The Sodhi Group's Market Report

Las Vegas, NV 89141

Single-Family Homes

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Las Vegas, NV 89141

Fri Sep 20 2019
This week the median list price for Las Vegas, NV 89141 is $435,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 237. 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

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.

Las Vegas, NV 89141

Fri Sep 20 2019
This week the median list price for Las Vegas, NV 89141 is $435,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 237. 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

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 Las Vegas market.
Median List Price $435,000
Per Square Foot $178
Days on Market 121
Price Decreased 52%
Price Increased 3%
Relisted 10%
Inventory 237
Median House Rent $1,795
Most Expensive $8,900,000
Least Expensive $248,500
Market Action Index
Slight Seller's Advantage
35

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,450,000 5,098 0.25 - 0.5 acre 5 6 11 2 4 207
$529,950 3,004 6,500 - 8,000 sqft 4 4 4 5 7 110
$396,665 2,459 4,500 - 6,500 sqft 4 3 14 4 8 96
$299,900 1,811 0 - 4,500 sqft 3 3 15 8 14 73