The Sodhi Group's Market Report

Las Vegas, NV 89117

Single-Family Homes

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Las Vegas, NV 89117

Thu Feb 27 2020
This week the median list price for Las Vegas, NV 89117 is $599,000 with the market action index hovering around 39. This is an increase over last month's market action index of 37. Inventory has held steady at or around 151. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Las Vegas, NV 89117

Thu Feb 27 2020
This week the median list price for Las Vegas, NV 89117 is $599,000 with the market action index hovering around 39. This is an increase over last month's market action index of 37. Inventory has held steady at or around 151. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Las Vegas market.
Median List Price $599,000
Per Square Foot $188
Days on Market 154
Price Decreased 36%
Price Increased 4%
Relisted 17%
Inventory 151
Median Rent $1,795
Most Expensive $4,299,000
Least Expensive $274,900
Market Action 39
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$1,034,999 4,882 0.25 - 0.5 acre 4 5 23 5 1 214
$771,000 3,870 0.25 - 0.5 acre 4 4 27 3 6 194
$463,500 2,558 6,500 - 8,000 sqft 4 3 27 10 15 101
$349,949 1,899 4,500 - 6,500 sqft 3 3 26 10 6 106