Your Local Market Report

Las Vegas, NV

Single-Family Homes

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Las Vegas, NV

Sun Oct 06 2024
This week the median list price for Las Vegas, NV is $561,966 with the market action index hovering around 38. This is less than last month's market action index of 42. Inventory has increased to 3,356. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Las Vegas, NV

Sun Oct 06 2024
This week the median list price for Las Vegas, NV is $561,966 with the market action index hovering around 38. This is less than last month's market action index of 42. Inventory has increased to 3,356. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Las Vegas market.
Median List Price $561,966
Median Price of New Listings $499,500
Per Square Foot $276
Average Days on Market 115
Median Days on Market 49
Price Decreased 43%
Price Increased 5%
Relisted 15%
Inventory 3,356
Median Rent
Market Action 38
Slight Seller's Advantage

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
$1,300,000 3,723 0.25 - 0.5 acre 4 3.5 20 59 53 70
$660,000 2,548 6,500 - 8,000 sqft 4 3 21 108 94 49
$489,000 1,895 4,500 - 6,500 sqft 3 2.5 23 114 89 42
$394,995 1,435 4,500 - 6,500 sqft 3 2 32 141 120 35