The Sodhi Group's Market Report

Las Vegas, NV 89141

Single-Family Homes

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Las Vegas, NV 89141

Thu Feb 27 2020
This week the median list price for Las Vegas, NV 89141 is $527,500 with the market action index hovering around 39. This is an increase over last month's market action index of 37. Inventory has held steady at or around 140. Click here to stay informed with the 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Las Vegas, NV 89141

Thu Feb 27 2020
This week the median list price for Las Vegas, NV 89141 is $527,500 with the market action index hovering around 39. This is an increase over last month's market action index of 37. Inventory has held steady at or around 140. Click here to stay informed with the 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Las Vegas market.
Median List Price $527,500
Per Square Foot $181
Days on Market 133
Price Decreased 26%
Price Increased 6%
Relisted 11%
Inventory 140
Median Rent $1,840
Most Expensive $12,000,000
Least Expensive $269,888
Market Action 39
Slight Seller's Advantage

Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

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
$2,995,000 6,250 0.5 - 1 acre 5 6 7 5 0 156
$674,900 4,364 8,000 - 10,000 sqft 5 4 16 3 2 180
$448,734 2,535 4,500 - 6,500 sqft 4 3 15 11 4 94
$349,999 1,909 0 - 4,500 sqft 3 3 16 9 9 99