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

Sun Dec 10 2023
This week the median list price for North Las Vegas, NV is $433,950 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has increased to 491. 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

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

Sun Dec 10 2023
This week the median list price for North Las Vegas, NV is $433,950 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has increased to 491. 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

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 $433,950
Median Price of New Listings $424,950
Per Square Foot $227
Average Days on Market 121
Median Days on Market 56
Price Decreased 38%
Price Increased 7%
Relisted 9%
Inventory 491
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
$551,650 2,694 4,500 - 6,500 sqft 4 3 14 16 12 70
$455,000 2,153 4,500 - 6,500 sqft 3 2.5 10 17 21 42
$410,000 1,770 4,500 - 6,500 sqft 3 2.5 18 17 23 56
$363,349 1,460 4,500 - 6,500 sqft 3 2 24 20 27 35