The Sodhi Group's Market Report

Las Vegas, NV 89134

Single-Family Homes

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Las Vegas, NV 89134

Fri Feb 28 2020
This week the median list price for Las Vegas, NV 89134 is $394,990 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has held steady at or around 105. 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 89134

Fri Feb 28 2020
This week the median list price for Las Vegas, NV 89134 is $394,990 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has held steady at or around 105. 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 $394,990
Per Square Foot $227
Days on Market 126
Price Decreased 41%
Price Increased 2%
Relisted 12%
Inventory 105
Median Rent $1,900
Most Expensive $16,500,000
Least Expensive $279,000
Market Action 39
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$1,547,499 5,159 0.25 - 0.5 acre 4 5 23 1 2 208
$484,200 2,389 6,500 - 8,000 sqft 3 3 25 7 10 83
$358,000 1,661 6,500 - 8,000 sqft 2 2 27 4 4 75
$314,900 1,368 6,500 - 8,000 sqft 2 2 28 4 5 137