🏠 Las Vegas Real Estate Market Report – This Month 2019
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
- Las Vegas Housing Market Predictions 2018
- 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
- Vegas Housing Market Reports from 2018
- 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 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!
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.
The average time on the market for condos and townhouses is approximately 40 days.
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.
- 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 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
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 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 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 Months Supply of Inventory
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