The Sodhi Group's Market Report

Las Vegas, NV

Single-Family Homes

Info@YourHomeLV.com | www.YourHomeLV.com



Las Vegas, NV

Tue May 18 2021
This week the median list price for Las Vegas, NV is $485,000 with the market action index hovering around 88. This is an increase over last month's market action index of 85. Inventory has held steady at or around 1,541. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Las Vegas, NV

Tue May 18 2021
This week the median list price for Las Vegas, NV is $485,000 with the market action index hovering around 88. This is an increase over last month's market action index of 85. Inventory has held steady at or around 1,541. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Las Vegas market.
Median List Price $485,000
Median Price of New Listings $399,888
Per Square Foot $220
Average Days on Market 78
Median Days on Market 14
Price Decreased 15%
Price Increased 14%
Relisted 8%
Inventory 1,541
Median Rent $1,950
Market Action 88
Strong Seller's Market

Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$1,250,000 4,009 0.25 - 0.5 acre 4 3 19 67 51 35
$599,995 2,712 6,500 - 8,000 sqft 4 2 19 120 96 21
$409,999 1,997 4,500 - 6,500 sqft 3 2 22 186 156 7
$308,500 1,464 4,500 - 6,500 sqft 3 1 34 196 173 7