The Sodhi Group's Market Report

Las Vegas, NV

Single-Family Homes

Info@YourHomeLV.com | www.YourHomeLV.com



Las Vegas, NV

Sat Feb 27 2021
This week the median list price for Las Vegas, NV is $409,900 with the market action index hovering around 60. This is an increase over last month's market action index of 54. Inventory has held steady at or around 1,692. 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

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.

Las Vegas, NV

Sat Feb 27 2021
This week the median list price for Las Vegas, NV is $409,900 with the market action index hovering around 60. This is an increase over last month's market action index of 54. Inventory has held steady at or around 1,692. 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

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 Las Vegas market.
Median List Price $409,900
Per Square Foot $201
Days on Market 35
Price Decreased 20%
Price Increased 10%
Relisted 8%
Inventory 1,692
Median Rent $1,795
Most Expensive $28,300,000
Least Expensive $153,900
Market Action 60
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
$1,099,000 4,234 0.5 - 1 acre 4 4 19 51 74 84
$499,999 2,587 6,500 - 8,000 sqft 4 2 19 116 145 35
$349,500 1,845 4,500 - 6,500 sqft 3 2 25 177 199 14
$264,900 1,368 4,500 - 6,500 sqft 3 2 37 122 168 35