The Sodhi Group's Market Report

Las Vegas, NV

Single-Family Homes

Info@YourHomeLV.com | www.YourHomeLV.com



Las Vegas, NV

Mon Apr 22 2019
This week the median list price for Las Vegas, NV is $345,000 with the market action index hovering around 38. This is an increase over last month's market action index of 36. Inventory has held steady at or around 5254. Click here to stay informed with the Las Vegas market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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

Mon Apr 22 2019
This week the median list price for Las Vegas, NV is $345,000 with the market action index hovering around 38. This is an increase over last month's market action index of 36. Inventory has held steady at or around 5254. Click here to stay informed with the Las Vegas market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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 $345,000
Per Square Foot $172
Days on Market 92
Price Decreased 44%
Price Increased 4%
Relisted 11%
Inventory 5254
Median House Rent $1,600
Most Expensive $29,995,000
Least Expensive $75,000
Market Action Index
Slight Seller's Advantage
38

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
$693,995 3,604 0.25 - 0.5 acre 4 4 17 117 83 135
$399,000 2,415 4,500 - 6,500 sqft 4 3 17 173 145 82
$309,844 1,864 4,500 - 6,500 sqft 3 3 18 169 184 75
$245,000 1,422 4,500 - 6,500 sqft 3 2 32 206 214 74