The Sodhi Group's Market Report

North Las Vegas, NV 89031

Single-Family Homes

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North Las Vegas, NV 89031

Fri Feb 28 2020
This week the median list price for North Las Vegas, NV 89031 is $310,000 with the market action index hovering around 50. This is an increase over last month's market action index of 47. Inventory has held steady at or around 131. Click here to stay informed with the North Las Vegas market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

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.

North Las Vegas, NV 89031

Fri Feb 28 2020
This week the median list price for North Las Vegas, NV 89031 is $310,000 with the market action index hovering around 50. This is an increase over last month's market action index of 47. Inventory has held steady at or around 131. Click here to stay informed with the North Las Vegas market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

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 North Las Vegas market.
Median List Price $310,000
Per Square Foot $161
Days on Market 100
Price Decreased 29%
Price Increased 8%
Relisted 8%
Inventory 131
Median Rent $1,580
Most Expensive $750,000
Least Expensive $214,999
Market Action 50
Strong Seller's Market

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices 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
$402,450 2,534 6,500 - 8,000 sqft 4 3 14 5 9 129
$323,840 2,057 6,500 - 8,000 sqft 3 3 15 7 9 65
$294,000 1,935 4,500 - 6,500 sqft 3 3 17 6 12 90
$259,900 1,462 4,500 - 6,500 sqft 3 2 22 5 9 115