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What is the Average Price Range in Las Vegas?

Including only Single Family Homes, October 2018 ended with a Las Vegas Average Price Range of $349,843. We are using the average here instead of the median where the highest price and lowest price homes are removed. Compare the average prices month-over-month for this 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

Las Vegas Housing Market Predictions 2018

Here’s a look at the Las Vegas Real Estate Market for November 2018. According to statistics released by the Greater Las Vegas Association of REALTORS® (GLVAR), there is a 2.7 months supply of real estate inventory for single-family homes. This number is up 12.5 percent from last year at this time. Let’s take a closer look at the Las Vegas market trends.

From October of 2017 to October of 2018, the median sale price for homes in Las Vegas went up by 13.5 percent.

November began with a total of 2,286 condominiumstownhomes, and single family homes sold. This number shows a drop from the 3,005 last month. The median price range of single-family homes that sold in Las Vegas during the month of October was $295,000. This amount shows an increase of 13.5 percent from the $260,000 in October 2017. Last month’s median sale price was $300,000.  Read More Here!

Others Have Asked
If you are thinking of selling and wonder how much your house might sell for in today’s Las Vegas Real Estate Market, use this instant home value estimate or call 702.482.7739. We serve Henderson, North Las Vegas, and Las Vegas and have partners across the nation as well.

Existing Home Sales for October 2018

 

Property Subtype Sales, Number of
Single-Family Residential 1,789
Condominium 296
Townhouse 221

Average Time on Market for Las Vegas Listings

At the end of October 2018, the average days on market in Las Vegas for houses was 32 days and for condominiums was 29 days. See the chart below to see how this month compares to the last couple of years.

chart of average days on the market for Las Vegas

 

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

At the beginning of November 2018, Las Vegas shows 6,521 homes on the market.

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
Dec 9,550 8,792 7,304 4,974

Average List to Close Price

At the beginning of November 2018, the average list to close price was 98.7% for houses and 98.5% for condos. These numbers indicate a strong seller’s market.

Average listing to closing percentage for Las Vegas

Real Estate Statistics

Statistics are gathered from the September 2018 National Association of REALTORS® (NAR) Confidence Report. These statistics are gathered through surveys provided by 50,000 real estate agents and brokers.

  • 1st time home buyers accounted for 32 percent of sales
  • 13% of the sales were vacation and investment buyers
  • Only 3% of the sales were distressed (short sales, foreclosures)
  • 21% of the real estate sold was purchased with cash
  • 20% of sellers made contributions to the buyers closing costs
  • Biggest Challenges the market is facing: low inventory, interest rates
January 2018February 2018March 2018
April 2018May 2018June 2018
July 2018August 2018September 2018
October 2018November 2018

Clark County Average Price Range

The average price range single-family sales in Clark County, NV was $355,711 at the end of October 2018

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

North Las Vegas Housing Market

The average price range single-family sales in North Las Vegas was $276,548 at the end of October 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

Henderson Market Values

Henderson closed out with the average price range of $411,795.

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

Vegas Housing Market Reports from 2018

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

yearly comparison chart showing types of properties and prices in Las Vegas showing a healthy Las Vegas real estate market

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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