Sat Nov 27 2021
This week the median list price for Las Vegas, NV is $509,900 with the market action index hovering around 61. This is about the same as last month's market action index of 61. Inventory has decreased to 2,221.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$509,900|
|Median Price of New Listings||$429,997|
|Per Square Foot||$240|
|Average Days on Market||77|
|Median Days on Market||35|
|Strong Seller's Market|
Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,165,000||4,008||0.25 - 0.5 acre||4||3.5||19||62||73||63|
|$600,000||2,613||6,500 - 8,000 sqft||4||2.8||18||84||113||35|
|$448,500||1,990||4,500 - 6,500 sqft||3||2.5||21||157||137||21|
|$340,000||1,434||4,500 - 6,500 sqft||3||2||36||187||206||21|