First American Market Report

Las Vegas, NV

Single-Family Homes

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Las Vegas, NV

Tue Sep 28 2021
This week the median list price for Las Vegas, NV is $514,900 with the market action index hovering around 64. This is less than last month's market action index of 67. Inventory has increased to 2,463. 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

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

Tue Sep 28 2021
This week the median list price for Las Vegas, NV is $514,900 with the market action index hovering around 64. This is less than last month's market action index of 67. Inventory has increased to 2,463. 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

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 $514,900
Median Price of New Listings $430,000
Per Square Foot $237
Average Days on Market 70
Median Days on Market 28
Price Decreased 33%
Price Increased 8%
Relisted 9%
Inventory 2,463
Median Rent $2,147
Market Action 64
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.

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
$1,199,000 4,036 0.25 - 0.5 acre 4 3 19 70 67 49
$615,000 2,651 6,500 - 8,000 sqft 4 2 19 116 116 28
$440,000 2,003 4,500 - 6,500 sqft 3 2 20 159 161 21
$339,700 1,464 4,500 - 6,500 sqft 3 1 33 205 241 21