The Sodhi Group's Market Report

Las Vegas, NV 89135

Single-Family Homes

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Las Vegas, NV 89135

Mon Apr 06 2020
This week the median list price for Las Vegas, NV 89135 is $789,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has held steady at or around 225. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Las Vegas, NV 89135

Mon Apr 06 2020
This week the median list price for Las Vegas, NV 89135 is $789,000 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has held steady at or around 225. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Las Vegas market.
Median List Price $789,000
Per Square Foot $279
Days on Market 142
Price Decreased 39%
Price Increased 5%
Relisted 13%
Inventory 225
Median Rent $2,300
Most Expensive $15,999,000
Least Expensive $293,500
Market Action 33
Slight Seller's Advantage

We continue to see prices in this zip code settled at a plateau. This week prices bumped down a bit but not significantly enough to change the overall outlook. Look for a persistent change (up or down) in the Market Action Index before we see prices significantly 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
$2,872,500 6,146 0.25 - 0.5 acre 5 6 11 3 0 261
$999,494 3,455 8,000 - 10,000 sqft 4 4 14 2 5 132
$599,943 2,514 6,500 - 8,000 sqft 3 3 17 5 5 95
$399,999 1,816 4,500 - 6,500 sqft 3 3 17 4 2 78