The Sodhi Group's Market Report

North Las Vegas, NV

Single-Family Homes

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North Las Vegas, NV

Fri Dec 13 2019
This week the median list price for North Las Vegas, NV is $295,745 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has held steady at or around 714. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

North Las Vegas, NV

Fri Dec 13 2019
This week the median list price for North Las Vegas, NV is $295,745 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has held steady at or around 714. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the North Las Vegas market.
Median List Price $295,745
Per Square Foot $157
Days on Market 96
Price Decreased 43%
Price Increased 6%
Relisted 9%
Inventory 714
Median Rent $1,545
Most Expensive $699,000
Least Expensive $90,000
Market Action 41
Slight Seller's Advantage

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
$374,500 2,772 6,500 - 8,000 sqft 4 3 13 11 13 98
$314,998 2,035 4,500 - 6,500 sqft 4 3 13 22 20 85
$277,000 1,750 4,500 - 6,500 sqft 3 2 15 17 20 89
$225,000 1,302 4,500 - 6,500 sqft 3 2 27 13 32 110