Your Local Market Report

Las Vegas, NV

Single-Family Homes

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Las Vegas, NV

Thu Sep 21 2023
This week the median list price for Las Vegas, NV is $559,999 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has increased to 2,351. 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.

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Las Vegas, NV

Thu Sep 21 2023
This week the median list price for Las Vegas, NV is $559,999 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has increased to 2,351. 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.

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Las Vegas market.
Median List Price $559,999
Median Price of New Listings $469,900
Per Square Foot $260
Average Days on Market 128
Median Days on Market 49
Price Decreased 38%
Price Increased 5%
Relisted 13%
Inventory 2,351
Median Rent
Market Action 45
Strong Seller's Market

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
$1,213,000 3,855 0.25 - 0.5 acre 4 3.5 19 56 50 77
$650,000 2,679 6,500 - 8,000 sqft 4 2.8 18 67 70 49
$485,000 2,000 4,500 - 6,500 sqft 3 2.5 20 102 92 42
$376,000 1,477 4,500 - 6,500 sqft 3 2 33 148 141 35