Las Vegas Real Estate Market Report [2022]

las vegas real estate market report

Welcome to the 2022 Las Vegas Real Estate Market Report! Here you will find the latest Las Vegas housing market forecast, trends and predictions for 2022. Start by taking a look below at what's currently happening in the Las Vegas real estate market.

Home Prices in Las Vegas, NV 2022

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Las Vegas Real Estate Market Update - October 2022

After two consecutive months of leveling out, the median home price for single family homes sold in Las Vegas dropped during October. Dropping to $440,000, the median price of single family homes sold is at a 9-month low in Las Vegas, and almost matches what the median price was to start the year in January when it was $435,000.

In addition to a decline in median home price, there was a decrease in the total number of homes sold, a decrease in inventory available and a slight increase in time on market.  

With home prices dropping and less buyers in the market, sellers are seeking professional guidance through the current market, and having to compete for eyeballs and price competitively. Buyers on the other hand have more options to choose from and negotiating leverage than they did in previous months and the past year.

Las Vegas Median Home Prices - 2022 YTD

Month Median Home Price
Jan 2022 $435,000
Feb 2022 $450,000
Mar 2022 $460,000
Apr 2022 $475,000
May 2022 $482,000
June 2022 $480,000
July 2022 $465,000
Aug 2022 $450,000
Sept 2022 $450,000
Oct 2022 $440,000

Las Vegas Housing Market Data - October 2022

Las Vegas Housing Market Snapshot - Oct 2022Las Vegas Housing Market Snapshot - October 2022. Source: LVR

The median home price for single family homes sold in October 2022 in Las Vegas dropped to $440,000, down from the previous two months when it was $450,000. Comparing to October of last year (2021), this number is up approximately 7.3% when the median home price was $410,000.

There were 1,724 single family homes sold in October 2022, down from the number of homes sold in September by 15.1% and down 44% from October of last year. 

There was 4.6 months of inventory available on the market to end the month of October, an increase from October 2021 by 329.3%.

In October, 53.7% of all single-family units sold in 30 days or less in Las Vegas. This number is down slightly from 56.8% in September. 

The average days on market for single family homes in the Greater Las Vegas Area during October was approximately 21 days, a slight increase from September when the average days on market was approximately 20. 

Las Vegas Condo and Townhome Market Snapshot - Oct 2022Condo & Townhouse Housing Market Snapshot - October 2022. Source: LVR 

The Las Vegas condo and townhome market also saw a decrease in median price of units sold during October, dropping to $266,000 from $270,000 last month. Comparing to October of last year (2021), this number is up approximately 12.7% when the median price was $236,000. 

There were 468 condo and townhouse units sold in October, and to end the month, there were 1,775 units available, with 3.8 months of inventory available on the market.

In October, 54.7% of all condos and townhomes sold in 30 days or less. This number is down from 64.5% in September. 

The average days on market for condo and townhouse units in the Greater Las Vegas Area during October was approximately 18 days, a slight increase from September when the average days on market was approximately 17.

If you need help buying or selling a home in the Greater Las Vegas Area, text (702) 718-3878 or contact us today to speak with an experienced Las Vegas real estate agent and professional guidance navigating the current market.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold. Growth rates are compared to the prior year. Availability reflects inventory excluding those with offers.

Las Vegas Real Estate Market Update - September 2022

The median home price for single family homes in Las Vegas remained at $450,000 in September, which was the same for August. This month of no change ends the three-month streak where home prices declined in Las Vegas. In addition to no change in median home price, inventory available continues to rise and there was also a slight increase in the total number of homes sold during September.  

Las Vegas Median Home Prices - 2022 YTD

Month Median Home Price
Jan 2022 $435,000
Feb 2022 $450,000
Mar 2022 $460,000
Apr 2022 $475,000
May 2022 $482,000
June 2022 $480,000
July 2022 $465,000
Aug 2022 $450,000
Sept 2022 $450,000

Las Vegas Housing Market Data - September 2022

Las Vegas Housing Market Snapshot - Sept 2022Las Vegas Housing Market Snapshot - September 2022. Source: LVR

The median home price for single family homes sold in September 2022 in Las Vegas stayed at $450,000, which was the price for August. Comparing to September of last year (2021), this number is up approximately 10.7% when the median home price was $406,500.

There were 2,030 single family homes sold in September 2022, up from the number of homes sold in August by 1.4% and down 36.7% from September of last year.

There was 4 months of inventory on the market to end the month of September, an increase from September 2021 by 270.7%.

In September, 56.8% of all single-family units sold in 30 days or less in Las Vegas. This number is down from 71.7% in August. The average days on market for single family homes in Las Vegas during September was approximately 20 days, a slight increase from August when the average days on market was approximately 18. 

Las Vegas Condo and Townhome Market Snapshot - Sept 2022Condo & Townhouse Housing Market Snapshot - September 2022. Source: LVR 

The Las Vegas condo and townhome market saw an increase in median price of units sold during September, rising to $270,000 from $264,900 in August. Comparing to September of last year (2021), this number is up approximately 17.4% when the median price was $230,000. 

There were 524 condo and townhouse units sold in September, and to end the month, there were 1,849 units available, with 3.5 months of inventory on the market. 

In September, 64.5% of all condos and townhomes sold in 30 days or less. This number is down from 75.3% in August. The average days on market for condo and townhouse units in Las Vegas during September was approximately 17 days, a slight decrease from August when the average days on market was approximately 18. 

