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Nevada Real Estate News

What is the Average Price Range in Las Vegas?

Including only Single Family Homes, June 2018 ended with a Las Vegas Average Price Range of $322,363. We are using the average here instead of the median where the highest price and lowest price homes are removed. Compare the average prices month-over-month for this year.

Month of the Year Sale Price, Average
January 2018 $301,517
February 2018 $305,570
March 2018 $310,232
April 2018 $314,344
May 2018 $317,955
June 2018 $322,363

Las Vegas Housing Market Predictions 2018

Here’s a look at the Las Vegas Real Estate Market for July 2018. According to a report released on July 6th by the Greater Las Vegas Association of REALTORS® (GLVAR), the real estate market continues to struggle with low inventory in Las Vegas. However, housing prices are showing an increase of 12.7 percent from this time last year. Let’s take a closer look at the Las Vegas market trends.

From June of 2017 to June of 2018, the median price range for homes in Las Vegas went up by 12.7 percent.

July began with a total of 4,194 condominiums, townhomes, and single family homes sold. This number shows an increase from the 3,890 last month. The median price range of houses that sold in Las Vegas during the month of June was $290,000. This amount shows an increase of 12.7 percent from June 2017 and a drop of 1.7 percent from the $295,000 of last month. Read More Here!

Others Have Asked
If you are thinking of selling and wonder how much your house might sell for in today’s Las Vegas Real Estate Market, use this instant home value estimate or call 702.482.7739. We serve Henderson, North Las Vegas, and Las Vegas and have partners across the nation as well.

Existing Home Sales for June 2018

 

Property Subtype Sales, Number of
Single Family Residential 777
Condominium 407
Townhouse 128

Average Time on Market for Las Vegas Listings

At the end of June 2018, the average days on market in Las Vegas for houses was 27 days and for condominiums was 24 days. See the chart below to see how this month compares to the last couple of years.

 

Active Number of Listings in Las Vegas for the past 5 years.

At the beginning of July 2018, Las Vegas shows ONLY 4,708 homes on the market which is the lowest out of the 5 years displayed.

Active Listings, Number of
Month 2014 2015 2016 2017 2018
Jan 10,048 9,768 9,130 7,268 4,828
Feb 9,976 9,721 9,252 7,060 4,798
Mar 10,039 9,700 9,273 6,836 4,774
Apr 9,889 9,757 9,131 6,582 5,010
May 9,990 9,747 9,025 6,349 4,926
Jun 9,990 9,755 9,167 6,267 4,708
Jul 10,087 9,847 9,198 6,328
Aug 10,183 9,891 9,090 6,300
Sep 10,385 10,020 8,958 6,185
Oct 10,544 10,113 8,706 6,012
Nov 10,379 9,690 8,247 5,639
Dec 9,550 8,792 7,304 4,974

Average List to Close Price

At the beginning of July 2018, the average list to close price was 99.4% for houses and 98.9% for condos. These numbers indicate a strong seller’s market.

Real Estate Statistics

Statistics are gathered from the May 2018 National Association of REALTORS® (NAR) Confidence Report. These statistics are gathered through surveys provided by 50,000 real estate agents and brokers.

  • 1st time home buyers accounted for 31 percent of sales
  • 15% of the sales were vacation and investment buyers
  • Only 3% of the sales were distressed (short sales, foreclosures)
  • 21% of the real estate sold was purchased with cash
  • 17% of sellers made contributions to the buyers closing costs
  • Biggest Challenge the market is facing: limited inventory
January 2018February 2018March 2018
April 2018May 2018June 2018
July 2018

Clark County Average Price Range

The average price range single-family sales in Clark County, NV was $312,990 at the end of June 2018

Month of the Year Sale Price, Median
January 2018 $311,762
February 2018 $341,729
March 2018 $335,782
April 2018 $336,882
May 2018 $344,536
June 2018 $342,749

North Las Vegas Housing Market

The average price range single-family sales in North Las Vegas was $267,142 at the end of June 2018

Month of the Year Sale Price, Median
January 2018 $246,823
February 2018 $243,877
March 2018 $252,689
April 2018 $260,235
May 2018 $266,267
May 2018 $267,142

Henderson Market Values

Henderson closed out with the highest average price range of $386,896.

 

Month of the Year Sale Price, Median
January 2018 $380,252
February 2018 $398,897
March 2018 $384,101
April 2018 $399,654
May 2018 $401,808
June 2018 $386,896

Vegas Housing Market Reports from 2018

January 2018February 2018March 2018
April 2018May 2018June 2018
July 2018

Market Reports from 2017

January 2017February 2017March 2017
April 2017May 2017June 2017
July 2017August 2017September 2017
October 2017November 2017December 2017

Market Reports from 2016

March 2016April 2016May 2016
June 2016July 2016August 2016
September 2016October 2016November 2016
December 2016

Year-to-Year Comparison of Months Supply of Inventory

Wondering what your home might be worth? Find out instantly with our 15-second home value calculator.

 

Summary
Las Vegas Real Estate Market Report - This Month 2018
Article Name
Las Vegas Real Estate Market Report - This Month 2018
Description
At the end of the month, there were 4,335 single-family homes on the market in Las Vegas. Read More about what's happening in the Las Vegas Real Estate Market here.
Author
Publisher Name
Ballen Network at Keller Williams Realty
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