First American Market Report

Las Vegas, NV

Single-Family Homes

Nationwide Strength, Local Expertise, and Friendly Service.



Las Vegas, NV

Mon Jun 05 2023
This week the median list price for Las Vegas, NV is $559,250 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has decreased to 2,348. 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

Mon Jun 05 2023
This week the median list price for Las Vegas, NV is $559,250 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has decreased to 2,348. 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 $559,250
Median Price of New Listings $485,000
Per Square Foot $256
Average Days on Market 138
Median Days on Market 56
Price Decreased 35%
Price Increased 6%
Relisted 17%
Inventory 2,348
Median Rent
Market Action 45
Strong Seller's Market

The market seems to have paused around this plateau. 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
$1,350,000 4,008 0.25 - 0.5 acre 4 3.5 19 59 46 77
$669,900 2,679 6,500 - 8,000 sqft 4 2.8 18 75 73 56
$488,000 2,023 4,500 - 6,500 sqft 3 2.5 19 89 79 49
$384,900 1,552 4,500 - 6,500 sqft 3 2 28 134 139 49