If you need help buying or selling a home in the Greater Las Vegas Area, text (702) 718-3878 or contact us today to speak with an experienced Las Vegas real estate agent.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold. Growth rates are compared to the prior year. Availability reflects inventory excluding those with offers.

Las Vegas Real Estate Market Update - August 2022

August marked the third consecutive month in a row that the median home price in Las Vegas has dropped. Dropping to $450,000, the median home price of single family homes sold in Las Vegas is at a 6-month low and matches what the median price was for February of this year.

In addition to a decline in median home price, the total number of homes sold has declined in the past three months, inventory available is on the rise, and time on market has slightly increased.  

The shift from a strong seller’s market to more of a neutral or buyer’s market is likely due to the higher interest rates, inflation, and uncertainty as to what’s going to happen in the coming months.

Las Vegas Median Home Prices - YTD

Month Median Home Price
Jan 2022 $435,000
Feb 2022 $450,000
Mar 2022 $460,000
Apr 2022 $475,000
May 2022 $482,000
June 2022 $480,000
July 2022 $465,000
Aug 2022 $450,000

Las Vegas Housing Market Data - August 2022

Las Vegas Housing Market Snapshot - August 2022Las Vegas Housing Market Snapshot - August 2022. Source: LVR

The median home price for single family homes sold in August 2022 in Las Vegas dropped to $450,000 down from $465,000 in July. Comparing to August of last year (2021), this number is up approximately 11.1% when the median home price was $405,000.

There were 2,002 single family homes sold in August 2022, down from the number of homes sold in July by 3.1%

There was 4 months of inventory on the market to end the month of August, an increase from July by 12.6% and up 293.8% from August of 2021. 

In August, 71.7% of all single-family units sold in 30 days or less in Las Vegas. This number is down from 83.6% in July. The average days on market for single family homes in Las Vegas during August was approximately 18 days, a slight increase from July when the average days on market was approximately 15.

Las Vegas Condo and Townhome Market Snapshot - August 2022Condo & Townhouse Housing Market Snapshot - August 2022. Source: LVR

In addition to single family homes, the condo and townhome market also saw a decrease in median price of units sold during August, dropping to $264,900 from $271,800 in July. Comparing to August of last year (2021), this number is up approximately 15.7% when the median price was $229,000.

There were 611 condo and townhouse units sold in August, and to end the month, there were 1,812 units available, with 3 months of inventory on the market. 

In August, 75.3% of all condos and townhomes sold in 30 days or less. This number is down from 83% in July. The average days on market for condo and townhouse units in Las Vegas during August was approximately 18 days, a slight increase from July when the average days on market was approximately 14. 

If you need help buying or selling a home in the Greater Las Vegas Area, text (702) 718-3878 to speak with an experienced Las Vegas real estate agent.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold. Growth rates are compared to the prior year. Availability reflects inventory excluding those with offers.

Las Vegas Real Estate Market Update - July 2022

July marked the second consecutive month in a row that the median home price in Las Vegas dropped. We started to see signs of the shift from a strong seller’s market to more of a buyer’s market in June with more inventory coming on the market and the slight dip in median home price. However, July saw more of a significant decline in median home price compared to June and even more inventory coming on the market. 

This shift is likely due to the higher interest rates, inflation and the unknown as to what’s going to happen in the coming months. With this shift in market, buyers now have more options to choose from and negotiating leverage. Whereas sellers may not experience the same multiple offer/over asking/bidding war situations and will need to list at prices that are competitive.

Las Vegas Median Home Prices - YTD

Month Median Home Price
Jan 2022 $435,000
Feb 2022 $450,000
Mar 2022 $460,000
Apr 2022 $475,000
May 2022 $482,000
June 2022 $480,000
July 2022 $465,000

Las Vegas Housing Market Data - July 2022

Las Vegas Housing Market Snapshot - July 2022Las Vegas Housing Market Snapshot - July 2022. Source: LVR

The median home price for single family homes sold in July 2022 in Las Vegas dropped to $465,000 down from $480,000 in June. Comparing to July of last year (2021), this number is up approximately 14.8% when the median home price was $405,000.

There were 2,066 single family homes sold in July 2022, down from the number of homes sold in June by 22.6%

There was 3.5 months of inventory on the market to end the month of July, an increase from June by 64.8% and up 295.6% from July of 2021. 

In July, 83.6% of all single-family units sold in 30 days or less in Las Vegas.

Las Vegas Condo and Townhome Market Snapshot - July 2022Condo & Townhouse Housing Market Snapshot - July 2022. Source: LVR

In addition to single family homes, the condo and townhome market also saw a decrease in median price of units sold as well, dropping to $271,800 from $280,000 in June. Comparing to July of last year (2021), this number is up approximately 21.2% when the median price was $224,250. 

There were 606 condo and townhouse units sold in July, and to end the month, there were 1,618 units available, with 2.7 months of inventory on the market.

In July, 83% of all condos and townhomes sold in 30 days or less. 

If you need help buying or selling a home in the Greater Las Vegas Area, text (702) 718-3878 to speak with an experienced Las Vegas real estate agent.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold. Growth rates are compared to the prior year. Availability reflects inventory excluding those with offers.

Las Vegas Real Estate Market Update - June 2022

For the past few years, the Las Vegas real estate market saw continuous rising home prices and home appreciation as well as an inventory shortage. 

During the month of June, a shift occurred and Las Vegas saw a decrease in median home sales price for single family homes and condos and townhomes, and an increase in inventory available. This indicates a slight slowdown in this hot market and a more friendly market for home buyers.

