Your Local Market Report

Las Vegas, NV

Single-Family Homes

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Las Vegas, NV

Thu Feb 29 2024
This week the median list price for Las Vegas, NV is $557,195 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has decreased to 2,184. 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 Feb 29 2024
This week the median list price for Las Vegas, NV is $557,195 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has decreased to 2,184. 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 $557,195
Median Price of New Listings $512,314
Per Square Foot $267
Average Days on Market 143
Median Days on Market 49
Price Decreased 30%
Price Increased 6%
Relisted 15%
Inventory 2,184
Median Rent
Market Action 42
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
$1,299,000 3,854 0.25 - 0.5 acre 4 3.5 20 61 54 84
$664,949 2,565 6,500 - 8,000 sqft 4 2.8 19 84 80 49
$480,000 1,934 4,500 - 6,500 sqft 3 2.5 23 111 84 42
$382,950 1,470 4,500 - 6,500 sqft 3 2 36 125 113 42