The Sodhi Group's Market Report

North Las Vegas, NV

Single-Family Homes

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North Las Vegas, NV

Sat Jul 31 2021
This week the median list price for North Las Vegas, NV is $379,950 with the market action index hovering around 89. This is less than last month's market action index of 97. Inventory has increased to 320. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

North Las Vegas, NV

Sat Jul 31 2021
This week the median list price for North Las Vegas, NV is $379,950 with the market action index hovering around 89. This is less than last month's market action index of 97. Inventory has increased to 320. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the North Las Vegas market.
Median List Price $379,950
Median Price of New Listings $375,000
Per Square Foot $205
Average Days on Market 49
Median Days on Market 14
Price Decreased 21%
Price Increased 10%
Relisted 5%
Inventory 320
Median Rent $1,900
Market Action 89
Strong Seller's Market

Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer’s zone will be 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
$499,200 2,620 6,500 - 8,000 sqft 4 2 15 23 7 21
$405,500 1,968 4,500 - 6,500 sqft 3 1 15 31 12 14
$356,945 1,713 4,500 - 6,500 sqft 3 1 19 27 15 7
$285,500 1,365 4,500 - 6,500 sqft 3 1 27 34 19 14