Las Vegas Real Estate Market Report [2024]

Las Vegas Housing Market Report

2024 Las Vegas Real Estate Market Report. Below you will find the latest Las Vegas housing market stats, trends and predictions for 2024. Start by taking a look below at what's currently happening in the Las Vegas real estate market.

Home Prices in Las Vegas, NV 2024

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Las Vegas Real Estate Market Update - March 2024

Las Vegas Median Home Prices - 2024 YTD

Month Median Home Price
Jan 2024 $445,000
Feb 2024 $460,000
Mar 2024 $465,000

Las Vegas Housing Market Data - March 2024

Las Vegas Housing Market Snapshot - March 2024Las Vegas Housing Market Snapshot - March 2024. Source: LVR 

The median home price for single family homes sold in March 2024 in Las Vegas was $465,000 up from February when it was $460,000. Comparing to February of last year, this number is up from the median home price of $425,000.

There were 2,082 single family homes sold in March 2024, an increase from the number of homes sold in February by 9.8% but down 11.8% from March 2023. 

There was 1.6 months of inventory available on the market to end the month of March, a decrease from March2023 by 10.2%, and down from last month by 12.8%.

In March, 62.5% of all single-family units sold in 30 days or less in Las Vegas. This number is up from 56.1% in February and up from 49.6% in 2023.

The average days on market for single family homes in the Greater Las Vegas Area during February was 37 days, down from 38.5 in February.

Las Vegas Condo and Townhome Market Snapshot - March 2024Condo & Townhouse Housing Market Snapshot - March 2024. Source: LVR

The Las Vegas condo and townhome market saw a slight decrease in median price of units sold to $282,500 during March, down from $283,000 in February. Comparing to March of last year (2023), this number is up from the median price of $260,000.

There were 590 condo and townhouse units sold in March, and to end the month, there were 1,179 units available, with 2 months of inventory available on the market. 

In March, 56.3% of all condos and townhomes sold in 30 days or less. This number remains roughly the same from February (56%) and up from 54.6% last year. 

The average days on market for condo and townhouse units in the Greater Las Vegas Area during March was approximately 34.5 days, down slightly from 35.5 in February.

If you need help buying or selling a home in the Greater Las Vegas Area, contact us today to speak with an experienced Las Vegas real estate agent or find out what your home may be worth in the current market with a free online home valuation.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold. Growth rates are compared to the prior year. Availability reflects inventory excluding those with offers.

Las Vegas Real Estate Market Update - February 2024

Las Vegas Median Home Prices - 2024 YTD

Month Median Home Price
Jan 2024 $445,000
Feb 2024 $460,000

Las Vegas Housing Market Data - February 2024

Las Vegas Housing Market Snapshot - Feb 2024Las Vegas Housing Market Snapshot - February 2024. Source: LVR 

The median home price for single family homes sold in February 2024 in Las Vegas was $460,000 up from January when it was $445,000. Comparing to February of last year, this number is up from the median home price of $424,995.

There were 1,896 single family homes sold in February 2024, an increase from the number of homes sold in January by 28.2% and up 10% from February 2023. 

There was 1.8 months of inventory available on the market to end the month of February, a decrease from February 2023 by 32.4%, and down from last month by 23.8%.

In February, 56% of all single-family units sold in 30 days or less in Las Vegas. This number is up from 52.5% in January and up from 41% in 2023.

The average days on market for single family homes in the Greater Las Vegas Area during February was 38.5 days, down from 40 the previous months.

Las Vegas Condo and Townhome Market Snapshot - Feb 2024Condo & Townhouse Housing Market Snapshot - February 2024. Source: LVR

The Las Vegas condo and townhome market saw an increase in median price of units sold to $283,000 during February, up from January when the median price was $275,000. Comparing to February of last year (2023), this number is up from the median price of $255,000.

There were 530 condo and townhouse units sold in February, and to end the month, there were 1,160 units available, with 2.2 months of inventory available on the market. 

In February, 56% of all condos and townhomes sold in 30 days or less. This number is about even from January (55.9%) and up from 49.3% last year. 

The average days on market for condo and townhouse units in the Greater Las Vegas Area during Februarywas approximately 35.5 days, remaining about the same from 36 the previous months.