Las Vegas Median Home Prices - YTD

Month Median Home Price
Jan 2022 $435,000
Feb 2022 $450,000
Mar 2022 $460,000
Apr 2022 $475,000
May 2022 $482,000
June 2022 $480,000

Median Housing Prices in Las Vegas - June 2022 Update

Las Vegas Housing Market Data - June 2022

Las Vegas Housing Market Snapshot - June 2022Las Vegas Housing Market Snapshot - June 2022. Source: LVR

The median home price for single family homes sold in June 2022 in Las Vegas dropped to $480,000, down from $482,000 in May. Comparing to June of last year (2021), this number is up approximately 21.5% when the median home price was $395,000.

There were 2,668 single family homes sold in June 2022, down from the number of homes sold in May by 8.2%.

There was 2.2 months of inventory on the market to end the month of June, an increase from May by 75.4%. 

In June, 86.1% of all single-family units sold in 30 days or less in Las Vegas.

Las Vegas Condo and Townhome Market Snapshot - June 2022Condo & Townhouse Housing Market Snapshot - June 2022. Source: LVR

In addition to single family homes, the condo and townhome market also saw a decrease in median price of units sold as well, dropping to $280,000 from $285,000 in May. Comparing to June of last year (2021), this number is up approximately 29.6% when the median price was $216,000.

There were 736 condo and townhouse units sold in June, and to end the month, there were 1,340 units available, with 1.8 months of inventory on the market. 

In June, 89.1% of all condos and townhomes sold in 30 days or less. 

If you need help buying or selling a home in the Greater Las Vegas Area, text (702) 718-3878 to speak with an experienced Las Vegas real estate agent.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold. Growth rates are compared to the prior year. Availability reflects inventory excluding those with offers.

Las Vegas Real Estate Market Update - May 2022

During the month of May, the Las Vegas real estate market saw rising home prices, the total number of homes sold decline and more inventory come on to the market. 

The median home price for single family homes sold in May 2022 in Las Vegas climbed to a new high, reaching $482,000. Comparing to May of last year (2021), this number is up approximately 25.2% when the median home price was $385,000.

Las Vegas Median Home Prices - YTD

Month Median Home Price
Jan 2022 $435,000
Feb 2022 $450,000
Mar 2022 $460,000
Apr 2022 $475,000
May 2022 $482,000

Median Housing Prices in Las Vegas - May 2022 Update

Las Vegas Housing Market Data - May 2022

Las Vegas Housing Market Snapshot - May 2022Las Vegas Housing Market Snapshot - May 2022. Source: LVR

There were 2,907 single family homes sold in May 2022, down from the number of homes sold in April by 3.1%. 

There was 1.2 months of inventory on the market to end the month of May, an increase from April by 51%%. 

In May, 88.6% of all single-family units sold in 30 days or less in Las Vegas.

Las Vegas Condo and Townhome Market Snapshot - May 2022Condo & Townhouse Housing Market Snapshot - May 2022. Source: LVR

In addition to single family homes, condo and townhome market saw another increase this month with the median price rising to $285,000, up 39% from May 2021 when it was $205,000.

There were 851 condo and townhouse units sold in May, and to end the month, there were 797 units available, with 0.9 months of inventory on the market. 

In May, 93.1% of all condos and townhomes sold in 30 days or less. 

If you need help buying or selling a home in the Greater Las Vegas Area, call or text (702) 718-3878 to speak with an experienced Las Vegas real estate agent.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold.

Las Vegas Real Estate Market Update - April 2022

Home prices continued to climb during April in the Las Vegas real estate market, with the median price for single family homes rising to another all-time high. While the housing inventory is still limited and remarkably low, the number of units available was up to end the month but is still under a month’s supply. In other words, the Las Vegas real estate market remains hot.

The median home price for single family homes sold in April 2022 in Las Vegas climbed to a new high, reaching $475,000. Comparing to April of last year (2021), this number is up approximately 26.7% when the median home price was $375,000.

Home Values in Las Vegas, NV - April 2022

Month Median Home Price
Jan 2022 $435,000
Feb 2022 $450,000
Mar 2022 $460,000
Apr 2022 $475,000

Median Housing Prices in Las Vegas - April 2022 Update

Las Vegas Housing Market Data - April 2022

There were 3,001 single family homes sold in April 2022, down from the number of homes sold in March by 8.3%. 

There was 0.8 months of inventory on the market to end the month of April, an increase from March by 32.7%.  

Although a slight increase in inventory from last month, Las Vegas continues to be a seller’s market with homes going quickly. For reference, 6 months of inventory is considered a balanced market.

The condo and townhome market saw another increase this month as well with the median price rising to $275,000, up 35.8% from April 2021 when it was $202,450.

There were 776 condo and townhouse units sold in April, and to end the month, there were 508 units available, with 0.7 months of inventory on the market. 

In April, 87.2% of all single-family units sold in 30 days or less, and 91.1% of all condos and townhomes sold in 30 days or less. 

If you need help selling your home in the Greater Las Vegas Area, call or text (702) 357-3354 to receive a free analysis of what your home is worth.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold.

Las Vegas Real Estate Market Update - March 2022

Home prices continued to climb and inventory stayed low during March in the Las Vegas real estate market.  

The median home price for single family homes sold in March 2022 in Las Vegas rose to $460,000. Comparing to March of last year (2021), this number is up approximately 26.7% when the median home price was $363,000.

