Your Local Market Report

Las Vegas, NV

Single-Family Homes

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



Las Vegas, NV

Thu Mar 23 2023
This week the median list price for Las Vegas, NV is $509,888 with the market action index hovering around 39. This is an increase over last month's market action index of 36. Inventory has decreased to 2,873. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Las Vegas, NV

Thu Mar 23 2023
This week the median list price for Las Vegas, NV is $509,888 with the market action index hovering around 39. This is an increase over last month's market action index of 36. Inventory has decreased to 2,873. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Las Vegas market.
Median List Price $509,888
Median Price of New Listings $450,000
Per Square Foot $251
Average Days on Market 140
Median Days on Market 98
Price Decreased 45%
Price Increased 5%
Relisted 18%
Inventory 2,873
Median Rent
Market Action 39
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,112,499 3,814 0.25 - 0.5 acre 4 3.5 20 46 55 119
$600,000 2,476 4,500 - 6,500 sqft 4 2.5 19 55 78 91
$450,000 1,893 4,500 - 6,500 sqft 3 2.5 21 64 78 91
$369,900 1,480 4,500 - 6,500 sqft 3 2 29 102 121 91