If you need help buying or selling a home in the Greater Las Vegas Area, contact us today to speak with an experienced Las Vegas real estate agent or find out what your home may be worth in the current market with a free online home valuation.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold. Growth rates are compared to the prior year. Availability reflects inventory excluding those with offers.

Las Vegas Real Estate Market Update - January 2024

Las Vegas Median Home Prices - 2024 YTD

Month Median Home Price
Jan 2024 $445,000

Las Vegas Housing Market Data - January 2024

Las Vegas Housing Market Snapshot - Jan 2024Las Vegas Housing Market Snapshot - January 2024. Source: LVR 

The median home price for single family homes sold in January 2024 in Las Vegas was $445,000 down from December when it was $449,900. Comparing to January of last year, this number is up from the median home price of $425,000. 

There were 1,479 single family homes sold in January 2024, a decrease from the number of homes sold in December by 2.6% but up 11.6% from January 2023.  

There was 2.4 months of inventory available on the market to end the month of January, a decrease from January 2023 by 41.6%, and down from last month by 3.2%.

In January, 52.5% of all single-family units sold in 30 days or less in Las Vegas. This number is down from 57.6% in December but up from 38.5% in 2023. 

The average days on market for single family homes in the Greater Las Vegas Area during January was 40 days, remaining the same from the previous month.

Las Vegas Condo and Townhome Market Snapshot - Jan 2024Condo & Townhouse Housing Market Snapshot - January 2024. Source: LVR

The Las Vegas condo and townhome market saw an increase in median price of units sold to $275,000 during January, up from December when the median price was $270,000. Comparing to January of last year (2023), this number is up from the median price of $255,000.

There were 476 condo and townhouse units sold in January, and to end the month, there were 1,136 units available, with 2.4 months of inventory available on the market. 

In January, 55.9% of all condos and townhomes sold in 30 days or less. This number is down from 59.4% in December and up from 43% last year.  

The average days on market for condo and townhouse units in the Greater Las Vegas Area during January was approximately 36 days, remaining the same from the previous month.

If you need help buying or selling a home in the Greater Las Vegas Area, contact us today to speak with an experienced Las Vegas real estate agent or find out what your home may be worth in the current market with a free online home valuation.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold. Growth rates are compared to the prior year. Availability reflects inventory excluding those with offers.

Las Vegas Real Estate Market Update - December 2023

Las Vegas Median Home Prices - 2023 YTD

Month Median Home Price
Jan 2023 $425,000
Feb 2023 $424,995
Mar 2023 $425,000
Apr 2023 $430,000
May 2023 $442,120
June 2023 $440,990
July 2023 $450,000
August 2023 $447,435
September 2023 $450,000
October 2023 $449,000
November 2023 $450,000
December 2023 $449,900

Las Vegas Housing Market Data - December 2023

Las Vegas Housing Market Snapshot - December 2023Las Vegas Housing Market Snapshot - December 2023. Source: LVR 

The median home price for single family homes sold in December 2023 in Las Vegas remained about even, dipping slightly to $449,900 from November when it was $450,000. Comparing to December of last year, this number is up from the median home price of $425,000.

There were 1,518 single family homes sold in December 2023, an increase from the number of homes sold in November by 5.8% and down 1% from December 2022.

There was 2.5 months of inventory available on the market to end the month of December, a decrease from December 2022 by 38.7%, and down from last month by 18.2%.

In December, 57.6% of all single-family units sold in 30 days or less in Las Vegas. This number is down from 65.5% in November but up from 40.8% last year. 

The average days on market for single family homes in the Greater Las Vegas Area during December was 40 days, remaining about the same from the previous 3 months when it was approximately 42.

Las Vegas Condo and Townhome Market Snapshot - December 2023Condo & Townhouse Housing Market Snapshot - December 2023. Source: LVR

The Las Vegas condo and townhome market saw a decrease in median price of units sold to $270,000 during December, down from November when the median price was $275,000. Comparing to December of last year (2022), this number is up from the median price of $246,950.

There were 463 condo and townhouse units sold in December, and to end the month, there were 1,133 units available, with 2.4 months of inventory available on the market.

