Las Vegas Market Snapshot
As of January 2021
New Home Closings
| NEW HOME MARKET SNAPSHOT | Value | Annual Growth |
|---|---|---|
| Median Home Price | $369,078 | +0.8% |
| Average Price Per Square Foot | $191.35 | +8.3% |
| No. of Closings - Month | 663 | -2.5% |
| No. of Closings - Last 12 Months | 9,825 | -1.0% |
| New Home Permits - Month | 1,341 | +21.0% |
| New Home Permits - Last 12 Months | 12,165 | +14.8% |
| Active Subdivisions | 208 | -2.3% |
| Average Sales per Subdivision | 3.19 | -0.2% |
Existing Home Closings
| EXISTING (RESALE) HOME MARKET SNAPSHOT | Value | Annual Growth |
|---|---|---|
| Median Home Price | $315,000 | +15.6% |
| Average Price Per Square Foot | $188.98 | +11.9% |
| No. of Closings - Month | 3,564 | +15.6% |
| No. of Closings - Last 12 Months | 43,180 | -6.5% |
| Bank Repossessions - Month | 1 | -95.2% |
| Bank Repossessions - Last 12 Months | 55 | -85.8% |
| MLS Listings (Available) | 3,047 | -49.4% |
| Effective MLS Inventory (in Months) | 1.0 | -55.4% |
