Lawyers Title Market Report

North Las Vegas, NV

Single-Family Homes

Lawyers Title of Nevada | 702-693-5100 | www.LTIC.com


North Las Vegas, NV

Tue Oct 15 2024
This week the median list price for North Las Vegas, NV is $439,900 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has increased to 529. Click here to stay informed with the North Las Vegas market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

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.

North Las Vegas, NV

Tue Oct 15 2024
This week the median list price for North Las Vegas, NV is $439,900 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has increased to 529. Click here to stay informed with the North Las Vegas market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

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 North Las Vegas market.
Median List Price $439,900
Median Price of New Listings $439,495
Per Square Foot $237
Average Days on Market 126
Median Days on Market 42
Price Decreased 40%
Price Increased 6%
Relisted 13%
Inventory 529
Median Rent
Market Action 41
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change 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
$559,750 2,809 6,500 - 8,000 sqft 4 3 17 17 16 49
$464,999 2,112 4,500 - 6,500 sqft 4 2.5 18 23 18 35
$419,925 1,682 4,500 - 6,500 sqft 3 2 20 14 13 38
$370,000 1,400 4,500 - 6,500 sqft 3 2 26 26 21 42