Las Vegas Real Estate Market Report 2022

I've put together a list of the top ten cities worth a second look when it comes to the real estate market today. I've tried to recognize cities throughout the country, as I wanted to avoid generalizing in one area.With limited inventory in the greater Las Vegas area, home prices are still climbing. The Las Vegas housing market is crazy. It’s a seller’s market. Buyers must be motivated, qualified, and act quickly. Multiple offers are likely. Average home prices in Las Vegas are escalating quickly. New home construction is booming, but many builders are 6 months to 1 year out of selling completed homes.

2022 Las Vegas Housing Market

Property Type Sale Price, Median
Multiple Dwelling $505,000
Residential $410,000
High Rise $399,900
Vacant/Subdivided Land $257,500
Residential Rental $2,375

2021 Housing Market Values

The average single family home in the city of Las Vegas is selling for around $350,000 and climbing.

Month Sale Price, Median
Jan $340,000
Feb $350,000
Mar $360,000
Apr $375,000
May $382,900
Jun $394,000
Jul $400,000
Aug $401,000
Sep $405,000
Oct $402,300
Nov $402,000

2021 Listing Volume

This is for the city of Las Vegas and includes only single family properties.

Month Number of New Listings
Jan 2,036
Feb 2,179
Mar 2,560
Apr 2,672
May 2,609
Jun 2,774
Jul 2,886
Aug 2,816
Sep 2,583
Oct 2,497

Las Vegas Inventory

These are the available single family properties available for sale.

Month Active Listings, Number of
Jan 3,259
Feb 2,888
Mar 2,777
Apr 2,848
May 2,961
Jun 3,153
Jul 3,493
Aug 3,644
Sep 3,680
Oct 3,401

Close to List Price Ratio

Properties in Vegas are frequently selling for over the list price and averaging 100%. Buyers don’t have as much room to negotiate in today’s market.

Month Close Price to List Price Ratio
Jan 100.0%
Feb 100.0%
Mar 100.0%
Apr 100.0%
May 100.6%
Jun 101.2%
Jul 100.9%
Aug 100.6%
Sep 100.0%
Oct 100.0%

Days to Sell

Month Days to Sell, Median
Jan 19
Feb 12
Mar 8
Apr 7
May 6
Jun 7
Jul 7
Aug 8
Sep 8
Oct 10

Price per Square Foot

*single family homes in Las Vegas

Month Sale Price by SqFt Ratio
Jan $190
Feb $197
Mar $202
Apr $208
May $217
Jun $222
Jul $228
Aug $228
Sep $231
Oct $236

Greater Las Vegas Area

Here are the average home sales for Clark County, NV. The greater Las Vegas housing market is currently a seller’s market.

Property Subtype Sale Price by SqFt Ratio
Single Family Residential $217
Townhouse $195
Condominium $186
Manufactured Home $137

Las Vegas Real Estate Market Report

You can access a real estate market report for your zip code here.

If you need to sell your house, call or text us at 702-604-7739 for an expert analysis on how much you could get today.

Previous Years

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

Las Vegas Real Estate Market

North Las Vegas Home Prices 2020

Jan $169,950 $185,000 $202,500 $237,000 $267,500 $279,000
Feb $175,000 $182,000 $210,000 $241,100 $264,250 $285,000
Mar $176,000 $196,000 $215,000 $249,900 $263,000 $293,250
Apr $180,700 $199,900 $216,000 $255,000 $272,250 $285,000
May $180,000 $195,000 $215,000 $255,000 $272,250 $299,000
Jun $186,500 $196,500 $220,000 $260,000 $276,555 $298,000
Jul $179,945 $199,500 $227,125 $265,000 $274,900 $295,000
Aug $184,450 $200,000 $227,500 $268,000 $279,000 $300,000
Sep $180,000 $205,450 $230,000 $266,250 $281,900 $299,000
Oct $184,800 $199,000 $233,750 $265,000 $275,000 $305,000
Nov $178,000 $202,889 $230,000 $265,000 $279,000 $310,000
Dec $181,000 $205,000 $237,450 $270,000 $283,250 $307,450

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 of 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.

It’s a seller’s market and sellers are seeing top dollar while buyers are benefiting from the extremely low-interest rates.

What is the Average Cost For a House In Las Vegas

Lori Ballen REALTOR® reports that a single-family house located directly in the city of Las Vegas has an average sales price of $345,000. This is not including condo sales, townhome sales, or sales in nearby cities such as Las Vegas and Henderson.

Is the Las Vegas Real Estate Market Going To Crash in 2021

We expect to see a continuation of limited inventory with the influx of out of state buyers.

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

Spring months are generally fast-moving months.

Is it a Buyers or Sellers Market in Las Vegas?

It’s a seller’s market with limited inventory. Buyers need to be prepared to take action fast with their best offer when buying Las Vegas Real estate in 2021.

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.

What are the Las Vegas Housing Predictions

2021 should see a continued increase in home prices, limited inventory, and fast-selling homes. While some predict a switch to a buyers market based on the delinquencies in mortgages, it’s hard to say if, or when that will happe

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