The Sodhi Group's Market Report

Las Vegas, NV 89138

Single-Family Homes

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Las Vegas, NV 89138

Thu Feb 27 2020
This week the median list price for Las Vegas, NV 89138 is $628,007 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has held steady at or around 108. 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.

Slight Seller's Advantage

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 Feb 27 2020
This week the median list price for Las Vegas, NV 89138 is $628,007 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has held steady at or around 108. 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.

Slight Seller's Advantage

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 $628,007
Per Square Foot $232
Days on Market 113
Price Decreased 36%
Price Increased 6%
Relisted 6%
Inventory 108
Median Rent $2,100
Most Expensive $1,395,000
Least Expensive $310,000
Market Action 37
Slight Seller's Advantage

We continue to see prices in this zip code bounce around this plateau. 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
$899,995 3,539 8,000 - 10,000 sqft 5 5 4 3 2 122
$670,000 3,044 6,500 - 8,000 sqft 4 4 5 3 3 127
$575,000 2,564 6,500 - 8,000 sqft 3 3 4 1 1 92
$430,000 1,895 4,500 - 6,500 sqft 3 3 14 6 6 110