In December, 59.4% of all condos and townhomes sold in 30 days or less. This number is down from 67.1% in November and up from 41.8% last year. 

The average days on market for condo and townhouse units in the Greater Las Vegas Area during December was approximately 36 days, remaining about the same from the previous 3 months.

If you need help buying or selling a home in the Greater Las Vegas Area, contact us today to speak with an experienced Las Vegas real estate agent or find out what your home may be worth in the current market with a free online home valuation.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold. Growth rates are compared to the prior year. Availability reflects inventory excluding those with offers.

Las Vegas Real Estate Market Update - November 2023

Las Vegas Median Home Prices - 2023 YTD

Month Median Home Price
Jan 2023 $425,000
Feb 2023 $424,995
Mar 2023 $425,000
Apr 2023 $430,000
May 2023 $442,120
June 2023 $440,990
July 2023 $450,000
August 2023 $447,435
September 2023 $450,000
October 2023 $449,000
November 2023 $450,000

Las Vegas Housing Market Data - November 2023

Las Vegas Housing Market Snapshot - November 2023Las Vegas Housing Market Snapshot - November 2023. Source: LVR 

The median home price for single family homes sold in November 2023 in Las Vegas remained about even, rising slightly to $450,000 from October when it was $449,000. Comparing to November of last year, this number is up from the median home price of $430,990. 

There were 1,435 single family homes sold in November 2023, a decrease from the number of homes sold in October by 15.5% and down 5.7% from November 2022.  

There was 3 months of inventory available on the market to end the month of November, a decrease from November 2022 by 37.2%, however up from last month by 22.3%. 

In November, 65.5% of all single-family units sold in 30 days or less in Las Vegas. This number is down from 67.2% in October but up from 47% last year. 

The average days on market for single family homes in the Greater Las Vegas Area during November was 41 days, remaining about the same from the previous 3 months when it was approximately 42.

Las Vegas Condo and Townhome Market Snapshot - November 2023Condo & Townhouse Housing Market Snapshot - November 2023. Source: LVR

The Las Vegas condo and townhome market in November 2023 in Las Vegas remained about even, decreasing slightly to $275,000 from October when it was $275,500. Comparing to November of last year, this number is up from the median price of $260,000.  

There were 459 condo and townhouse units sold in November, and to end the month, there were 1,261 units available, with 2.7 months of inventory available on the market. 

In November, 67% of all condos and townhomes sold in 30 days or less. This number is up from 66.2% in October and up from 49.1% last year.  

The average days on market for condo and townhouse units in the Greater Las Vegas Area during November was approximately 38 days, remaining about the same from the previous 3 months.

If you need help buying or selling a home in the Greater Las Vegas Area, contact us today to speak with an experienced Las Vegas real estate agent or find out what your home may be worth in the current market with a free online home valuation.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold. Growth rates are compared to the prior year. Availability reflects inventory excluding those with offers.

Las Vegas Real Estate Market Update - October 2023

Las Vegas Median Home Prices - 2023 YTD

Month Median Home Price
Jan 2023 $425,000
Feb 2023 $424,995
Mar 2023 $425,000
Apr 2023 $430,000
May 2023 $442,120
June 2023 $440,990
July 2023 $450,000
August 2023 $447,435
September 2023 $450,000
October 2023 $449,000

Las Vegas Housing Market Data - October 2023

Las Vegas Housing Market Snapshot - October 2023Las Vegas Housing Market Snapshot - October 2023. Source: LVR 

The median home price for single family homes sold in October 2023 in Las Vegas dipped slightly to $449,000 from September when it was $450,000. Comparing to October of last year, this number is up from the median home price of $440,000. 

There were 1,699 single family homes sold in October 2023, a decrease from the number of homes sold in September by 6.7% and down 1.5% from October 2022.  

There was 2.5 months of inventory available on the market to end the month of October, a decrease from October 2022 by 45.9%, however up from last month by 11.1%. 

In October, 67.2% of all single-family units sold in 30 days or less in Las Vegas. This number is down from 68% in September but up from 53.7% last year. 

The average days on market for single family homes in the Greater Las Vegas Area during October was 42 days, remaining about the same from the previous 3 months.

