The Sodhi Group's Market Report

Las Vegas, NV 89178

Single-Family Homes

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Las Vegas, NV 89178

Thu Feb 27 2020
This week the median list price for Las Vegas, NV 89178 is $385,000 with the market action index hovering around 50. This is an increase over last month's market action index of 44. Inventory has held steady at or around 87. 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 89178

Thu Feb 27 2020
This week the median list price for Las Vegas, NV 89178 is $385,000 with the market action index hovering around 50. This is an increase over last month's market action index of 44. Inventory has held steady at or around 87. 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 $385,000
Per Square Foot $161
Days on Market 99
Price Decreased 34%
Price Increased 10%
Relisted 7%
Inventory 87
Median Rent $1,600
Most Expensive $1,395,000
Least Expensive $245,000
Market Action 50
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift 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
$550,000 3,556 6,500 - 8,000 sqft 4 4 13 8 8 68
$433,950 2,883 4,500 - 6,500 sqft 4 3 14 3 4 109
$355,000 2,169 0 - 4,500 sqft 4 3 11 6 5 66
$309,450 1,814 0 - 4,500 sqft 3 3 13 7 7 152