Nevada Real Estate Trends - A New Way to Look at Nevada Realty
The robust Nevada real estate market caters to investors, home buyers and renters alike with its wide variety of price points and property types. Urbanites need look no further than Las Vegas homes for sale to find the downtown living and city nightlife that they crave.
Buyers seeking a suburban or rural lifestyle will be pleased to know that the Nevada real estate market encompasses both unique and traditional housing choices. Nevada is still considered a traditional “buyer’s market” as the average condo is generally on the market for 144 days and single family homes 176 days before sale.
The Las Vegas real estate market is slightly more seller friendly than the rest of Nevada. The average condo sells for $84,000 and is on the market just 109 days while single family homes cost $134,000 and generally find a buyer in 100 days. The city’s charm combined with the wealth of inventory makes the Las Vegas real estate market an excellent choice for all kinds of local and out-of-state shoppers. Here’s a look at current prices in the city.
Average listing price for properties in Las Vegas:Nevada Real Estate:
Largest Increase in Listing Price
| City | 3 mo. | |
|---|---|---|
| Reno, NV Real Estate | 40.72% | |
| Sparks, NV Real Estate | 30.75% | |
| Carson City, NV Real Estate | 22.23% | |
| Pahrump, NV Real Estate | 14.94% | |
| Gardnerville, NV Real Estate | 13.00% |
Nevada Real Estate:
Largest Decrease in Listing Price
| City | 3 mo. | |
|---|---|---|
| Las Vegas, NV Real Estate | 1.79% |
Most Expensive Nevada Homes for Sale by City
| City | Median $ | 3 mo. | |
|---|---|---|---|
| Henderson, NV Homes for Sale | $652,926 | 3.51% | |
| Gardnerville, NV Homes for Sale | $624,095 | 13.00% | |
| Reno, NV Homes for Sale | $529,693 | 40.72% | |
| Las Vegas, NV Homes for Sale | $440,491 | 1.79% | |
| Carson City, NV Homes for Sale | $355,033 | 22.23% |
Least Expensive Nevada Homes for Sale by City
| City | Median $ | 3 mo. | |
|---|---|---|---|
| Fernley, NV Homes for Sale | $120,700 | 5.62% | |
| Fallon, NV Homes for Sale | $165,050 | 1.42% | |
| Dayton, NV Homes for Sale | $171,644 | 2.94% | |
| North Las Vegas, NV Homes for Sale | $182,681 | 4.95% | |
| Pahrump, NV Homes for Sale | $232,197 | 14.94% |
Top 5 Nevada Cities for Families
| City | Homes with Children |
Crime vs. Natl. Avg. |
|---|---|---|
| North Las Vegas, NV Local Info | 50.00% | 3.53 |
| Sun Valley, NV Local Info | 47.00% | 0.52 |
| Sunrise Manor, NV Local Info | 44.00% | 0.02 |
| Spanish Springs, NV Local Info | 42.00% | 0.33 |
| Spring Creek, NV Local Info | 42.00% | 1.25 |
Top 5 Nevada Cities for Singles
| City | Unmarried | Female to Male |
|---|---|---|
| Winchester, NV Local Info | 71.00% | 48% / 52% |
| Whitney, NV Local Info | 65.00% | 47% / 53% |
| Paradise, NV Local Info | 64.00% | 48% / 52% |
| Reno, NV Local Info | 62.00% | 49% / 51% |
| Las Vegas, NV Local Info | 61.00% | 49% / 51% |
Largest Increase in Listing Price Methodology
This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage increase in median listing prices for single family homes over a three month period.
Largest Decrease in Listing Price Methodology
This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage decrease in median listing prices for single family homes over a three month period.
Most Expensive Homes for Sale by City Methodology
This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five highest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.
Least Expensive Homes for Sale by City Methodology
This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five lowest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.
Top 5 Cities for Families Methodology
This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of homes with children and the lowest crime rate. Crime rate is determined by comparing each city's crime rate index against the national crime rate index, which equals 100. A number lower than one indicates less crime than the national average, while a number greater than one indicates more overall crime than the national average.
Top 5 Cities for Singles Methodology
This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of unmarried people. An unmarried person is defined as someone who was never married, is separated, or divorced.