Las Vegas Condo and Townhome Market Snapshot - October 2023Condo & Townhouse Housing Market Snapshot - October 2023. Source: LVR

The Las Vegas condo and townhome market saw an increase in median price of units sold to $275,500 during October, up from September when the median price was $270,000. Comparing to October of last year (2022), this number is up from the median price of $266,000. 

There were 474 condo and townhouse units sold in October, and to end the month, there were 1,195 units available, with 2.5 months of inventory available on the market. 

In October, 66.2% of all condos and townhomes sold in 30 days or less. This number is down from 72% in September but up from 54.7% last year.  

The average days on market for condo and townhouse units in the Greater Las Vegas Area during October was approximately 39 days, remaining about the same from the previous 3 months.

If you need help buying or selling a home in the Greater Las Vegas Area, contact us today to speak with an experienced Las Vegas real estate agent or find out what your home may be worth in the current market with a free online home valuation.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold. Growth rates are compared to the prior year. Availability reflects inventory excluding those with offers.

Las Vegas Real Estate Market Update - September 2023

Las Vegas Median Home Prices - 2023 YTD

Month Median Home Price
Jan 2023 $425,000
Feb 2023 $424,995
Mar 2023 $425,000
Apr 2023 $430,000
May 2023 $442,120
June 2023 $440,990
July 2023 $450,000
August 2023 $447,435
September 2023 $450,000

Las Vegas Housing Market Data - September 2023

Las Vegas Housing Market Snapshot - September 2023Las Vegas Housing Market Snapshot - September 2023. Source: LVR 

The median home price for single family homes sold in September 2023 in Las Vegas increased to $450,000 up from August when it was $447,435. Comparing to September of last year, this number is the same when the median home price was also $450,000. 

There were 1,821 single family homes sold in September 2023, a decrease from the number of homes sold in August by 9.4% and down 10.3% from September 2022.

There was 2.2 months of inventory available on the market to end the month of September, a decrease from September 2022 by 44.2%, however up from last month by 15.6%.

In September, 68% of all single-family units sold in 30 days or less in Las Vegas. This number is down from 69.8% in August but up from 56.8% last year.

The average days on market for single family homes in the Greater Las Vegas Area during September was 43 days, remaining about the same from August and July.

Las Vegas Condo and Townhome Market Snapshot - September 2023Condo & Townhouse Housing Market Snapshot - September 2023. Source: LVR

The Las Vegas condo and townhome market saw a decrease in median price of units sold to $270,000 during September, down from August when the median price was $287,000. Comparing to September of last year (2022), this number is the same when the median price was also $270,000. 

There were 553 condo and townhouse units sold in September, and to end the month, there were 1,035 units available, with 1.9 months of inventory available on the market. 

In September, 72% of all condos and townhomes sold in 30 days or less. This number is down from 73% in August but up from 64.5% last year. 

The average days on market for condo and townhouse units in the Greater Las Vegas Area during August was approximately 39 days, remaining about the same from August and July.

If you need help buying or selling a home in the Greater Las Vegas Area, contact us today to speak with an experienced Las Vegas real estate agent or find out what your home may be worth in the current market with a free online home valuation.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold. Growth rates are compared to the prior year. Availability reflects inventory excluding those with offers.

Las Vegas Real Estate Market Update - August 2023

Las Vegas Median Home Prices - 2023 YTD

Month Median Home Price
Jan 2023 $425,000
Feb 2023 $424,995
Mar 2023 $425,000
Apr 2023 $430,000
May 2023 $442,120
June 2023 $440,990
July 2023 $450,000
August 2023 $447,435

Las Vegas Housing Market Data - August 2023

Las Vegas Housing Market Snapshot - August 2023Las Vegas Housing Market Snapshot - August 2023. Source: LVR 

The median home price for single family homes sold in August 2023 in Las Vegas decreased to $447,435, down from July when it was $450,000. Comparing to August of last year, this number is down 0.6% when the median home price was $450,000.

There were 2,009 single family homes sold in August 2023, a decrease from the number of homes sold in July by 1.6% and down 0.3% from August 2022.  

