LAS VEGAS (KTNV) — Home prices in the valley have just hit a record high.

According to the latest Las Vegas Association of Realtors report for November 2025, home prices broke the previous average median home record high set in 2022 that we hit several times since, including many times this year. The new average median price is $488,995.

Well, it could get better soon for some in our valley.

WATCH | Learn more about the Community Land Trust project New affordable homes coming to northwest valley, how you can buy one

In as little as 8 months, a dirt lot on the corner of Rebecca Road and West Tropical Parkway in the Northwest Valley, will transform into new affordable homes.

Across the street from the project, is Estelle Neal Park. If you're ever there, you'll likely see John Graham.

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