The Sodhi Group's Market Report

Las Vegas, NV 89178

Single-Family Homes

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Las Vegas, NV 89178

Sat Apr 04 2020
This week the median list price for Las Vegas, NV 89178 is $419,949 with the market action index hovering around 56. This is an increase over last month's market action index of 53. Inventory has held steady at or around 98. 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 89178

Sat Apr 04 2020
This week the median list price for Las Vegas, NV 89178 is $419,949 with the market action index hovering around 56. This is an increase over last month's market action index of 53. Inventory has held steady at or around 98. 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 $419,949
Per Square Foot $160
Days on Market 89
Price Decreased 41%
Price Increased 4%
Relisted 7%
Inventory 98
Median Rent $1,673
Most Expensive $925,000
Least Expensive $249,880
Market Action 56
Strong Seller's Market

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as 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
$555,000 3,588 6,500 - 8,000 sqft 5 3 13 3 4 93
$444,950 2,913 6,500 - 8,000 sqft 4 3 14 5 1 79
$375,000 2,291 4,500 - 6,500 sqft 4 3 12 8 4 80
$309,900 1,885 0 - 4,500 sqft 3 3 13 10 7 101