There was 1.9 months of inventory available on the market to end the month of August, a decrease from August 2022 by 51.6%, however up from last month by 11.9%.

In August, 69.8% of all single-family units sold in 30 days or less in Las Vegas. This number is up from 68.7% in July but down from 71.7% last year. 

The average days on market for single family homes in the Greater Las Vegas Area during August was approximately 43 days, remaining about the same from July when the average days on market was approximately 42.

Las Vegas Condo and Townhome Market Snapshot - August 2023Condo & Townhouse Housing Market Snapshot - August 2023. Source: LVR

The Las Vegas condo and townhome market saw an increase in median price of units sold to $287,000 during August, up from July when the median price was $273,500. Comparing to August of last year (2022), this number is up approximately 8.3% when the median price was $264,900. 

There were 640 condo and townhouse units sold in August, and to end the month, there were 978 units available, with 1.5 months of inventory available on the market. 

In August, 73% of all condos and townhomes sold in 30 days or less. This number is up from 70.2% in July but down from 75.3% last year. 

The average days on market for condo and townhouse units in the Greater Las Vegas Area during August was approximately 39 days, remaining about the same from July when the average days on market was also approximately 39.

If you need help buying or selling a home in the Greater Las Vegas Area, contact us today to speak with an experienced Las Vegas real estate agent or find out what your home may be worth in the current market with a free online home valuation.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold. Growth rates are compared to the prior year. Availability reflects inventory excluding those with offers.

Las Vegas Real Estate Market Update - July 2023

Las Vegas Median Home Prices - 2023 YTD

Month Median Home Price
Jan 2023 $425,000
Feb 2023 $424,995
Mar 2023 $425,000
Apr 2023 $430,000
May 2023 $442,120
June 2023 $440,990
July 2023 $450,000

Las Vegas Housing Market Data - July 2023

Las Vegas Housing Market Snapshot - July 2023Las Vegas Housing Market Snapshot - July 2023. Source: LVR 

The median home price for single family homes sold in July 2023 in Las Vegas increased to $450,000 up from June when it was $440,990. Comparing to July of last year, this number is down 3.2% when the median home price was $465,000.  

There were 2,041 single family homes sold in July 2023, a decrease from the number of homes sold in June by 11% and down 1.2% from July 2022.   

There was 1.7 months of inventory available on the market to end the month of July, a decrease from July 2022 by 51.3%, however up from last month by 7.6%.

In July, 68.7% of all single-family units sold in 30 days or less in Las Vegas. This number is up from 65.5% in June but down from 83.6% from last year. 

The average days on market for single family homes in the Greater Las Vegas Area during July was approximately 42 days, remaining about the same from June when the average days on market was approximately 41.

Las Vegas Condo and Townhome Market Snapshot - July 2023Condo & Townhouse Housing Market Snapshot - July 2023. Source: LVR

The Las Vegas condo and townhome market saw a slight decrease in median price of units sold during July to $273,500, down from both May and June when the median price was $275,000. Comparing to July of last year (2022), this number is up approximately 0.6% when the median price was $271,800. 

There were 610 condo and townhouse units sold in July, and to end the month, there were 871 units available, with 1.4 months of inventory available on the market. 

In July, 70.2% of all condos and townhomes sold in 30 days or less. This number is up from 65.9% in June but down from 83% last year. 

The average days on market for condo and townhouse units in the Greater Las Vegas Area during July was approximately 39 days, remaining about the same from June when the average days on market was approximately 38.

If you need help buying or selling a home in the Greater Las Vegas Area, contact us today to speak with an experienced Las Vegas real estate agent or find out what your home may be worth in the current market with a free online home valuation.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold. Growth rates are compared to the prior year. Availability reflects inventory excluding those with offers.

Las Vegas Real Estate Market Update - June 2023

Las Vegas Median Home Prices - 2023 YTD

Month Median Home Price
Jan 2023 $425,000
Feb 2023 $424,995
Mar 2023 $425,000
Apr 2023 $430,000
May 2023 $442,120
June 2023 $440,990

Las Vegas Housing Market Data - June 2023

Las Vegas Housing Market Snapshot - June 2023Las Vegas Housing Market Snapshot - June 2023. Source: LVR 

The median home price for single family homes sold in June 2023 in Las Vegas decreased slightly to $440,990, down up from May when it was $442,120. Comparing to June of last year, this number is down 8.1% when the median home price was $480,000. 

