The Sodhi Group's Market Report

Las Vegas, NV 89166

Single-Family Homes

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Las Vegas, NV 89166

Thu Feb 27 2020
This week the median list price for Las Vegas, NV 89166 is $377,080 with the market action index hovering around 45. This is an increase over last month's market action index of 41. Inventory has held steady at or around 92. 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 89166

Thu Feb 27 2020
This week the median list price for Las Vegas, NV 89166 is $377,080 with the market action index hovering around 45. This is an increase over last month's market action index of 41. Inventory has held steady at or around 92. 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 $377,080
Per Square Foot $171
Days on Market 91
Price Decreased 37%
Price Increased 7%
Relisted 5%
Inventory 92
Median Rent $1,650
Most Expensive $1,799,900
Least Expensive $259,999
Market Action 45
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing 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
$500,000 2,813 4,500 - 6,500 sqft 4 3 3 7 4 67
$422,900 2,396 4,500 - 6,500 sqft 4 3 3 2 4 58
$339,300 2,077 0 - 4,500 sqft 3 3 7 2 6 67
$299,000 1,789 0 - 4,500 sqft 3 3 10 8 5 171