12/16/2021
Las Vegas, NV 89134
Thu Dec 16 2021
This week the median list price for Las Vegas, NV 89134 is $589,000 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has decreased to 71. 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.
Buyer's
Market
Seller's
Market
0
10
20
30
40
50
60
70
80
90
100
Today
Today
Last Month
Last Month
54
54
Strong Seller's Market
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Las Vegas market.
Median List Price
$589,000
Median Price of New Listings
$670,500
Per Square Foot
$310
Average Days on Market
67
Median Days on Market
49
Price Decreased
41%
Price Increased
6%
Relisted
14%
Inventory
71
Median Rent
$2,126
Market Action
54
Strong Seller's Market
Click for more charts
Median List Price
Market Segments
Click and drag in the plot area to zoom in.
7-Day Average
90-Day Average
Dec 2018
May 2019
Sep 2019
Jan 2020
May 2020
Sep 2020
Jan 2021
May 2021
Sep 2021
$400K
$500K
$600K
$700K
$300K
$800K
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
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
$1,425,000 4,107 0.25 - 0.5 acre 4 4 24 3 5 63
$669,250 2,115 8,000 - 10,000 sqft 3 2 25 5 1 24
$521,050 1,843 6,500 - 8,000 sqft 2 2 28 2 8 56
$419,500 1,395 6,500 - 8,000 sqft 2 2 28 2 9 28
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