Your Local Market Report

Las Vegas, NV

Single-Family Homes

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Las Vegas, NV

Mon Jun 24 2024
This week the median list price for Las Vegas, NV is $580,000 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has decreased to 2,323. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Las Vegas, NV

Mon Jun 24 2024
This week the median list price for Las Vegas, NV is $580,000 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has decreased to 2,323. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Las Vegas market.
Median List Price $580,000
Median Price of New Listings $515,000
Per Square Foot $276
Average Days on Market 130
Median Days on Market 42
Price Decreased 37%
Price Increased 10%
Relisted 11%
Inventory 2,323
Median Rent
Market Action 49
Strong Seller's Market

The market appears to be 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
$1,394,995 3,890 0.25 - 0.5 acre 4 3.8 20 66 47 56
$695,000 2,655 6,500 - 8,000 sqft 4 3 20 86 88 35
$500,000 2,005 4,500 - 6,500 sqft 4 2.5 24 101 96 35
$398,000 1,480 4,500 - 6,500 sqft 3 2 31 133 124 28