The Sodhi Group's Market Report

North Las Vegas, NV

Single-Family Homes

Info@YourHomeLV.com | www.YourHomeLV.com



North Las Vegas, NV

Thu Feb 27 2020
This week the median list price for North Las Vegas, NV is $301,000 with the market action index hovering around 46. This is an increase over last month's market action index of 44. Inventory has held steady at or around 522. Click here to stay informed with the North 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.

North Las Vegas, NV

Thu Feb 27 2020
This week the median list price for North Las Vegas, NV is $301,000 with the market action index hovering around 46. This is an increase over last month's market action index of 44. Inventory has held steady at or around 522. Click here to stay informed with the North 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 North Las Vegas market.
Median List Price $301,000
Per Square Foot $158
Days on Market 104
Price Decreased 34%
Price Increased 7%
Relisted 9%
Inventory 522
Median Rent $1,550
Most Expensive $750,000
Least Expensive $147,000
Market Action 46
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
$389,888 2,791 6,500 - 8,000 sqft 4 3 13 21 22 93
$323,920 2,105 4,500 - 6,500 sqft 4 3 14 29 31 91
$285,000 1,797 4,500 - 6,500 sqft 3 3 15 22 30 104
$214,999 1,235 4,500 - 6,500 sqft 3 2 50 12 28 126