Home Values in Las Vegas, NV - March 2022

Month Median Home Price
Jan 2022 $435,000
Feb 2022 $450,000
Mar 2022 $460,000

Median Housing Prices in Las Vegas - March 2022 Update

Las Vegas Housing Market Data - March 2022

There were 3,272 single family homes sold in March 2022, up from the number of homes sold in February by 30.2%. 

Las Vegas continues to be a strong seller’s market, as there was 0.6 months of inventory on the market to end the month of March, a decrease from February by 11.5%. For reference, 6 months of inventory is considered a balanced market.  

In result, bidding wars are still common amongst buyers, and sellers are experiencing multiple offer situations with homes going quickly. 

The condo and townhome market saw another increase this month as well with the median price rising to $270,000, up 39.2% from March 2021 when it was $194,000.

There were 933 condo and townhouse units sold in March, and to end the month, there were 394 units available, with 0.4 months of inventory on the market.

In March, 82.8% of all single-family units sold in 30 days or less, and 88.5% of all condos and townhomes sold in 30 days or less. 

If you need help selling your home in the Greater Las Vegas Area, call or text (702) 357-3354 to receive a free analysis of what your home is worth.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold.

Las Vegas Real Estate Market Update - February 2022

February saw another month of growth for the Las Vegas housing market, with home prices continuing to climb and inventory staying low. 

The median home price for single family homes sold in February 2022 in Las Vegas rose to $450,000. Comparing to February of last year (2021), this number is up approximately 26.8% when the median home price was $355,000.

Home Values in Las Vegas, NV - February 2022

Month Median Home Price
Jan 2022 $435,000
Feb 2022 $450,000

Median Housing Prices in Las Vegas - February 2022 Update

Las Vegas Housing Market Data - February 2022

There were 2,514 single family homes sold in February 2022, down slightly from the number of homes sold in January by 1.8%. 

Las Vegas continues to be a strong seller’s market, as there was 0.7 months of inventory on the market to end the month of February, an increase from February of 2021 by 14.3%. For reference, 6 months of inventory is considered a balanced market. 

In result, bidding wars are common amongst buyers, and sellers are still experiencing multiple offer situations with homes going very quickly.

The condo and townhome market saw another increase this month as well with the median price rising to $260,000, up 31.6% from February 2021 when it was $197,500.

There were 669 condo and townhouse units sold in February, and to end the month, there were 316 units available, with 0.5 months of inventory on the market.

In February, 76.8% of all single-family units sold in 30 days or less, and 85.4% of all condos and townhomes sold in 30 days or less. 

If you need help selling your home in the Greater Las Vegas Area, call or text (702) 357-3354 to receive a free analysis of what your home is worth.

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold.

Las Vegas Real Estate Market Update - January 2022

The start of a new year tends to bring new opportunities, and in the Las Vegas housing market it brought about yet another new median home price!

January continued the hot streak from last year as the median home price in Las Vegas rose to $435,000 for single-family homes sold. This is up roughly 26% when comparing to January of 2021 when the median home price was $345,000.

Currently in the Las Vegas real estate market, prices continue to climb and inventory continues to decrease. Buyers are continuing to experience bidding wars to land the home they want, and sellers are still experiencing multiple offer situations with homes going very quickly.

Home Values in Las Vegas, NV - January 2022

Month Median Home Price
Jan 2022 $435,000

Median Housing Prices in Las Vegas - January 2022 Update

Las Vegas Housing Market Data - January 2022

There were 2,561 single family homes sold in January 2022, down from the number of homes sold in December 2021 by 19.4%.

Las Vegas continues to be a strong seller’s market, as there was 0.7 months of inventory on the market to end the month of January, a decrease from January of 2021 by 19%. For reference, 6 months of inventory is considered to be a balanced market.

The condo and townhome market saw a slight increase this month with the median price rising to $243,000, up roughly 26% from January 2021 when it was $193,000. 

There were 711 condo and townhouse units sold in January, and to end the month, there were 322 units available, with 0.5 months of inventory on the market.

In January, 71.3% of all single-family units sold in 30 days or less, and 80% of all condos and townhomes sold in 30 days or less.

If you need help selling your home in the Las Vegas or Henderson areas, call or text (702) 357-3354 or contact us today to receive a free analysis of what your home is worth. 

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units

2022 Las Vegas Housing Market Forecast

Is it a good time to buy a house in Las Vegas 2022?

Buyers timing the Las Vegas real estate market who are waiting for lower prices have been unsuccessful for the past two years. With rising interest rates and slower growth in prices expected in 2022, this year may be a good time to buy a home in Las Vegas.

Is it a Buyer's or Seller's Market in Las Vegas?

It is a seller's market in Las Vegas, because at the time of writing less than 1 month of inventory exists on the market. To be considered a buyer's market, more than 6 months of inventory would need to exist on the market.

Are Las Vegas housing prices going up?

Yes, real estate prices in Las Vegas are going up. Between January 2021 - December 2021, median home prices in Las Vegas increased from $345,000 to $425,000, representing a 23.18% increase.

Is Las Vegas in a housing bubble?

There is no crystal ball that can tell for sure whether or not Las Vegas real estate is in a bubble. However, Las Vegas housing prices did reach new highs to end 2021. It's anyone's best guess whether prices will continue to increase or decrease in 2022.

Will there be a housing crash in Las Vegas 2022?

A crash in the price of Las Vegas real estate is not expected during 2022; however, anything can happen. Brandon Roberts, the new president of the Las Vegas Realtors Association, has stated to the press that he expects a strong housing market in 2022, in part due to low inventory and steady demand.

Will homes get cheaper in Las Vegas?

