The Sodhi Group's Market Report

Las Vegas, NV 89113

Single-Family Homes

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Las Vegas, NV 89113

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. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Las Vegas, NV 89113

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. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Las Vegas market.
Median List Price $494,950
Per Square Foot $190
Days on Market 116
Price Decreased 38%
Price Increased 4%
Relisted 8%
Inventory 110
Median Rent $1,650
Most Expensive $4,950,000
Least Expensive $245,000
Market Action 40
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.

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
$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