Las Vegas Housing Market
There are 50 neighborhoods in Las Vegas: Queensridge has a median listing price of $889,000, making it the most expensive neighborhood and West Las Vegas is the most affordable neighborhood, with a median listing price of $217,000.
The median list price of homes in Las Vegas was $320,000 in December 2020, trending up 10.3 percent year-over-year. The median listing price per square foot was $183.
North Las Vegas Housing Market
North Las Vegas is one of Clark County’s best kept secrets. Some of the best neighborhoods in or around North Las Vegas are El Dorado, Aliante, and College Park. Consider buying or renting a home in one of these popular neighborhoods.
The median list price of homes in North Las Vegas, NV was $300,000 in December 2020, trending up 7.3 percent year-over-year. The median listing price per square foot was $165.
Selling in the Las Vegas Market
Today, the market is riding a hot streak of record prices and rising sales despite the bleak economy, thanks in large part to cheap money. And while it's anyone's guess how long it will take for tourism to fully recover in Las Vegas, industry experts believe the housing market will remain strong in 2021.
I seriously believe that now is an excellent time to buy or sell in Las Vegas and North Las Vegas. If you have a property you're interested in selling ask me about our free market analysis and download our 'Seller's Guide' for valuable information on selling your home in today's market.