The Sodhi Group's Market Report

North Las Vegas, NV

Single-Family Homes

Info@YourHomeLV.com | www.YourHomeLV.com



North Las Vegas, NV

Mon Apr 22 2019
This week the median list price for North Las Vegas, NV is $290,000 with the market action index hovering around 42. This is an increase over last month's market action index of 39. Inventory has held steady at or around 850. Click here to stay informed with the North 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.

North Las Vegas, NV

Mon Apr 22 2019
This week the median list price for North Las Vegas, NV is $290,000 with the market action index hovering around 42. This is an increase over last month's market action index of 39. Inventory has held steady at or around 850. Click here to stay informed with the North 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 North Las Vegas market.
Median List Price $290,000
Per Square Foot $154
Days on Market 71
Price Decreased 44%
Price Increased 4%
Relisted 8%
Inventory 850
Median House Rent $1,495
Most Expensive $825,000
Least Expensive $58,000
Market Action Index
Slight Seller's Advantage
42

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
$369,900 2,751 6,500 - 8,000 sqft 4 3 13 32 29 73
$310,000 2,070 4,500 - 6,500 sqft 3 3 14 38 28 72
$275,000 1,760 4,500 - 6,500 sqft 3 2 16 30 29 59
$238,000 1,358 4,500 - 6,500 sqft 3 2 23 35 50 80