Is Las Vegas, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Las Vegas has remained a Seller's Market.
Housing Prices in Las Vegas, NV
How much do homes in Las Vegas, NV cost?
Median Sold Price
$410,774
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Las Vegas was $410,774 in April 2024, up 0.2% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $200K | 0.0% |
2 Bedrooms | $284.5K | $285.9K | 0.5% |
3 Bedrooms | $400.2K | $400K | -0.1% |
4 Bedrooms | $500K | $509.7K | +1.9% |
5+ Bedrooms | $650K | $694.7K | +6.9% |
Summary: Las Vegas housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.5%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
Clark | $521.2K | $533.2K | +2.3% |
Las Vegas | $409.9K | $410.7K | 0.2% |
North Las Vegas | $401.6K | $398.9K | -0.7% |
Housing Supply in Las Vegas, NV
How many homes are available in Las Vegas, NV?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6,492 | 7,113 | +9.6% |
Summary: The Las Vegas real estate market had 7,113 homes for sale in April 2024, a 9.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 308 | 363 | +17.9% |
2 Bedrooms | 1,498 | 1,640 | +9.5% |
3 Bedrooms | 2,460 | 2,658 | +8.0% |
4 Bedrooms | 1,571 | 1,686 | +7.3% |
5+ Bedrooms | 655 | 766 | +16.9% |
Summary: The Las Vegas housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 16.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,619 | 1,813 | +12.0% |
Asking Price vs. Sold Price
906 Homes Were Sold
Under Asking
456 Homes Were Sold
At Asking
450 Homes Were Sold
Over Asking
Summary: A total of 1,813 homes were sold or pending in Las Vegas in April 2024, up by 12.0% month-over-month. Of the 1,812 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Las Vegas, NV
How long does it take to sell a home in Las Vegas, NV?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 31 Days | -39.1% |
Summary: Homes in Las Vegas had an average of 31 days on market in Apr 2024, down by 39.1% compared to last year.
Breakdown of Home Sale Times
1,252 Homes Were Sold
Under 30 Days
398 Homes Were Sold
In 30 - 90 Days
160 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1813 homes were sold in Las Vegas; 69% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.