The Sodhi Group's Market Report

Las Vegas, NV

Single-Family Homes

Info@YourHomeLV.com | www.YourHomeLV.com



Las Vegas, NV

Thu Feb 27 2020
This week the median list price for Las Vegas, NV is $379,990 with the market action index hovering around 42. This is an increase over last month's market action index of 39. Inventory has held steady at or around 3247. 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

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

Thu Feb 27 2020
This week the median list price for Las Vegas, NV is $379,990 with the market action index hovering around 42. This is an increase over last month's market action index of 39. Inventory has held steady at or around 3247. 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

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 $379,990
Per Square Foot $179
Days on Market 125
Price Decreased 36%
Price Increased 6%
Relisted 12%
Inventory 3,247
Median Rent $1,600
Most Expensive $18,500,000
Least Expensive $79,900
Market Action 42
Slight Seller's Advantage

The market is 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
$845,000 3,866 0.25 - 0.5 acre 4 4 17 85 66 171
$459,450 2,640 6,500 - 8,000 sqft 4 3 18 119 146 107
$329,000 1,923 4,500 - 6,500 sqft 3 3 21 156 195 104
$244,100 1,414 4,500 - 6,500 sqft 3 2 37 160 220 116