Las Vegas Market Watch

MARKET REPORT /Las Vegas, NV Tue Mar 16 2021

March 16, 2021
By Dennilee Feliciano
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This week the median list price for Las Vegas, NV is $425,000 with the market action index hovering around 69. This is an increase over last month's market action index of 60. Inventory has held steady at or around 1,487. Click here to stay informed with the Las Vegas market!

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   $425,000
Per Square Foot   $206
Days on Market   21
Price Decreased   16%
Price Increased   9%
Relisted   8%
Inventory   1,487
Median Rent   $1,825
Most Expensive   $28,300,000
Least Expensive   $145,000
Market Action   69
Strong Seller's Market

The market appears to be 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.

March 16, 2021
By Dennilee Feliciano