🏠Las Vegas Real Estate Market Report – This Month 2018
Enjoy this Las Vegas Real Estate Market Report for North Las Vegas, Henderson, Las Vegas and Clark County. You can also do a home search and save your favorite properties. Set up a search and be alerted as soon as a matching property hits our database. It’s Exclusive.Â
Other’s have favored our Las Vegas Zip Code Map.Â
Click to see Just Listed Homes with Map!Nevada Real Estate News
Quick Links
- What is the Average Price Range in Las Vegas?
- Las Vegas Housing Market Predictions 2018
- Existing Home Sales for Jan 2018
- Average Time on Market for Las Vegas Listings
- Active Number of Listings in Las Vegas for the past 5 years through 2017.
- Average List to Close Price
- Real Estate Statistics
- Clark County Median Price Range (past 5 years)
- North Las Vegas Housing Market
- Henderson Market Values
- Vegas Housing Market Reports from 2018
- Market Reports from 2017
- Market Reports from 2016
- Year-to-Year Comparison of Property Types & Prices
What is the Average Price Range in Las Vegas?
Including only Single Family Homes, 2017 ended with a Las Vegas Average Price Range of $297,290. We are using the average here instead of the median where the highest price and lowest price homes are removed.
| Primary Year | Sale Price, Average |
|---|---|
| 2013 | $214,120 |
| 2014 | $237,430 |
| 2015 | $255,105 |
| 2016 | $267,647 |
| 2017 | $297,290 |
Las Vegas Housing Market Predictions 2018
Here’s a look at the Las Vegas Real Estate Market for June 2018. According to a report released on June 7th by the Greater Las Vegas Association of REALTORS® (GLVAR), we may see a peak in the rising prices within the next couple of months. Inventory is still low with a 1.5 month supply of homes available. Let’s take a closer look at the Las Vegas market trends.
From May of 2017 to May of 2018, the median price range for homes in Las Vegas went up by 18 percent.
May ended with a total of 3,890 condominiums, townhomes, and single family homes sold. This number shows an increase from the 3,571 in April. The median price range of houses that sold in Las Vegas during the month of May was $295,000. This amount shows an increase of 18 percent from May 2017 and an increase of 2.1 percent from the $289,000 of last month. Read More Here!
Existing Home Sales for Jan 2018
| Property Subtype | Sales, Number of |
|---|---|
| Single Family Residential | 1,719 |
| Condominium | 254 |
| Townhouse | 165 |
| Manufactured Home | 49 |
Average Time on Market for Las Vegas Listings
At the end of 2017, the average days on market for a house in Las Vegas was 40 days.
Active Number of Listings in Las Vegas for the past 5 years through 2017.
At the beginning of January 2018, Las Vegas shows ONLY 5,896 single family homes on the market which is the lowest out of the 5 years displayed.
| Active Listings, Number of | |||||
|---|---|---|---|---|---|
| Month | 2013 | 2014 | 2015 | 2016 | 2017 |
| Jan | 10,439 | 11,469 | 11,179 | 10,186 | 8,532 |
| Feb | 10,064 | 11,418 | 11,046 | 10,358 | 8,297 |
| Mar | 9,589 | 11,460 | 11,055 | 10,318 | 8,243 |
| Apr | 9,884 | 11,364 | 11,130 | 10,037 | 7,845 |
| May | 10,002 | 11,390 | 11,079 | 9,931 | 7,718 |
| Jun | 10,158 | 11,627 | 11,310 | 10,220 | 7,738 |
| Jul | 10,643 | 11,691 | 11,317 | 10,349 | 7,715 |
| Aug | 11,441 | 11,834 | 11,496 | 10,438 | 7,596 |
| Sep | 12,110 | 12,244 | 11,588 | 10,424 | 7,314 |
| Oct | 12,500 | 12,411 | 11,459 | 10,048 | 7,208 |
| Nov | 12,310 | 12,017 | 10,974 | 9,620 | 6,762 |
| Dec | 11,784 | 11,539 | 10,391 | 8,710 | 5,896 |
Average List to Close Price
At the end of 2017, the average list to close price was 99.3% indicating a strong seller’s market.
Real Estate Statistics
Statistics are gathered from the December 2017 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 32 percent of sales
- 16% of the sales were vacation and investment buyers
- Only 5% of the sales in 2017 were distressed (short sales, foreclosures)
- 20% of the real estate sold was purchased with cash
- 20% of sellers made contributions to the buyers closing costs
- Popular opinion says market will continue to improve
- Las Vegas Real Estate Market is Strong
- Nevada and Washington are predicted to be the markets with the highest increase in home values
- Biggest Challenge the market is facing: limited inventory
| January 2018 | February 2018 | March 2018 |
| April 2018 | May 2018 | June 2018 |
Clark County Median Price Range (past 5 years)
The Median price range for single family sales in Clark County, NV was $256,000 at the end of 2017.
| Primary Year | Sale Price, Median |
|---|---|
| 2013 | $173,000 |
| 2014 | $199,000 |
| 2015 | $216,000 |
| 2016 | $230,000 |
| 2017 | $256,000 |
North Las Vegas Housing Market
At the end of 2017, calculating single-family home sales, the median home price in North Las Vegas was $236,000
| Primary Year | Sale Price, Median |
|---|---|
| 2013 | $157,000 |
| 2014 | $179,900 |
| 2015 | $194,500 |
| 2016 | $210,000 |
| 2017 | $236,000 |
Henderson Market Values
Henderson closed out with the highest median price range of $305,000.
| Primary Year | Sale Price, Median |
|---|---|
| 2013 | $220,000 |
| 2014 | $248,000 |
| 2015 | $267,888 |
| 2016 | $282,478 |
| 2017 | $305,000 |
Vegas Housing Market Reports from 2018
| January 2018 | February 2018 | March 2018 |
| April 2018 | May 2018 | June 2018 |
Market Reports from 2017
| January 2017 | February 2017 | March 2017 |
| April 2017 | May 2017 | June 2017 |
| July 2017 | August 2017 | September 2017 |
| October 2017 | November 2017 | December 2017 |
Market Reports from 2016
| March 2016 | April 2016 | May 2016 |
| June 2016 | July 2016 | August 2016 |
| September 2016 | October 2016 | November 2016 |
| December 2016 |
Year-to-Year Comparison of Property Types & Prices
Wondering what your home might be worth? Find out instantly with our 15-second home value calculator.
