Your Local Market Report

Las Vegas, NV

Single-Family Homes

Old Republic Title | www.ortconline.com | cs.nevada@ortc.com



Las Vegas, NV

Wed Oct 04 2023
This week the median list price for Las Vegas, NV is $564,500 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has increased to 2,439. Click here to stay informed with the Las Vegas market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Las Vegas, NV

Wed Oct 04 2023
This week the median list price for Las Vegas, NV is $564,500 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has increased to 2,439. Click here to stay informed with the Las Vegas market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Las Vegas market.
Median List Price $564,500
Median Price of New Listings $497,450
Per Square Foot $262
Average Days on Market 126
Median Days on Market 49
Price Decreased 39%
Price Increased 5%
Relisted 13%
Inventory 2,439
Median Rent
Market Action 44
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,200,000 3,800 0.25 - 0.5 acre 4 3.5 18 48 44 77
$650,000 2,620 6,500 - 8,000 sqft 4 2.8 18 92 64 49
$489,990 2,002 4,500 - 6,500 sqft 3 2.5 20 113 108 35
$379,900 1,497 4,500 - 6,500 sqft 3 2 31 119 135 35