Enjoy this real estate market report for the Las Vegas-Henderson-North Las
Vegas, and greater Las Vegas area. Browse previous years’ home prices to current home values by property type, zip code, and more.

2019 Las Vegas Home Prices

Property SubtypeSale Price, Median
Single Family Residential$300,000
Townhouse$212,000
Condominium$145,000
Manufactured Home$143,000

Previous Years

  • 2015: $216,800
  • 2016: $237,800
  • 2017: $266,800
  • 2018: $294,600
  • 2019: $310,000

Las Vegas Real Estate Market

This is an average for single-family homes sold in Las Vegas in 2019.

MonthSale Price, MedianList Price, Median
Jan$300,736$307,500
Feb$293,000$309,000
Mar$300,000$310,000
Apr$295,000$320,000
May$299,000$319,900
Jun$300,000$319,000
Jul$303,000$315,000
Aug$305,000$319,900
Sep$310,000$319,900
Oct$305,000$325,000
Nov$302,000$315,000
Dec$310,000$320,000

North Las Vegas Home Prices 2019

The Median sales price for a single family home in North Las Vegas is $275,000, $225,000 for a townhouse and $160,000 for a condo.

Property SubtypeSale Price, Median
Single Family Residential$275,000
Townhouse$225,000
Condominium$160,000
Manufactured Home$74,900

Henderson Home Prices 2019

Property SubtypeSale Price, Median
Single Family Residential$355,000
Townhouse$242,000
Condominium$183,750
Manufactured Home$165,000
Is it a Good Time To Sell Your House In Las Vegas

Las Vegas doesn’t have the seasonality changes that affect some markets. Spring is certainly the most popular time to buy and sell a house in Las Vegas.

It’s always a good time to sell in Las Vegas when you consider months, yet times, when inventory is lower, can entice more buyers.

We see the highest number of real estate listings taken in the Months June through October and then they taper off. Winter has the least amount of listings and while buyers tend to be in shorter supply, those that are shopping are generally serious buyers. And homes look amazing during the holidays in Las Vegas.

That being said, in the winter months, we do see a close price to list price ratio drop by 2% indicating sellers dropping prices towards the end of the year.

In this 2019 chart, you can see the total number of listings per month in Las Vegas indicating when sellers tend to put their homes on the market.

What’s interesting to consider, however, is that December 2019 saw the highest average price per square foot of a home sold that year.

In this 2019 chart, you can see the total number of listings per month in Las Vegas indicating when sellers tend to put their homes on the market.

What is the Average Cost For a House In Las Vegas

Lori Ballen REALTORĀ® reports that a single-family house located directly in the city of Las Vegas has an average sales price of $300,000. This is not including condo sales, townhome sales, or sales in nearby cities such as Las Vegas and Henderson.Chart of Average Single Family Home Prices in Las Vegas for the past 5 years

Is the Las Vegas Real Estate Market Going To Crash in 2020

Some real estate experts are predicting a potential housing market crash in 2020 due to politics and the potential of rising interest rates. Realtor.com predicts a decline in home sales of as much as 11% and a decline in home values overall.

That being said, the end of 2019 saw stable home values, ample home sales, and new construction builds which is always a positive sign in the real estate market.

In Which Month in Las Vegas Does a House Sell The Fastest?

According to the average statistics posted by Lori Ballen, a Las Vegas REALTORĀ®, July homes sold at an average of 35 days is the fastest in 2019, and homes sold in December had the longest days on market at an average of 45 days.

Single Family homes have a shorter “days on market” average as you can see in this graph for the Las Vegas housing market in 2019. When we look at single-family home sales, December sales were on the market for the highest number of days at 32 and June sales had the lowest average days on market at 23 days.
Single Family homes have a shorter day on market average as you can see in this graph for the Las Vegas housing market in 2019.

Is it a Buyers or Sellers Market in Las Vegas?

At the end of 2019, Lori Ballen REALTORĀ® reported that Las Vegas had 3 months of inventory in the real estate market which would be called a seller’s market. The entire year was at a 3 to 4-month inventory pace. We consider 6 months of inventory a balanced market.
Months of Inventory for single family houses in Las Vegas for the past 5 years indicating a sellers market

Who Can I Call to Sell My House in Las Vegas?

Call Lori Ballen Team at 702-604-7739 to buy or sell a house in Las Vegas, North Las Vegas, or Henderson, NV. Lori’s team is one of the top referred and preferred real estate teams in the Greater Las Vegas Area.
Lori Ballen Team is one of the top referred and preferred teams of Las Vegas.

Are Home Values in Southwest Las Vegas Increasing?

The southwest area of Las Vegas is booming. In December of 2015, the median home price for a single-family home in the Southwest part of Las Vegas was $248,000. In December 2018, the median sales price for a single-family property in Southwest Las Vegas was $340,000. The southwest area of Las Vegas is booming. In December of 2015, the median home price for a single-family home in the Southwest part of Las Vegas was $248,000. In December 2018, the median sales price for a single-family property in Southwest Las Vegas was $340,000.

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