The Sodhi Group's Market Report

North Las Vegas, NV

Single-Family Homes

Info@YourHomeLV.com | www.YourHomeLV.com



North Las Vegas, NV

Wed Oct 23 2019
This week the median list price for North Las Vegas, NV is $295,000 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has held steady at or around 849. 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.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

North Las Vegas, NV

Wed Oct 23 2019
This week the median list price for North Las Vegas, NV is $295,000 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has held steady at or around 849. 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.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the North Las Vegas market.
Median List Price $295,000
Per Square Foot $158
Days on Market 84
Price Decreased 47%
Price Increased 4%
Relisted 10%
Inventory 849
Median House Rent $1,525
Most Expensive $699,000
Least Expensive $149,900
Market Action Index
Slight Seller's Advantage
40

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
$369,949 2,800 6,500 - 8,000 sqft 4 3 13 19 19 85
$312,061 2,004 4,500 - 6,500 sqft 4 3 13 24 34 82
$275,000 1,709 4,500 - 6,500 sqft 3 2 16 30 34 75
$229,999 1,305 4,500 - 6,500 sqft 3 2 26 31 33 93