There were 2,293 single family homes sold in June 2023, a slight decrease from the number of homes sold in May by 1% and down 14.1% from June 2022. 

There was 1.6 months of inventory available on the market to end the month of June, a decrease from June 2022 by 25.5%, however up from last month by 2%.

In June, 65.5% of all single-family units sold in 30 days or less in Las Vegas. This number is up from 60.6% in May but down from 86.1% from last year.

The average days on market for single family homes in the Greater Las Vegas Area during June was approximately 41 days, an increase from May when the average days on market was approximately 38.

Las Vegas Condo and Townhome Market Snapshot - June 2023Condo & Townhouse Housing Market Snapshot - June 2023. Source: LVR

The Las Vegas condo and townhome market saw no change in median price of units sold during June, remaining at $275,000 from May. Comparing to June of last year (2022), this number is down approximately 1.8% when the median price was $280,000.

There were 646 condo and townhouse units sold in June, and to end the month, there were 930 units available, with 1.4 months of inventory available on the market.

In June, 65.9% of all condos and townhomes sold in 30 days or less. This number is up from 62.1% in May but down from 89.1% last year. 

The average days on market for condo and townhouse units in the Greater Las Vegas Area during June was approximately 38 days, an increase from May when the average days on market was approximately 35.

If you need help buying or selling a home in the Greater Las Vegas Area, contact us today to speak with an experienced Las Vegas real estate agent or find out what your home may be worth in the current market with a free online home valuation.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold. Growth rates are compared to the prior year. Availability reflects inventory excluding those with offers.

Las Vegas Real Estate Market Update - May 2023

Las Vegas Median Home Prices - 2023 YTD

Month Median Home Price
Jan 2023 $425,000
Feb 2023 $424,995
Mar 2023 $425,000
Apr 2023 $430,000
May 2023 $442,120

Las Vegas Housing Market Data - May 2023

Las Vegas Housing Market Snapshot - May 2023Las Vegas Housing Market Snapshot - May 2023. Source: LVR 

The median home price for single family homes sold in May 2023 in Las Vegas increased to $442,120, up from April when it was $430,000. Comparing to May of last year, this number is down 8.3% when the median home price was $482,000. 

There were 2,316 single family homes sold in May 2023, an increase from the number of homes sold in April by 18% and down 20.3% from May 2022.  

There was 1.6 months of inventory available on the market to end the month of May, an increase from May 2022 by 28.2%, however down from last month by 17.4%.

In May, 60.6% of all single-family units sold in 30 days or less in Las Vegas. This number is up from 53.6% in April but down from 88.6% from last year. 

The average days on market for single family homes in the Greater Las Vegas Area during May was approximately 38 days, an increase from April when the average days on market was approximately 35.

Las Vegas Condo and Townhome Market Snapshot - May 2023Condo & Townhouse Housing Market Snapshot - May 2023. Source: LVR

The Las Vegas condo and townhome market saw an increase in median price of units sold during May, rising to $275,000 from $270,000 last month. Comparing to May of last year (2022), this number is down approximately 3.5% when the median price was $285,000. 

There were 684 condo and townhouse units sold in May, and to end the month, there were 925 units available, with 1.4 months of inventory available on the market. 

In May, 62.1% of all condos and townhomes sold in 30 days or less. This number is up from 58.1% in April but down from 93.1% last year.  

The average days on market for condo and townhouse units in the Greater Las Vegas Area during May was approximately 35 days, an increase from April when the average days on market was approximately 32.

If you need help buying or selling a home in the Greater Las Vegas Area, contact us today to speak with an experienced Las Vegas real estate agent or find out what your home may be worth in the current market with a free online home valuation.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold. Growth rates are compared to the prior year. Availability reflects inventory excluding those with offers.

