First American Market Report

Las Vegas, NV

Single-Family Homes

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Las Vegas, NV

Thu Mar 28 2024
This week the median list price for Las Vegas, NV is $579,444 with the market action index hovering around 46. This is an increase over last month's market action index of 43. Inventory has held steady at or around 2,162. 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.

Strong Seller's Market

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

Thu Mar 28 2024
This week the median list price for Las Vegas, NV is $579,444 with the market action index hovering around 46. This is an increase over last month's market action index of 43. Inventory has held steady at or around 2,162. 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.

Strong Seller's Market

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 $579,444
Median Price of New Listings $495,000
Per Square Foot $271
Average Days on Market 136
Median Days on Market 42
Price Decreased 28%
Price Increased 8%
Relisted 15%
Inventory 2,162
Median Rent
Market Action 46
Strong Seller's Market

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
$1,376,000 3,889 0.25 - 0.5 acre 4 3.5 20 69 40 63
$689,000 2,596 6,500 - 8,000 sqft 4 2.8 19 79 78 42
$494,900 1,998 4,500 - 6,500 sqft 3 2.5 22 111 93 35
$385,000 1,494 4,500 - 6,500 sqft 3 2 33 144 120 35