3 Big Myths About Buying a Home in Nevada Get Dispelled by Experts
Written by
J. Arky
Edited by
Ashleigh Ray
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Nevada has it all: the majestic scenery of the Sierras, the vast openness of the desert and the high rolling boom towns of Las Vegas and Reno. If you are thinking of buying a home there this year, you’ll want to do some research — but also not be swayed by some typical myths about the Silver State.
GOBankingRates asked a few real estate agents and experts to dispel the three biggest myths of buying a home in Nevada in 2025.
Las Vegas Has Plateaued
“The most common myth we come across when helping clients in Nevada is that the growth trajectory of Las Vegas is not sustainable or that Vegas real estate has ‘peaked,'” said Dan Richards, president of Flyhomes Mortgage, who wholly disagrees with this notion.
“While there has been rapid expansion, there’s still significant room for growth,” Richards explained. “There really is no other city in the country with a profile similar to Las Vegas. Take the city’s recent professional sports expansion as one example. Between 2017 and 2028, the city will have added four professional sports organizations.
“That’s one new team every 2.75 years, something completely unheard of in any other market,” Richards said. “I point to the sports franchises because a lot of smart people are banking big money on Vegas being able to sustain that amount of teams, on top of the city’s other world class entertainment. Then there’s more practical indicators, like a labor force that has grown by 7% since 2022, 20% higher than a decade ago.”
Housing Is Too Expensive
One of the biggest myths about buying a house in Nevada in 2025 is the notion that all houses have become too expensive due to high demand in the market, according to Jonathan Cobey, CEO of Carolina Home Cash Offer.
“While the prices have gone up dramatically over the past years, buyers could still look for relatively inexpensive houses if they were willing to look elsewhere from areas with the highest demand, like Las Vegas,” said Cobey.
Overbidding Is a Must
You don’t need to have hit the jackpot in order to purchase a home in Nevada, though some rumors would have you believe you need to overpay on your initial offer just to get into the market.
“The other common myth is that buying in a seller’s market automatically means one will be overbidding on all homes,” Cobey said. “The reality is that a buyer can still negotiate terms to his or her advantage with the right game plan and real estate agent to find homes within their budgets.”
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