Las Vegas Real Estate Market Update - April 2023

Las Vegas Median Home Prices - 2023 YTD

Month Median Home Price
Jan 2023 $425,000
Feb 2023 $424,995
Mar 2023 $425,000
Apr 2023 $430,000

Las Vegas Housing Market Data - April 2023

Las Vegas Housing Market Snapshot - April 2023Las Vegas Housing Market Snapshot - April 2023. Source: LVR 

The median home price for single family homes sold in April 2023 in Las Vegas increased to $430,000, up slightly from March when it was $425,000. Comparing to April of last year, this number is down 9.5% when the median home price was $475,000. 

There were 1,962 single family homes sold in April 2023, down from the number of homes sold in March by 16.9% and down 34.6% from April 2022.

There was 1.9 months of inventory available on the market to end the month of April, an increase from April 2022 by 134.2%, and up from last month by 7.2%.

In April, 53.6% of all single-family units sold in 30 days or less in Las Vegas. This number is up from 49.6% in March but down from 87.2% from last year. 

The average days on market for single family homes in the Greater Las Vegas Area during April was approximately 35 days, an increase from March when the average days on market was approximately 31.

Las Vegas Condo and Townhome Market Snapshot - April 2023Condo & Townhouse Housing Market Snapshot - April 2023. Source: LVR

The Las Vegas condo and townhome market saw an increase in median price of units sold during April, climbing to $270,000 from $260,000 last month. Comparing to April of last year (2022), this number is down approximately 1.8% when the median price was $275,000. 

There were 535 condo and townhouse units sold in April, and to end the month, there were 964 units available, with 1.8 months of inventory available on the market.

In April, 58.1% of all condos and townhomes sold in 30 days or less. This number is up from 54.6% in March but down from 91.1% last year.  

The average days on market for condo and townhouse units in the Greater Las Vegas Area during April was approximately 32 days, an increase from March when the average days on market was approximately 28.

If you need help buying or selling a home in the Greater Las Vegas Area, text (702) 718-3878 or contact us today to speak with an experienced Las Vegas real estate agent and professional guidance navigating the current market.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold. Growth rates are compared to the prior year. Availability reflects inventory excluding those with offers.

Las Vegas Real Estate Market Update - March 2023

Las Vegas Median Home Prices - 2023 YTD

Month Median Home Price
Jan 2023 $425,000
Feb 2023 $424,995
Mar 2023 $425,000

Las Vegas Housing Market Data - March 2023

Las Vegas Housing Market Snapshot - Mar 2023Las Vegas Housing Market Snapshot - March 2023. Source: LVR 

The median home price for single family homes sold in March 2023 in Las Vegas increased slightly to $425,000, remaining at or about the same price from January and February. Comparing to March of last year, this number is down 7.6% when the median home price was $460,000. 

There were 2,361 single family homes sold in March 2023, up from the number of homes sold in February by 31.7% and down 27.8% from March 2022. 

There was 1.8 months of inventory available on the market to end the month of March, an increase from March 2022 by 190%, but down from last month by 34.4%.

In March, 49.6% of all single-family units sold in 30 days or less in Las Vegas. This number is up from 41.1% in February and down from 82.8% from last year. 

The average days on market for single family homes in the Greater Las Vegas Area during March was approximately 31 days, an increase from February when the average days on market was approximately 28. 

Las Vegas Condo and Townhome Market Snapshot - Mar 2023Condo & Townhouse Housing Market Snapshot - March 2023. Source: LVR

The Las Vegas condo and townhome market saw an increase in median price of units sold during March, climbing to $260,000 from $255,000 last month. Comparing to March of last year (2022), this number is down approximately 3.7% when the median price was $270,000. 

There were 601 condo and townhouse units sold in March, and to end the month, there were 1,103 units available, with 1.8 months of inventory available on the market.

In March, 54.6% of all condos and townhomes sold in 30 days or less. This number is up from 49.3% in February and down from 88.5% last year.  

The average days on market for condo and townhouse units in the Greater Las Vegas Area during March was approximately 28 days, a decrease from February when the average days on market was approximately 24. 

If you need help buying or selling a home in the Greater Las Vegas Area, text (702) 718-3878 or contact us today to speak with an experienced Las Vegas real estate agent and professional guidance navigating the current market.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold. Growth rates are compared to the prior year. Availability reflects inventory excluding those with offers.

