The Sodhi Group's Market Report

Las Vegas, NV 89138

Single-Family Homes

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Las Vegas, NV 89138

Thu Jan 20 2022
This week the median list price for Las Vegas, NV 89138 is $785,000 with the market action index hovering around 62. This is an increase over last month's market action index of 60. Inventory has decreased to 44. 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 89138

Thu Jan 20 2022
This week the median list price for Las Vegas, NV 89138 is $785,000 with the market action index hovering around 62. This is an increase over last month's market action index of 60. Inventory has decreased to 44. 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 $785,000
Median Price of New Listings $749,500
Per Square Foot $309
Average Days on Market 66
Median Days on Market 39
Price Decreased 18%
Price Increased 7%
Relisted 9%
Inventory 44
Median Rent $2,600
Market Action 62
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,175,000 3,332 0.25 - 0.5 acre 4 3.5 18 1 1 42
$900,000 2,835 6,500 - 8,000 sqft 4 3 4 5 3 21
$710,000 2,516 4,500 - 6,500 sqft 4 2.5 4 5 5 35
$658,751 2,424 4,500 - 6,500 sqft 4 3 17 3 1 56