$10,000 Closing Credit*
$950,000
3,636 SqFt
4 Beds
•3 Full Baths, 1 Partial
Igor Li, Listing Office: eXp Realty
Is Las Vegas, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Las Vegas was a Seller's Market.
Key Takeaway
Las Vegas is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Las Vegas, NV
How much do homes in Las Vegas, NV cost?
Median Sold Price
$431,527
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,505(+7.9%)
Key Takeaway
Homes in Las Vegas have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Las Vegas was $431,527 in November 2024, up 7.9% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $198.2K | $205K | +3.4% |
| 2 Bedrooms | $279.9K | $299.2K | +6.9% |
| 3 Bedrooms | $392.5K | $418.8K | +6.7% |
| 4 Bedrooms | $492.4K | $525.1K | +6.7% |
| 5+ Bedrooms | $649.8K | $706.4K | +8.7% |
Summary: Las Vegas housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Las Vegas | $400K | $431.5K | +7.9% |
| Clark | $512.1K | $550K | +7.4% |
| North Las Vegas | $390K | $413.3K | +6.0% |
Housing Supply in Las Vegas, NV
How many homes are available in Las Vegas, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7,775 | 8,025 | +3.2% |
Summary: The Las Vegas real estate market had 8,025 homes for sale in November 2024, a 3.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 352 | 375 | +6.5% |
| 2 Bedrooms | 1,701 | 1,847 | +8.6% |
| 3 Bedrooms | 2,979 | 2,984 | 0.2% |
| 4 Bedrooms | 1,917 | 1,958 | +2.1% |
| 5+ Bedrooms | 826 | 861 | +4.2% |
Summary: The Las Vegas housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 4.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,500 | 1,305 | -13.0% |
Asking Price vs. Sold Price
762 Homes Were Sold
Under Asking
342 Homes Were Sold
At Asking
200 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Las Vegas, you may be able to get a good deal. 58.4% of homes here sold below asking price last month.
Summary: A total of 1,305 homes were sold or pending in Las Vegas in November 2024, down by 13.0% month-over-month. Of the 1,304 sold homes, 58% were sold under asking, 26% were sold at asking, and 15% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 39 Days | +29.2% |
Summary: Homes in Las Vegas had an average of 39 days on market in Nov 2024, up by 29.2% compared to last year.
Breakdown of Home Sale Times
700 Homes Were Sold
Under 30 Days
468 Homes Were Sold
In 30 - 90 Days
133 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Las Vegas are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1305 homes were sold in Las Vegas; 54% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. GLVAR MLS deems information reliable but not guaranteed.