Las Vegas Real Estate Market Update - February 2023

Las Vegas Median Home Prices - 2022 YTD

Month Median Home Price
Jan 2023 $425,000
Feb 2023 $424,995

Las Vegas Housing Market Data - February 2023

Las Vegas Housing Market Snapshot - Feb 2023Las Vegas Housing Market Snapshot - February 2023. Source: LVR 

The median home price for single family homes sold in February 2023 in Las Vegas decreased slightly to $424,995, almost remaining the same from January when it was $425,000. Comparing to February of last year, this number is down 5.6% when the median home price was $450,000.

There were 1,722 single family homes sold in February 2023, up from the number of homes sold in January by 30% and down 31.5% from February 2022. 

There was 2.7 months of inventory available on the market to end the month of February, an increase from February 2022 by 291.2%, but down from last month by 34.1%.

In February, 41.1% of all single-family units sold in 30 days or less in Las Vegas. This number is up from 38.5% in January and down from 76.8% from last year. 

The average days on market for single family homes in the Greater Las Vegas Area during February was approximately 58 days, matching the number from the previous month.

Las Vegas Condo and Townhome Market Snapshot - Feb 2023Condo & Townhouse Housing Market Snapshot - February 2023. Source: LVR

The Las Vegas condo and townhome market median price of units sold remained the same from last month at $255,000. Comparing to February of last year (2022), this number is down approximately 1.9% when the median price was $260,000. 

There were 450 condo and townhouse units sold in February, and to end the month, there were 1,155 units available, with 2.6 months of inventory available on the market. 

In February, 49.3% of all condos and townhomes sold in 30 days or less. This number is up from 43% in January and down from 85.4% last year. 

The average days on market for condo and townhouse units in the Greater Las Vegas Area during February was approximately 47 days, a decrease from January when the average days on market was approximately 51. 

If you need help buying or selling a home in the Greater Las Vegas Area, text (702) 718-3878 or contact us today to speak with an experienced Las Vegas real estate agent and professional guidance navigating the current market.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold. Growth rates are compared to the prior year. Availability reflects inventory excluding those with offers.

Las Vegas Real Estate Market Update - January 2023

Las Vegas Median Home Prices - 2023 YTD

Month Median Home Price
Jan 2023 $425,000

Las Vegas Housing Market Data - January 2023

Las Vegas Housing Market Snapshot - Jan 2023Las Vegas Housing Market Snapshot - January 2023. Source: LVR 

The median home price for single family homes sold in January 2023 in Las Vegas remained at $425,000, the same as it was in December 2022. Comparing to January of last year, this number is down 2.3% when the median home price was $435,000. 

There were 1,325 single family homes sold in January 2023, down from the number of homes sold in December by 13.6% and down 48.3% from January of last year. 

There was 4.1 months of inventory available on the market to end the month of January, an increase from January 2021 by 478.5%, and up from last month by 1.6%. 

In January, 38.5% of all single-family units sold in 30 days or less in Las Vegas. This number is down from 40.8% in December and down from 71.3% from last year. 

The average days on market for single family homes in the Greater Las Vegas Area during January was approximately 58 days, an increase from December when the average days on market was approximately 50. 

Las Vegas Condo and Townhome Market Snapshot - Jan 2023Condo & Townhouse Housing Market Snapshot - January 2023. Source: LVR

The Las Vegas condo and townhome market saw an increase in median price of units sold to start the new year, rising to $255,000 from $246,950 last month. Comparing to January of last year (2022), this number is up approximately 4.9% when the median price was $243,000.

There were 398 condo and townhouse units sold in January, and to end the month, there were 1,233 units available, with 3.1 months of inventory available on the market.

In January, 43% of all condos and townhomes sold in 30 days or less. This number is up from 41.8% in December and down from 80% last year. 

The average days on market for condo and townhouse units in the Greater Las Vegas Area during January was approximately 51 days, a decrease from December when the average days on market was approximately 55. 

If you need help buying or selling a home in the Greater Las Vegas Area, text (702) 718-3878 or contact us today to speak with an experienced Las Vegas real estate agent and professional guidance navigating the current market.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold. Growth rates are compared to the prior year. Availability reflects inventory excluding those with offers.

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