It's possible that homes will become less expensive in Las Vegas during 2022. Although it's also possible that housing prices will continue to increase as they have for several years now. In 2021, there was double-digit percent growth in prices. Some experts are making predictions for single-digit growth in the Las Vegas housing market during 2022.

How fast are homes selling in Las Vegas?

At the time of writing, homes are selling fast in Las Vegas and there's a major inventory shortage. The majority of homes in Las Vegas are selling in less than 30 days. In December 2021, according to LVR data 75.1% of homes sold in less than 30 days.


las vegas real estate market report

Home Prices in Las Vegas, NV - 2021

Median Home Prices in Las Vegas - 2021Median Home Prices in Las Vegas, NV - 2021

Las Vegas Real Estate Market Update - December 2021

During 2021, the Las Vegas real estate market was hot and broke records month-after-month. The month of December was no different, as the median home price in Las Vegas hit $425,000 for single-family homes.

Home Values in Las Vegas, NV

Month Median Home Price
Jan 2021 $345,000
Feb 2021 $355,000
Mar 2021 $363,000
April 2021 $375,000
May 2021 $385,000
June 2021 $395,000
July 2021 $405,000
Aug 2021 $405,000
Sept 2021 $406,500
Oct 2021 $410,000
Nov 2021 $420,000
Dec 2021 $425,000

Median Housing Prices in Las Vegas - December 2021 Update

Las Vegas Housing Market Data

There were 3,178 single family homes sold in December 2021, down slightly from the number of homes sold in November by 2.9%. 

Homebuyers continue to see low inventory, as there was 0.7 months of inventory on the market to end the month of December, a decrease from December of 2020 by 27.7%. Considering 6 months of inventory suggests a balanced market, Las Vegas continues to be a seller’s market.

The condo and townhome market saw an increase as well, with the median price rising to $242,000 up from $240,000 in November, and a 30.1% increase from December of last year.

There were 827 condo and townhouse units sold in December, and to end the month, there were 387 units available, with 0.5 months of inventory on the market. 

In December, 75.1% of all single-family units sold in 30 days or less, and 79.7% of all condos and townhomes sold in 30 days or less.

If you need help selling your home in Las Vegas or the Henderson area, call or text (702) 357-3354 to receive a free analysis of what your home is worth. 

The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold.

Las Vegas Real Estate Market Update - November 2021

The Las Vegas real estate market continued the trend for the year with breaking records for the month of November, as the median home price hit $420,000 (another all-time high) for single-family homes.

Month Median Home Price
Jan 2021 $345,000
Feb 2021 $355,000
Mar 2021 $363,000
April 2021 $375,000
May 2021 $385,000
June 2021 $395,000
July 2021 $405,000
Aug 2021 $405,000
Sept 2021 $406,500
Oct 2021 $410,000
Nov 2021 $420,000

Median Housing Prices in Las Vegas - November 2021 Update

There were 3,273 single family homes sold in November 2021, up from the number of homes sold in October by 6.4%.

Homebuyers are continuing to see low inventory, as there was 0.9 months of inventory on the market to end the month of November, a decrease from November of last year by 25.3%. Considering 6 months of inventory suggests a balanced market, Las Vegas continues to be a seller’s market. 

The condo and townhome market saw an increase as well, with the median sale price rising to $240,000 up from $236,000 in October, and a 20.2% increase from November of 2020.

There were 862 condo and townhouse units sold in November, and to end the month, there were 495 units available, with 0.6 months of inventory on the market. 

In November, 76.8% of all single-family homes sold in 30 days or less in Las Vegas, and 79.8% of all condos and townhomes sold in 30 days or less. 

If you need to sell your house in the Las Vegas area, call or text (702) 357-3354 to receive a free analysis of what your home is worth.

Las Vegas Real Estate Market Update - October 2021

The Las Vegas real estate market continued breaking records for the month of October, as the median home price hit $410,000 (an all-time high) for single-family homes. 

Month Median Home Price
Jan 2021 $345,000
Feb 2021 $355,000
Mar 2021 $363,000
April 2021 $375,000
May 2021 $385,000
June 2021 $395,000
July 2021 $405,000
Aug 2021 $405,000
Sept 2021 $406,500
Oct 2021 $410,000

Median Housing Prices in Las Vegas - October 2021 Update

There were 3,077 single family homes sold in October 2021, down slightly from the number of homes sold in September by 4.1%. 

Like September, there was 1.1 months of inventory on the market to end the month of October, however there was a slight decrease in the total number of available units coming in at 3,287 compared to 3,463 last month. 

The condo and townhome market saw an increase as well, with the median sale price rising to $236,000 up from $230,000 in September, a 26.5% growth from October 2020.

There were 805 condo and townhouse units sold in October, and to end the month, there were 583 units available, with 0.7 months of inventory on the market.

In October, 79.9% of all single-family homes sold in 30 days or less, and 81.7% of all condos and townhomes sold in 30 days or less. 

If you need to sell your house, call or text (702) 357-3354 to receive a free analysis of what your home is worth.

Las Vegas Real Estate Market Update - September 2021

September proved to be another record setting month for the Las Vegas real estate market! In September, the median price for a single-family home in Las Vegas increased slightly to $406,500, up 0.4% from August. However, it’s still a 20.5% increase from September of 2020.

Month Median Home Price
Jan 2021 $345,000
Feb 2021 $355,000
Mar 2021 $363,000
April 2021 $375,000
May 2021 $385,000
June 2021 $395,000
July 2021 $405,000
Aug 2021 $405,000
Sept 2021 $406,500

Median Housing Prices in Las Vegas - September 2021 Update

There were 3,209 single family homes sold in September, closely matching to the number of units sold in August.

