Las Vegas, NV Home Values & Market Trends
Real estate market trends reflect that there have been 27,380 transactions over the past year in Las Vegas. The median value for residential home transactions that occurred over the previous year is $416,105.98. The number of current listings in Las Vegas is 3,733, and the percentage of properties for sale in the city is 3733.00%. Las Vegas, NV currently has 890 properties in foreclosure, 43 bank owned properties, 243 properties headed for auction, and 3,733 properties for sale.
Las Vegas, NV Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 89103 | $ 274,828 $ 272/sqft | 89120 | $ 420,000 $ 232/sqft |
| 89135 | $ 811,930 $ 358/sqft | 89107 | $ 350,000 $ 239/sqft |
| 89108 | $ 358,681 $ 247/sqft | 89178 | $ 479,950 $ 244/sqft |
| 89121 | $ 359,500 $ 221/sqft | 89119 | $ 243,161 $ 231/sqft |
| 89122 | $ 349,999 $ 231/sqft | 89102 | $ 409,900 $ 264/sqft |
| 89123 | $ 445,572 $ 260/sqft | 89183 | $ 409,949 $ 242/sqft |
| 89117 | $ 560,000 $ 265/sqft | 89101 | $ 355,000 $ 331/sqft |
| 89131 | $ 579,500 $ 235/sqft | 89144 | $ 556,143 $ 299/sqft |
| 89149 | $ 465,000 $ 242/sqft | 89145 | $ 404,383 $ 265/sqft |
| 89141 | $ 628,653 $ 256/sqft | 89118 | $ 312,234 $ 275/sqft |
| 89129 | $ 465,987 $ 241/sqft | 89169 | $ 224,900 $ 219/sqft |
| 89113 | $ 570,000 $ 287/sqft | 89142 | $ 350,000 $ 223/sqft |
| 89148 | $ 524,900 $ 254/sqft | 89115 | $ 331,000 $ 209/sqft |
| 89166 | $ 516,207 $ 232/sqft | 89156 | $ 336,233 $ 217/sqft |
| 89134 | $ 503,300 $ 303/sqft | 89104 | $ 385,000 $ 239/sqft |
| 89139 | $ 535,256 $ 234/sqft | 89146 | $ 409,900 $ 255/sqft |
| 89109 | $ 641,869 $ 410/sqft | 89106 | $ 319,490 $ 229/sqft |
| 89110 | $ 342,500 $ 226/sqft | 89158 | $ 647,769 $ 768/sqft |
| 89128 | $ 325,000 $ 248/sqft | 89143 | $ 449,450 $ 225/sqft |
| 89147 | $ 370,000 $ 261/sqft | 89179 | $ 430,606 $ 244/sqft |
| 89138 | $ 800,737 $ 349/sqft | 89124 | $ 700,000 $ 291/sqft |
| 89130 | $ 439,900 $ 236/sqft | 89161 | $ 1,449,000 $ 490/sqft |
Housing Market Summary for Las Vegas, NV
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $427.1K | $414.1K | -3.05% |
| Median Sold Price | $400.6K | $414.1K | 3.35% |
| Homes For Sale | 4,232 | 3,578 | -15.45% |
| Homes Sold | 17,734 | 16,044 | -9.53% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Las Vegas, NV
Browse Homes in Las Vegas, NV
Las Vegas home values range from $25,015 to $69,630,350. The median estimated value of a home in Las Vegas is $416,105.98. The median list price of a home is 439,545.939, and the total count of properties in the city is 498,982.
- Pre-ForeclosurePre-foreclosure homes account for 0.12% of all residential properties in Las Vegas, NV with 89178 containing 53 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 44 zips within Las Vegas, NV; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,225,351 in 89138 to the lowest home value of $123,807 in 89110.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Las Vegas, NV ranges from the highest value of $402,094 in 89141 to the lowest value of $166,250 in 89169. Bank owned homes and properties account for 0.01% of properties in Las Vegas, NV. There are 44 zips within Las Vegas, NV; 89145 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions89121 has 13 auction properties, the highest number of properties going to auction in a single zip in the state of Las Vegas, NV. Auction homes and other auction properties account for 0.05% of all properties in Las Vegas, NV. There are 44 zips within Las Vegas, NV; of those zips, the median estimated home value for homes going to auction ranges from $2,272,916 in 89138 to the lowest value of $44,314 in 89138.
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Guide for Las Vegas, NV
Las Vegas saw a decrease in average property values and a stable per square foot value, suggesting a nuanced and evolving investment landscape in 2023.
Henderson’s real estate market, from March 2023 to February 2024, demonstrates adjusting property values, consistent demand, and the significance of when to list or sell properties.
The Reno real estate market exhibits fluctuating trends, with an overall annual increase in property values, especially in value per square foot. Other cities present diverse price trends, and foreclosure data outlines consistency in distressed property values. Current listing prices, higher than recent transaction values, indicate potential growth expectations.
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