Las Vegas Market + News for January

[Josh Edelman]

February Market Update – What You Need to Know!

Did the value of my home go up or down?
The median sales price of Las Vegas represents the middle point of all homes sold—half sold for more, half for less. This gives a better snapshot of market trends than averages, which can be skewed by high or low sales.

• November: $484,995
• December: $484,500
• January: $491,995

How long would it take for my home to sell?:

The median days on market shows how long its taking a home to go under contract.

• November: 24 days
• December: 29 days
• January: 33 days

What are interest rates these days?

• 30-Year Conventional: 7.01%
• 30-Year VA Loan: 6.40%

Drive Safely, Las Vegas!

Traffic deaths are surging in 2025, with 25 fatalities in just 38 days—double last year’s pace. Ten were pedestrians, many hit while jaywalking at night.

Nevada #1 in Car Ownership Costs

Nevadans pay the highest car costs in the U.S. at $6,120 per year, with insurance alone at $3,439. Florida and Louisiana follow closely, while New Hampshire is the cheapest.

Museum of Ice Cream Coming to Vegas!

A 30,000-square-foot Museum of Ice Cream opens at Area15 in 2026—triple the size of other locations. Expect unlimited ice cream, a sprinkle pool, and an ice-cream wedding chapel.

Nevada Ranks #36 in Healthy Eating

Nevada ranks 36th in the U.S. for healthy diets, with a 42.6 Healthy Diet Index score. Utah leads at 84.2, while Louisiana ranks last at 8.4. Time to eat more greens!

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That is it for this month! I hope you have enjoyed this month’s newsletter. If you’ve got questions about real estate or just want to catch up, don’t hesitate to reach out.  Have a great day!