Mirroring August, there were more units available to end the month, coming in at 3,463 with 1.1 months of inventory on the market. Although a slight increase in inventory and more choices on the market for buyers, Las Vegas continues to be a seller's market considering 6 months of inventory suggests a balanced market.

The condo and townhome market saw a slight increase as well, with the median sale price rising to $230,000 up from $229,000 in August, with a 19.7% growth from September 2020.

There were 869 condo and townhouse units sold in September, down slightly from August. To end the month, there were 628 units available, with 0.7 months of inventory on the market.

In September, 83.8% of all single-family homes sold in 30 days or less, and 85.5% of all condos and townhomes sold in 30 days or less.

If you need to sell your house, call or text (702) 357-3354 to receive a free analysis of what your home is worth.

Las Vegas Real Estate Market Update - August 2021

Breaking the seven month streak, the real estate market in Las Vegas during August 2021 did not see an increase in median home price, although it did remain over the $400k mark. Perhaps a sign that the market may be stabilizing? Only time will tell.

In August, the median price for a single-family home in Las Vegas held at $405,000 from July. However, it’s still a 20.9 % increase from August of last year.

Month Median Home Price
Jan 2021 $345,000
Feb 2021 $355,000
Mar 2021 $363,000
April 2021 $375,000
May 2021 $385,000
June 2021 $395,000
July 2021 $405,000
Aug 2021 $405,000

Median Housing Prices in Las Vegas - August 2021 Update

There were 3,210 single family homes sold in August, down 4.2% from July’s 3,352 homes sold. There were more units available to end the month, coming in at 3,256, with 1.0 months of inventory on the market. Another slight increase in inventory, giving buyers a few more choices on the market. Las Vegas continues to be a seller's market considering 6 months of inventory suggests a balanced market.

The condo and townhome market saw another increase as well, with the median sale price rising to $229,000 up from $224,250 in July, with a 23.8% increase from August 2020.

There were 888 condo and townhouse units sold in August, up 1.7% from July. To end the month, there were 687 units available, with 0.8 months of inventory on the market.

In August, 87.8% of all single-family homes sold in 30 days or less, and 88.1% of all condos and townhomes sold in 30 days or less.

If you need to sell your house, call or text (702) 357-3354 to receive a free analysis of what your home is worth.

Las Vegas Real Estate Market Update - July 2021

July proved to be another record breaking month for the Las Vegas real estate market, as the median home priced exceeded $400k for the first time in Las Vegas. It also adds to the seven month streak in 2021 with median home prices rising month-over-month.

In July, the median price for a home in Las Vegas increased to $405,000, a 2.5% increase from last month's price of $395,000, and a 22.7 % increase from July 2020.

Month Median Home Price
Jan 2021 $345,000
Feb 2021 $355,000
Mar 2021 $363,000
April 2021 $375,000
May 2021 $385,000
June 2021 $395,000
July 2021 $405,000

Median Housing Prices in Las Vegas - July 2021 Update

There were 3,352 single family homes sold in July, down 5.4% from June’s 3,543. There were more units available to end the month, coming in at 3,007, with 0.9 months of inventory on the market. While a slight increase in inventory, it remains tight, and Las Vegas continues to be a strong seller's market considering 6 months of inventory suggests a balanced market.

The condo and townhome market saw another increase as well, with the median sale price climbing to $224,250, up from $216,000 in June, with a 14.4% increase from July of last year.

There were 873 condo and townhouse units sold in Las Vegas during July, down 7.4% from June. To end the month, there were 662 units available with 0.8 months of inventory on the market.

In July, 89.1% of all single-family homes sold were on the market for 30 days or less, and 87.4% of all condos and townhomes sold in 30 days or less.

If you need to sell your house, call or text (702) 357-3354 to receive a free analysis of what your home is worth.

Las Vegas Real Estate Market Update - June 2021

Temperatures weren’t the only things rising in June! The Las Vegas real estate market saw increased home prices (for the sixth month in a row this year) and number of units sold.

In June, the median price for a single-family home in Las Vegas increased again to $395,000, a 2.6% increase from last month's price of $385,000, and a 21.5 % increase from June of last year.

Month Median Home Price
Jan 2021 $345,000
Feb 2021 $355,000
Mar 2021 $363,000
April 2021 $375,000
May 2021 $385,000
June 2021 $395,000

Median Housing Prices in Las Vegas - June 2021 Update

There were 3,543 single family homes sold in June, up 11.1% from May. There were 2,454 units available to end the month and only 0.7 months of inventory on the market. Las Vegas continues to be a strong seller's market considering 6 months of inventory suggests a balanced market.

The Las Vegas condo and townhome market continued stay hot as well, with the median sale price of $216,00, up from $205,000 in May, with a 15.4% increase from June of last year.

If you're thinking about selling your home in Las Vegas, now is a great time to list. In June, 88.6% of all single-family homes sold were on the market for 30 days or less, up from 86.9% in May. Similarly, 85.7% of all condo and townhouse units in Las Vegas were on the market for 30 days or less.

If you need to sell your house, call or text (702) 357-3354 to receive a free analysis of what your home is worth.

Las Vegas Real Estate Market Update - May 2021

For the fifth month in a row this year, the real estate market in Las Vegas experienced an increase in median home prices.

In May, the median price for a home in Las Vegas was $385,000, a 2.7% increase from last month's price of $375,000, and a 22.2% increase from May of last year.

