Sat Apr 04 2020
This week the median list price for Las Vegas, NV 89113 is $494,950 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 110.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$494,950|
|Per Square Foot||$190|
|Days on Market||116|
|Slight Seller's Advantage|
While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$869,800||4,381||0.25 - 0.5 acre||4||4||27||4||0||201|
|$565,000||2,963||6,500 - 8,000 sqft||3||3||30||2||0||131|
|$427,419||2,413||4,500 - 6,500 sqft||3||3||4||7||2||92|
|$309,945||1,521||0 - 4,500 sqft||3||3||15||12||7||39|