The Sodhi Group's Market Report

Las Vegas, NV 89135

Single-Family Homes

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Las Vegas, NV 89135

Fri Sep 20 2019
This week the median list price for Las Vegas, NV 89135 is $676,950 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 282. 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 been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Las Vegas, NV 89135

Fri Sep 20 2019
This week the median list price for Las Vegas, NV 89135 is $676,950 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 282. 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 been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Las Vegas market.
Median List Price $676,950
Per Square Foot $260
Days on Market 125
Price Decreased 48%
Price Increased 6%
Relisted 17%
Inventory 282
Median House Rent $2,173
Most Expensive $15,999,000
Least Expensive $259,500
Market Action Index
Slight Seller's Advantage
31

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,211,111 5,246 0.25 - 0.5 acre 4 6 10 1 1 221
$993,900 3,525 8,000 - 10,000 sqft 4 4 15 5 6 124
$520,000 2,471 6,500 - 8,000 sqft 4 3 17 6 6 80
$379,000 1,628 4,500 - 6,500 sqft 3 2 16 6 13 75