Month Median Home Price
Jan 2021 $345,000
Feb 2021 $355,000
Mar 2021 $363,000
April 2021 $375,000
May 2021 $385,000

Median Housing Prices in Las Vegas - May 2021 Update

There were 3,189 single family homes sold in May, down 9.6% from April, with 2,031 units available to end the month, with 0.6 months of inventory on the market. Considering 6 months of inventory suggests a balanced market, Las Vegas continues to be a strong seller's market.

The condo and townhome market saw a slight increase as well, with the median sale price at $205,00, up from $202,450 in April, with a 10.8% increase from May of 2020.

There were 911 condo and townhouse units sold in May, down 11% from April. To end the month, there were 529 units available, with 0.6 months of inventory on the market.

In May, homes continued to sell quickly, as 86.9% of all homes sold were on the market for 30 days or less, up from 81.5% in April. Additionally, 80.9% all of the condo and townhomes in Las Vegas sold in 30 days or less.

So, if you're thinking about selling your home in Las Vegas now is a great time to list.

If you need to sell your house, call or text (702) 357-3354 to receive a free analysis of what your home is worth.

Las Vegas Real Estate Market Update - April 2021

The Las Vegas real estate market continued its hot streak in April, with an increase in home prices and homes.

The median sale price for a home in Las Vegas was $375,000, a 3.3% increase from last month's price of $363,000, and a 21% increase from April last year.

Month Median Home Price
Jan 2021 $345,000
Feb 2021 $355,000
Mar 2021 $363,000
April 2021 $375,000

Median Housing Prices in Las Vegas - April 2021 Update

There were 3,528 single family homes sold in April, with 1,827 units available to end the month, only 0.5 months of inventory on the market. That means it's a very strong seller's market, as 6 months of inventory suggests a balanced market.

The condo and townhome market continued to stay hot as well, with the median price ending the month at $202,450, up from $194,000 in March. This also represents a 12.3% increase from April of 2020.

There were 1,024 condo and townhouse units sold in April, up 4.4% from March. To end the month, there were 519 units available, with 0.5 months of inventory on the market.

If you're thinking about selling your home now is a great time to list. In April, 81.5% of all homes sold were on the market for 30 days or less, up from 75% in March. In similar fashion, 76.7% of all condos and townhomes sold were also only on the market for 30 days or less.

If you need to sell your house, call or text (702) 357-3354 to receive a free analysis of what your home is worth.

Las Vegas Real Estate Market Update – March 2021

In March, the real estate market in Las Vegas continued its hot streak. Record selling prices and a shortage of inventory dominated the headlines.

The median sale price for a home in Las Vegas was $363,000, up from last month's price of $355,000. This broke an all-time price record and reflected a 14% increase from March of last year.

The condo and townhome market stayed hot as well, with the median price ending the month at $194,000. This represented a 5% increase from March of 2020.

An astounding 3,726 single family homes were sold in March. With only 1,772 units available to end the month, there's only 0.5 months of inventory on the market. That means it's a very strong seller's market, as 6 months of inventory suggests a balanced market.

If you're thinking about selling your home now is a great time to list. In March, 74% of all homes sold were on the market for 30 days or less.

If you need to sell your house, call or text (702) 357-3354 to receive a free analysis of what your home is worth.

Housing Prices in Las Vegas

Month Median Home Price
Jan 2021 $345,000
Feb 2021 $355,000
Mar 2021 $363,000

Median Housing Prices in Las Vegas - March 2021 Update

Las Vegas Real Estate Market Trends – March 2021

Is it a Buyers or Sellers Market in Las Vegas?

It’s a sellers market in Las Vegas! There's less than one month of inventory on the market. Anything less than six months of supply indicates a sellers market.

What is the Median Home Price in Las Vegas?

The median single family home sale price in Las Vegas was $363,000 in March 2021.

Are Houses in Las Vegas Cheap?

It depends. Compared to home prices in neighboring California, the houses in Las Vegas could be considered cheap. Overall, housing prices in Las Vegas are about equal to the average price across the U.S.

Are Home Prices Dropping in Las Vegas?

No, home prices are increasing in Las Vegas. As of March 2021, home prices increased 2% from the month prior and were up 14% from March 2020.

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

Real estate prices have continued to increase in Las Vegas, interest rates remain low and there's an inventory shortage, which makes it unlikely the Las Vegas housing market will crash in the near future.

Is it a Good Time to Sell a House in Las Vegas?

Yes, it’s a good time to sell your home in Las Vegas. Supply of houses for sale is very low and homes sell fast because of strong demand from buyers both locally and from out-of-state.

las vegas housing market

Las Vegas Real Estate Market Update – February 2021

The housing market in Las Vegas is still red hot! In February we saw house prices hit another record high due to an inventory shortage. It's a strong seller's market with less than one month of inventory which means now is a great time to sell your home. The market is considered balanced when there is 6 months inventory available. Below 6 months indicates a seller's market; more than 6 months indicates a buyer's market.

If you're buying, you need to be qualified and ready to submit a good offer quickly. You should be prepared for multiple offers and bidding wars. The Las Vegas real estate market continues to bring many out-of-state buyers from California and New York, among other places.

Las Vegas Housing Market Forecast

No one knows for sure what will happen in the future for the market. However, the market has remained hot during the pandemic and shows no signs of slowing. If the inventory of homes on the market in Las Vegas begins to increase, we could see a slowing of record breaking prices.

