First American Market Report

Las Vegas, NV

Single-Family Homes

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Las Vegas, NV

Tue Mar 26 2019
This week the median list price for Las Vegas, NV is $337,000 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 5201. Click here to stay informed with the Las Vegas market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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

Tue Mar 26 2019
This week the median list price for Las Vegas, NV is $337,000 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 5201. Click here to stay informed with the Las Vegas market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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 $337,000
Per Square Foot $172
Days on Market 95
Price Decreased 43%
Price Increased 5%
Relisted 12%
Inventory 5201
Median House Rent $1,599
Most Expensive $29,995,000
Least Expensive $75,000
Market Action Index
Slight Seller's Advantage
35

The market is 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
$677,440 3,574 0.25 - 0.5 acre 4 4 17 122 85 147
$385,000 2,355 4,500 - 6,500 sqft 4 3 17 153 153 86
$299,999 1,832 0 - 4,500 sqft 3 3 19 159 171 76
$241,000 1,413 4,500 - 6,500 sqft 3 2 33 230 217 71