared to act quickly as inventory continues to turn over.”

Did your home value increase?
Median price: ~$508K (+4.1% YoY)

JULY 2025 CURRENT MARKET CONDITIONS

In the ever-evolving housing market of Skye Canyon, Providence and Lone Mountain it's essential for both buyers and sellers to stay informed about current trends and statistics. Understanding these figures can significantly influence decision-making, whether you're looking to buy or sell a home. Here's what the latest data reveals about the local housing market and what it could mean for you.

Are we in a sellers or buyers market?
Seller's Market? Balanced Market? Buyer's Market?

What type of market are we in?

The current months of inventory sit at 4.15, indicating a balanced market. In such a market, neither buyers nor sellers have a distinct advantage, which can lead to more equitable negotiations. For sellers, this means pricing your home competitively is crucial to attract potential buyers. On the other hand, buyers might find more options available, but should still be prepared to act decisively.

“Northwest Las Vegas Homes Selling at 98% of Asking Price—Negotiation Still in Play”

Homes are currently selling for about 98% of their asking price. This ratio indicates that while sellers are getting close to their asking prices, buyers still have room for some negotiation. Both parties should approach offers and counteroffers with realistic expectations, understanding that the final sale price is likely to be slightly below the initial list price.

21 days - SOLD
How many days on market?

“Northwest Las Vegas Homes Selling in Just 21 Days—A Steady, Balanced Market

The median days on market is 21, reflecting a steady pace at which homes are being sold. For sellers, this means that if a home is priced and marketed correctly, it should sell within a few weeks. Buyers should be prepared to make decisions relatively quickly, as the market is neither too fast nor too slow.

FOR BUYERS
“For buyers in 89149, today’s market offers balance and opportunity. With 4.15 months of inventory, you won’t face the bidding wars of a seller’s market, but homes are still moving steadily with a median of just 21 days on market. While most properties are selling close to asking price, the gradual increase in long-term inventory means more options are likely to open up. Buyers who are prepared and decisive can secure a home at fair market value without rushing, while still having room to negotiate in some cases.”
FOR SELLERS
“For sellers in 89149, the market remains favorable yet balanced. Homes are selling at 98% of their asking price and moving within a median of 21 days, showing that well-priced and well-presented properties continue to attract strong buyer interest. While inventory has ticked up over the long term, creating more competition, the current level still supports steady demand. Sellers who price strategically and market effectively can expect fair offers and timely closings without the need for significant concessions.”
SAT ON THE FENCE? WHAT SHOULD I DO?
For Buyers: "Start your home search today—take advantage of balanced market conditions to find your ideal home without rushing." For Sellers: "Now is a great time to list your home—leverage steady demand and fair market conditions for a successful sale."

“Northwest Las Vegas: A Market Full of Opportunity for Buyers and Sellers”

"Imagine walking into your dream home in Northwest Las Vegas, knowing that the market is giving you a fair chance to make it yours. Or picture listing your current home and seeing it sell within weeks, knowing buyers are serious and ready. That’s the reality in 89149 today. Homes are moving steadily, prices remain strong, and opportunities exist on both sides of the transaction. For buyers, it’s a chance to find the perfect fit without the stress of a frenzied market. For sellers, it’s the reward for thoughtful pricing and preparation. The story of this market isn’t just about numbers—it’s about real people making life-changing decisions, guided by insight, timing, and opportunity."

SKYE CANYON HOME SEARCH NORTH WEST HOME SEARCH “See What Your Home is Really Worth – Contact Us”

Untitled Document