The Sodhi Group's Market Report

Las Vegas, NV 89144

Single-Family Homes

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Las Vegas, NV 89144

Thu Jan 20 2022
This week the median list price for Las Vegas, NV 89144 is $799,500 with the market action index hovering around 59. This is less than last month's market action index of 62. Inventory has decreased to 23. 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 has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 89144

Thu Jan 20 2022
This week the median list price for Las Vegas, NV 89144 is $799,500 with the market action index hovering around 59. This is less than last month's market action index of 62. Inventory has decreased to 23. 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 has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $799,500
Median Price of New Listings $499,900
Per Square Foot $295
Average Days on Market 81
Median Days on Market 63
Price Decreased 52%
Price Increased 0%
Relisted 9%
Inventory 23
Median Rent $2,300
Market Action 59
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$2,394,000 4,919 0.25 - 0.5 acre 4 4.3 22 0 1 119
$944,950 3,611 6,500 - 8,000 sqft 4 3.8 23 1 1 101
$709,450 2,971 4,500 - 6,500 sqft 4 2.8 22 1 0 66
$497,450 1,619 4,500 - 6,500 sqft 3 2.4 23 3 1 14