When we look at October’s numbers, 56 of the guard-gated homes that sold were built before 2015. The other 21 homes—about 27% of last month’s sales—were built in 2015 or later, which is right around the time modern design really started to take off. That’s when quartz countertops, frameless cabinets, and features like large pocket doors became the new standard.
Just like a new car, newer homes demand higher prices. Homes built in 2015 or later sold for a median of about $610 per square foot, compared to $387 per square foot for older homes. That’s a 58% premium for newer properties.
Older homes can still achieve premium prices on par with newer homes when they’re thoughtfully refreshed and presented well. We looked at the eight homes built before 2015 that sold for higher than $600 per square foot. Seven of them were either recently renovated or already had modern features like pocket doors and smart home technology—and the eighth one sits on a special mountainside lot. When you remove the seven renovated properties, the median price per square foot drops to $345 for homes built before 2015, which further widens the gap and puts the premium for the newer builds at 77%.
Homes are still selling in this market, regardless of age. But if you want to increase your sales price and put more money in your pocket, we can help you decide which updates or improvements are worth the investment. Call us any time at 702-605-7482.
Understanding the Data
Active Listings are homes that are currently on the market and available for sale. This is the pool of options that buyers can choose from at any given time.
Under Contract (also referred to as Pending or In Escrow) means a buyer and seller have agreed on a deal. From there, it usually takes 30–45 days to complete inspections, finalize financing, and close the sale.
Closed Sales represent homes that have completed the entire sales process. The buyer and seller have fulfilled all conditions, funds have been transferred, and the property has officially changed ownership.
Expired indicates a home was on the market, but the listing agreement expired and the home failed to sell.
Months of Supply is one of the most reliable indicators for gauging the balance between supply and demand in any housing market. It measures how long the current inventory would last at the existing sales pace—expressed in months, not the number of homes for sale. About seven months of supply is considered a balanced market. When supply falls below that level, it becomes a seller’s market where prices tend to rise; when it rises above, it shifts to a buyer’s market where prices may decline. The further Months of Supply moves from this midpoint, the stronger those price movements tend to be.
Market Trends – October 2025
Sold Properties – October 2025
You can download a detailed spreadsheet of last month’s sales data—including final sold prices, original list prices, price reductions, previous sales dates, percent appreciations, and more—by clicking here.
Please reference the following info to help you understand the spreadsheet:
*Sold without being listed on the Multiple Listing Service (MLS).
†Missing data for the % Increase, Last Sold Price, and Last Sold Date because there was no prior sale as a completed property.
§Previous sale was a foreclosure transfer/trustee sale.
When you encounter a negative number for % OFF LAST PRICE and % OFF ORIGINAL PRICE, this means the sales price was higher.
REO – Real Estate Owned/Bank Foreclosure
DOM – Days on Market
