$7,422 Closing Credit*
$625,000
2,743 SqFt
4 Beds
•3 Full Baths
Brandon Johnson, Listing Office: HomeSmart Encore
Is Las Vegas, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Las Vegas has remained a Seller's Market.
Key Takeaway
Las Vegas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Las Vegas, NV
How much do homes in Las Vegas, NV cost?
Median Sold Price
$429,997
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+7.5%)
Key Takeaway
Homes in Las Vegas have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Las Vegas was $429,997 in October 2024, up 7.5% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $196.2K | $203.3K | +3.7% |
| 2 Bedrooms | $279.6K | $296.4K | +6.0% |
| 3 Bedrooms | $390.1K | $415.1K | +6.4% |
| 4 Bedrooms | $488.7K | $525.1K | +7.4% |
| 5+ Bedrooms | $644K | $706.5K | +9.7% |
Summary: Las Vegas housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
| Las Vegas | $399.9K | $429.9K | +7.5% |
| Clark | $512.7K | $548.9K | +7.1% |
| North Las Vegas | $390K | $411.5K | +5.5% |
Housing Supply in Las Vegas, NV
How many homes are available in Las Vegas, NV?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7,484 | 8,328 | +11.3% |
Summary: The Las Vegas real estate market had 8,328 homes for sale in October 2024, a 11.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 344 | 386 | +12.2% |
| 2 Bedrooms | 1,647 | 1,861 | +13.0% |
| 3 Bedrooms | 2,825 | 3,141 | +11.2% |
| 4 Bedrooms | 1,832 | 2,024 | +10.5% |
| 5+ Bedrooms | 836 | 916 | +9.6% |
Summary: The Las Vegas housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.2%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 9.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,408 | 1,457 | +3.5% |
Asking Price vs. Sold Price
787 Homes Were Sold
Under Asking
427 Homes Were Sold
At Asking
242 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. 54.1% of homes here sold below asking price last month.
Summary: A total of 1,457 homes were sold or pending in Las Vegas in October 2024, up by 3.5% month-over-month. Of the 1,456 sold homes, 54% were sold under asking, 29% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 37 Days | +16.4% |
Summary: Homes in Las Vegas had an average of 37 days on market in Oct 2024, up by 16.4% compared to last year.
Breakdown of Home Sale Times
838 Homes Were Sold
Under 30 Days
481 Homes Were Sold
In 30 - 90 Days
136 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 October 2024, 1457 homes were sold in Las Vegas; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 9% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2024 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.