Sales of luxury homes in Las Vegas jump in 2025, report says

“Southern Nevada’s luxury market saw healthy growth in 2025,” states a new report from Nevada State Bank. “This increase followed four years of relatively flat activity after the surge during the post-pandemic housing boom in 2021.”

Sales of million-dollar-plus homes, led by The Peaks neighborhood in Summerlin, increased 13.6 percent in 2025 compared to the previous year, according to the report that looked at luxury home sales in Southern Nevada.

The average price of a luxury home in Southern Nevada moved up to $1.9 million as luxury sales increased by 294 to 2,462 last year compared to 2024, according to data provided by Nevada State Bank.

Summerlin remains a hot spot for high-end homes as it recorded 927 sales (a 20.5 percent jump) with an average price of $2 million for a luxury house, according to the report. Of note, 292 of those homes were in The Peaks in Summerlin, with the second-closest enclave being Redpoint with 82.