Las Vegas as of March 2025 has an average home sales price of $485,000.00. A realistic budget for a decent size 1,800 to 2,300 square feet home should be around $485,000.00 to $700,000.00. This depends on location, if it’s a brand new home being built or if it’s a resale home on the MLS. Most homes in this pricing point have at least 3 bedrooms and a loft as well as a decent size lot. If you are looking for a single-story home, expect to pay 15 to 20% more than a two-story home listed above.
Compared to New York, you simply get more home for your budget.
New York’s housing market is experiencing a shift. Roughly 1 out of every 8 homes now has little to no equity, putting many owners at risk of short sale or foreclosure. Buyer activity has slowed across the city, which could lead to declining home values if the pool of qualified buyers continues to shrink. More residents are leaving New York and the state as a whole than those moving in, a trend that should raise concern for homeowners with significant equity in their properties.
Our traffic here is nothing like what you might experience on the Long Island Expressway or FDR Drive in New York. In Las Vegas, congestion is generally limited to peak hours, typically from 8 a.m. to 9 a.m. and 4 p.m. to 6 p.m. Even then, you can usually maintain speeds above 45 MPH. It’s uncommon to be stuck for long unless there’s an accident or other incident on the freeway. The 215 Beltway spans 53 miles and loops around the valley, making it easy to reach any part of the Las Vegas area. In addition, most main roads running north-south or east-west can take you across the valley with ease, making Las Vegas simple to navigate.
Las Vegas is seeing strong growth in both the tech industry and professional sports, attracting new residents from places like New York. Major companies such as Switch, Amazon, and Google have a significant presence in the city, and more businesses are relocating here thanks to Nevada’s business-friendly environment. The outlook for Las Vegas is positive, with ongoing construction of housing, commercial developments, and infrastructure projects. Growth is managed with long-term planning, ensuring future needs like water resources and traffic flow are addressed. Thoughtful city leadership continues to shape Las Vegas into a thriving place to live and work.
If you’re ready for a change from the quality of life challenges, high costs, traffic, and crime in New York, consider making the move to Las Vegas. One of the biggest advantages of living in Nevada is the absence of state income tax, which could save you around 13% of your annual income. It might be time to talk with me about how my life has transformed since I made the move to Las Vegas 22 years ago.
If you're exploring relocating to Las Vegas from the Big Apple, I can help you learn more about the best areas to move to. I've been selling real estate in Las Vegas and Summerlin for years, and I am one of the most knowledgeable agents. Call me now at: 702-768-2552 for more information about relocating to Las Vegas.
