RealTrends Market Report

Las Vegas, NV

Single-Family Homes

Want your own branded market report? Visit altosresearch.com.



Las Vegas, NV

Fri Jun 21 2024
This week the median list price for Las Vegas, NV is $580,000 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has decreased to 2,291. 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

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

Fri Jun 21 2024
This week the median list price for Las Vegas, NV is $580,000 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has decreased to 2,291. 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

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 $580,000
Median Price of New Listings $499,900
Per Square Foot $275
Average Days on Market 132
Median Days on Market 42
Price Decreased 34%
Price Increased 10%
Relisted 12%
Inventory 2,291
Median Rent
Market Action 49
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change 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
$1,399,949 3,885 0.25 - 0.5 acre 4 3.8 20 64 95 56
$698,000 2,655 6,500 - 8,000 sqft 4 3 20 98 131 35
$500,000 2,031 4,500 - 6,500 sqft 4 2.5 23 124 178 42
$399,000 1,480 4,500 - 6,500 sqft 3 2 33 153 197 28