First American Market Report

Las Vegas, NV

Single-Family Homes

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Las Vegas, NV

Wed Sep 26 2018
This week the median list price for Las Vegas, NV is $359,999 with the market action index hovering around 46. This is less than last month's market action index of 49. Inventory has held steady at or around 4262. 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

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Las Vegas, NV

Wed Sep 26 2018
This week the median list price for Las Vegas, NV is $359,999 with the market action index hovering around 46. This is less than last month's market action index of 49. Inventory has held steady at or around 4262. 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

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Las Vegas market.
Median List Price $359,999
Per Square Foot $171
Days on Market 74
Price Decreased 43%
Price Increased 6%
Relisted 9%
Inventory 4262
Median House Rent $1,395
Most Expensive $16,500,000
Least Expensive $68,000
Market Action Index
Strong Seller's Market
46

The market appears to be 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
$744,950 3,792 0.25 - 0.5 acre 4 4 16 78 66 132
$419,900 2,514 6,500 - 8,000 sqft 4 3 16 131 106 68
$319,000 1,903 4,500 - 6,500 sqft 3 3 17 195 155 48
$248,944 1,456 4,500 - 6,500 sqft 3 2 29 203 186 48