This is the Las Vegas Real Estate Market Report for North Las Vegas, Henderson, Las Vegas, and Clark County, Nevada.

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Average Price Range for Homes in Las Vegas

The average price of single-family homes in the Las Vegas area, excluding condos, is $345,009.

This is the average and not the median where highest and lowest priced homes are removed. The average price of single-family homes is $345,000, which is up 1.0% for the month of November 2018 and up 9.9% from December 2017.

Compare prices month over month in the chart below. You can see single-family home prices rising steadily throughout the 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
July 2018 $325,056
August 2018 $330,336
September 2018 $349,843
October 2018 $355,945
November 2018 $341,524
December 2018 $345,009

Las Vegas Housing Market Predictions 2018

Take a look at the trends in Las Vegas Real Estate Market for December 2018.

According to Greater Las Vegas Association of Realtors statistics for the month beginning December 2018, there is a 3.1 months supply of real estate inventory for single-family homes, up a whopping 111.3% from the previous year.

From December 2017 to December 2018 the median sales price for single-family homes rose 10.2%.

For the month beginning December 2018 we see a total of 2,658 units sold, this includes single family homes, condominiums, and townhomes. This is a reduction of approximately 15%.

The median price range of single family homes sold in Las Vegas for December 2018 is $295,520, a slight increase of 0.1% from the month of November.

The median price range of condos and townhouses sold is $163,500 up 14.3% from the end of December 2017. For a comprehensive look at the Las Vegas real estate market for December 2018, Read More Here!

Others Have Asked
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Existing Home Sales

Existing home sales for the end of the month of November 2018:

 

Property Subtype Sales, Number of
Single-Family Residential 2,658
Condominium/Townhouse 516

Average Time on Market for Las Vegas Listings

The average time on the market for single-family homes is approximately 35 days.

Time on market: 30 days or less (single family homes)

The average time on the market for condos and townhouses is approximately 40 days.

TIme on market: 30 days or less (condos/tonwhouses)

There were 2,336 new listings on the market at the beginning of December 2018. This is down 27.5% from the prior month.

 

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

At the beginning of December 2018 there were 8,143 total single-family homes, condos, and townhouses available in the Las Vegas Real Estate Market. This is a slight decrease in the number of total properties available.

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 4,787
Aug 10,183 9,891 9,090 6,300 5,818
Sep 10,385 10,020 8,958 6,185 6,039
Oct 10,544 10,113 8,706 6,012 6,521
Nov 10,379 9,690 8,247 5,639 8,608
Dec 9,550 8,792 7,304 4,974 8,143

Average List to Close Price

The average list to close price to begin the month of December 2018 was a $394,570 average list price vs. a $345,009 average close price. Market trends are indicating a weakening sellers market.

 

Real Estate Statistics

Here is a snapshot of statistics from the National Association of Realtors® (NAR) Confidence report for December 2018. These statistics are gathered through surveys of the 500,000 real estate agents and brokers throughout the United States.

Realtors Sellers Traffic Index - December 2018

  • Properties were typically on the market for 46 days (40 days in December 2017).
  • First-time buyers accounted for 32 percent of sales (32 percent in December 2017).
  • Cash sales made up 22 percent of sales (20 percent in December 2017).
    From October–December 2018, 75 percent of contracts settled on time (71 percent in December 2017).
  • REALTORS® report “interest rate” and “low inventory” as the major issues affecting transactions in December 2018
January 2018February 2018March 2018
April 2018May 2018June 2018
July 2018August 2018September 2018
October 2018November 2018December 2018

Clark County Average Price Range

The chart below lists the average price for single-family homes in Clark County Nevada. The median price range for single-family homes is $276,600.

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
July 2018 $339,495
August 2018 $353,467
September 2018 $345,229
October 2018 $355,711
November 2018 $339,990
December 2018 $368,125

North Las Vegas Housing Market

The North Las Vegas average price range for single-family homes sold is $269,705 for the month ending November 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
June 2018 $267,142
July 2018 $261,713
August 2018 $277,418
September 2018 $271,162
October 2018 $276,548
November 2018 $265,133
December 2018 $257,667

Henderson Market Values

Looking at the Real Estate Market Trends for Henderson NV, the average price range for homes sold is $377,506 with a total number of 365 units sold.

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
July 2018 $393,987
August 2018 $405,524
September 2018 $383,659
October 2018 $411,795
November 2018 $324,167
December 2018 $348,631

Vegas Housing Market Reports from 2018

January 2018February 2018March 2018
April 2018May 2018June 2018
July 2018August 2018September 2018
October 2018November 2018December 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

Effective Months of Availability

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 7,427 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
Lori Ballen Team
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