🏠 Las Vegas Real Estate Market Report – This Month 2019
Enjoy this real estate market report for the Las Vegas-Henderson-North Las
Vegas, and Clark County, NV area.
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- Average Price Range for Homes in Las Vegas
- Las Vegas Housing Market Predictions 2019
- Existing Home Sales
- Average Time on Market for Las Vegas Listings
- Active Number of Listings in Las Vegas for the past 5 years.
- Average List to Close Price
- Real Estate Statistics
- Clark County Average Price Range
- North Las Vegas Housing Market
- Henderson Market Values
- Market Reports from 2017
- Market Reports from 2016
- Year-to-Year Comparison of Months Supply of Inventory
Average Price Range for Homes in Las Vegas
The median (average minus the highest and lowest sales) sales price for single-family homes in the Las Vegas area is $300,000 at the end of March 2019. In March of 2018, the median sales price was $275,950 which reflects an 11.5% increase year over year.
| Month | Sale Price, Median |
|---|---|
| May 2018 | $289,900 |
| Jun 2018 | $289,900 |
| Jul 2018 | $288,000 |
| Aug 2018 | $292,475 |
| Sep 2018 | $300,000 |
| Oct 2018 | $295,000 |
| Nov 2018 | $295,000 |
| Dec 2018 | $290,000 |
| Jan 2019 | $300,472 |
| Feb 2019 | $293,000 |
| Mar 2019 | $300,000 |
The Average Sales price for a Condo in Las Vegas in March was $145,143.
| 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 2019
In higher demand areas of the Valley, we expect to still encounter multiple offers where the majority of home sales now will be more “available” to buyers. 2019 will continue to be a great market for both buyers and sellers.
Existing Home Sales
A total of 1,691 homes were sold during March 2019 and a total of 299 townhomes/condo were sold during the same month.
| Property Subtype | Sales, Number of |
| Single-Family Residential | 1,691 |
| Condominium/Townhouse | 299 |
Average Time on Market for Las Vegas Listings
Average time on the market for homes and townhouses/condo is 47 days for 2019. A single family home is selling at an average of 49 days in 2019 with first quarter seeing little change.
Active Number of Listings in Las Vegas for the past 5 years.
The total number of active listings in March were 6,366, up from 3,929 in March of 2018, and higher than the 5,586 during March of 2017 when we saw distressed property listings. This influx of listings is creating more housing inventory.
| 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 (original price) to close price for single-family homes is 97.7% and condos at 96.7%.
Real Estate Statistics
Nationally the median single-family home listing price was 249,400 and the average income for a household was $77,902.
The national average for homes on the market was 87 days only two days faster than this time last year.
National inventory grew 6 percent year over year while inventory in large markets increased only 12%. According to Realtor.com data.
The Las Vegas-Henderson-Paradise, NV area had a median list average of $314,994 an increase of 8% from the previous year.
Inventory overall is up 8% in the Las Vegas-Henderson-Paradise, NV real estate market.
Las Vegas lead the country in price reductions from January 2018; price reductions were up 18% in the Las Vegas-Henderson-Paradise, NV real estate market. *source Realtor.com
| January 2018 | February 2018 | March 2018 |
| April 2018 | May 2018 | June 2018 |
| July 2018 | August 2018 | September 2018 |
| October 2018 | November 2018 | December 2018 |
Clark County Average Price Range
Clark County, Nevada maintains a steady rise on average home prices with a sales price for March 2019 of $302,000.
- Mar 2014: $195,000
- March 2015: $205,900
- March 2016: $220,000
- March 2017: $244,861
- March 2018: $280,000
| 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
North Las Vegas homes ended March 2019 with a median single-family home price of $260,000 and median days on the market is at 46 days.
North Las Vegas Single-Family home prices Year over Year since 2014
| Mar | $169,000 | $176,000 | $196,000 | $215,000 | $249,900 | $260,000 |
There are approximately 983, and sellers have a median sale to list ratio of 95.56%
Number of North Las Vegas Listings for March of the past 5 years:
| Mar | 1,332 | 1,149 | 882 | 678 | 504 | 983 |
| 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
Henderson, Nevada saw median list price decrease to $339,900 from January 2018, median number of days on the market is up slightly to 29 days.
There are approximately 1,956 listings available and the sale to list price ratio is 96.11%
| 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 |
| September 2018 | $405,524 |
| September 2018 | $383,659 |
| October 2018 | $411,795 |
| November 2018 | $324,167 |
| December 2018 | $348,631 |
Market Reports from 2017
| January 2018 | February 2018 | March 2018 |
| April 2018 | May 2018 | June 2018 |
| July 2018 | August 2018 | September 2018 |
| October 2018 | November 2018 | December 2018 |
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 Months Supply of Inventory
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