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Las Vegas, NV 89117
Thu Dec 16 2021
This week the median list price for Las Vegas, NV 89117 is $762,500 with the market action index hovering around 59. This is about the same as last month's market action index of 59. Inventory has held steady at or around 76. 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
59
59
Strong Seller's Market

The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Real-Time Market Profile
Never miss important changes in the Las Vegas market.
Median List Price
$762,500
Median Price of New Listings
$567,500
Per Square Foot
$257
Average Days on Market
83
Median Days on Market
42
Price Decreased
38%
Price Increased
4%
Relisted
12%
Inventory
76
Median Rent
$2,600
Market Action
59
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
$800K
$900K
While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$1,699,999 4,877 0.5 - 1 acre 5 4.5 24 2 2 105
$979,000 3,944 0.5 - 1 acre 5 3.5 26 2 1 77
$605,000 2,443 6,500 - 8,000 sqft 4 2.5 31 6 2 21
$469,000 1,883 4,500 - 6,500 sqft 3 2.5 32 6 6 21
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30-Year Mortgage Rate Drops Below 3% Again Though low rates have contributed to high buyer demand, affordability is holding the market back, according to Freddie Mac.