Las Vegas Market Watch

MARKET REPORT / Las Vegas, NV Thu Dec 16 2021

December 16, 2021
By Kimberly K. Kim
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This week the median list price for Las Vegas, NV is $540,000 with the market action index hovering around 62. This is an increase over last month's market action index of 61. Inventory has decreased to 1,937. Click here to stay informed with the Las Vegas market!

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Las Vegas market.
Median List Price   $540,000
Median Price of New Listings   $447,000
Per Square Foot   $241
Average Days on Market   86
Median Days on Market   42
Price Decreased   30%
Price Increased   8%
Relisted   8%
Inventory   1,937
Median Rent   $2,165
Market Action   62
Strong Seller's Market
December 16, 2021
By Kimberly K. Kim