A report released Tuesday by Las Vegas Realtors shows the median price of existing single-family homes sold in Southern Nevada during August was $480,000.

That’s up 0.7% from August of 2024 — but down from the all-time high of $485,000 reached several times this year.

The median price of local condos and townhomes sold in August was $298,000. That’s up 2.1% from August 2024 — but short of the record high of $315,000 set in October 2024.

“These statistics are another sign of stability in our local housing market,” said George Kypreos, president of Las Vegas Realtors in a statement. “Home prices here in Southern Nevada haven’t moved much this year. Besides having more homes on the market to choose from, buyers should also be pleased to see mortgage interest rates going down this month.”

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