First American Market Report

Las Vegas, NV

Single-Family Homes

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Las Vegas, NV

Tue Jul 17 2018
This week the median list price for Las Vegas, NV is $375,000 with the market action index hovering around 51. This is less than last month's market action index of 56. Inventory has held steady at or around 3787. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Tue Jul 17 2018
This week the median list price for Las Vegas, NV is $375,000 with the market action index hovering around 51. This is less than last month's market action index of 56. Inventory has held steady at or around 3787. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $375,000
Per Square Foot $172
Days on Market 82
Price Decreased 32%
Price Increased 6%
Relisted 7%
Inventory 3787
Median House Rent $1,550
Most Expensive $16,800,000
Least Expensive $63,250
Market Action Index
Strong Seller's Market
51

The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.

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
$795,000 3,888 0.25 - 0.5 acre 4 4 16 93 53 145
$445,000 2,654 6,500 - 8,000 sqft 4 3 16 149 87 75
$324,999 2,022 4,500 - 6,500 sqft 3 3 17 180 133 55
$249,500 1,465 4,500 - 6,500 sqft 3 2 28 291 233 53