The Sodhi Group's Market Report

Las Vegas, NV 89166

Single-Family Homes

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Las Vegas, NV 89166

Fri Sep 20 2019
This week the median list price for Las Vegas, NV 89166 is $345,000 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has held steady at or around 135. 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 89166

Fri Sep 20 2019
This week the median list price for Las Vegas, NV 89166 is $345,000 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has held steady at or around 135. 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 $345,000
Per Square Foot $162
Days on Market 91
Price Decreased 53%
Price Increased 6%
Relisted 13%
Inventory 135
Median House Rent $1,650
Most Expensive $769,342
Least Expensive $245,000
Market Action Index
Slight Seller's Advantage
41

Prices in this zip code seem to have settled around a 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
$489,987 3,121 4,500 - 6,500 sqft 4 4 2 2 7 111
$382,450 2,405 0 - 4,500 sqft 4 3 3 5 7 61
$319,450 1,962 0 - 4,500 sqft 3 3 6 7 9 84
$291,444 1,745 0 - 4,500 sqft 3 3 9 2 7 110