With ultra-low interest rates, it's hard to imagine a major slow down in demand from buyers. Low interest rates cause lower monthly payments and allow buyers to afford more home for their money. While we can't be certain what will happen in the future with interest rates, in February Federal Reserve Chairman Jerome Powell told Congress the central bank is in no hurry to raise rates.

Single-Family Housing Market Trends in Las Vegas

Condo & Townhome Market Trends in Las Vegas

 Las Vegas Real Estate Market Trends - February 2021

Is it a Buyers or Sellers Market in Las Vegas?

It’s a strong sellers market in Las Vegas with less than one month of supply. Six months of supply or fewer indicates a sellers market.

What is the Median Home Price in Las Vegas?

The median home price in Las Vegas for sold single-family homes in February 2021 was $355,000.

Are Houses in Las Vegas Cheap?

It depends. Compared to home prices in neighboring California, the houses in Las Vegas could be considered cheap. Overall, housing prices in Las Vegas are about equal to the average price across the U.S.

Are Home Prices Dropping in Las Vegas?

No. As of February 2021, home prices increase 2.9% from the month prior and were up 12.3% from February 2020.

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

So far, housing prices and demand has continued to increase, which makes the market strong and unlikely to crash in the near future. No one knows for sure and making predictions would be reckless.

Is it a Good Time to Sell a House in Las Vegas?

Yes, it’s a good time to sell your home in Las Vegas. Supply of houses for sale is very low and houses sell fast because of strong demand from buyers both locally and from out-of-state.

Las Vegas Real Estate Market Data

Home prices in Las Vegas hit a record high in February. There were 2,767 single family homes sold at a median price of $355,000, up 12.3% from the prior year. Coming onto the market were 3,017 new listings at a median price of $362,000. With less than 1 month (0.6) of available inventory, the shortage of homes for sale is creating competitive conditions for buyers. Meanwhile, it's an awesome time for sellers.

The Las Vegas condo and townhome market saw 722 units sold at a median price of $197,500, up 12.9% from the prior year. 831 new listings came onto the market at a median price of $195,500. Again, there's less than 1 month (0.9) of inventory available. If you have a condo to sell, now's a good time to put it on the market.

February 2021 Real Estate Market Update Summary

No one knows for sure just how long the market will stay hot. It's not recommended to look too much into housing market forecasts for the future, as there are no guarantees which way the market will go.

However, if you're a buyer, the current low interest rates make a compelling case for purchasing a home. After all, if rates begin to climb you could be faced with more expensive payments and less ability to buy into a larger, more expensive house. If you're a seller, now is an amazing time to sell. There are far less homes on the market than usual and selling prices are at record levels.

That's all we have for this month's Las Vegas housing market report. Whether you're thinking about buying or selling, it's a good idea to consult with a licensed Las Vegas real estate agent. Stay tuned for next month's real estate market report for Las Vegas!

las vegas housing market forecast

Las Vegas Real Estate Market Update – January 2021

January continued to prove just how hot the housing market is in Las Vegas. Sales and home prices increased, while available inventory and months supply decreased to very low levels. Property values have continued to soar.

This indicates it’s a strong sellers market and now is a great time to sell! See how much you can sell for by getting a Free Home Valuation from a local expert.

Here’s a snapshot of the Las Vegas Real Estate and Housing Market data for January 2021.

Las Vegas Home Prices & Market Data

  • Median Home Price: $315,000
  • Average Home Price: $370,626
  • Price Per Square Foot: $180
  • New Listings: 2,808
  • Homes for Sale: 3,863
  • Closed Sales: 2,264
  • Days on Market: 20
  • Months Supply: 1.6

Henderson Home Prices & Market Data

  • Median Home Price: $374,900
  • Average Home Price: $524,552
  • Price Per Square Foot: $198
  • New Listings: 625
  • Homes for Sale: 738
  • Closed Sales: 633
  • Days on Market: 22
  • Months Supply: 1.1

North Las Vegas Home Prices & Market Data

  • Median Home Price: $309,100
  • Average Home Price: $311,878
  • Price Per Square Foot: $165
  • New Listings: 380
  • Homes for Sale: 340
  • Closed Sales: 361
  • Days on Market: 14
  • Months Supply: 0.9

New Construction Housing Market Report

Las Vegas New Home Prices & Market Data

  • Median Home Price: $392,969
  • Average Home Price: $370,626
  • Price Per Square Foot: $189
  • New Listings: 1,611
  • Homes for Sale: 321
  • Closed Sales: 1,271
  • Days on Market: 33
  • Months Supply: 3.0

Henderson New Home Prices & Market Data

  • Median Home Price: $398,855
  • Average Home Price: $617,824
  • Price Per Square Foot: $199
  • New Listings: 619
  • Homes for Sale: 122
  • Closed Sales: 498
  • Days on Market: 35
  • Months Supply: 3.2

North Las Vegas New Home Prices & Market Data

  • Median Home Price: $313,805
  • Average Home Price: $321,565
  • Price Per Square Foot: $167
  • New Listings: 676
  • Homes for Sale: 81
  • Closed Sales: 633
  • Days on Market: 21
  • Months Supply: 1.7

55+ Community Real Estate Market

  • Median Home Price: $365,000
  • New Listings: 78
  • Homes for Sale: 156
  • Closed Sales: 147

Condo & Townhome Market – Greater Las Vegas Area

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The information provided on this page is deemed reliable but is not guaranteed and should be independently verified. Use at your own risk. This data is based on information from the LAS VEGAS REALTORS® (LVR) Multiple Listing Service (MLS). *Median and average home price data reflects units sold.

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