Your Local Market Report

Las Vegas, NV

Single-Family Homes

WFG National Title Company | www.wfgnationaltitle.com/nevada



Las Vegas, NV

Mon Feb 06 2023
This week the median list price for Las Vegas, NV is $489,800 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has decreased to 3,692. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Las Vegas, NV

Mon Feb 06 2023
This week the median list price for Las Vegas, NV is $489,800 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has decreased to 3,692. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Las Vegas market.
Median List Price $489,800
Median Price of New Listings $449,900
Per Square Foot $249
Average Days on Market 131
Median Days on Market 105
Price Decreased 48%
Price Increased 4%
Relisted 17%
Inventory 3,692
Median Rent
Market Action 34
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
$995,000 3,529 0.25 - 0.5 acre 4 3.5 19 66 78 119
$570,000 2,409 4,500 - 6,500 sqft 4 2.5 20 70 104 105
$440,000 1,856 0 - 4,500 sqft 3 2.5 21 84 119 98
$360,000 1,437 4,500 - 6,500 sqft 3 2 30 105 172 105