May 2021 Las Vegas Real Estate Market Report

Dated: May 7 2021

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This month’s Median Sold Price experienced another huge increase this month. 

We began the year with a Median Sold Price of $345K. In just four months, the Median Sold Price has increased $30,000!

This is the effect of low inventory.

 

Real Esate Market Highlights

Single-Family Home Stats

April 

2021 vs 2020

Analysis

YoY = Year over Year

Median Sold Price

$375,000

↑ 21.0% YoY

Our Median Sold Price has consistently increased every month this year! At $375,000, we are up 3.3% from last month!

Number of New Listings

3,699

↓ 47.0% YoY

We added 3.7% more homes for sale than last month, but it is STILL not enough!

Number of Single-Family Homes Sold

3,528

↑ 79.0% YoY

Last year's stat is sort of an anomaly, because April 2020 was anything but normal. We are seeing the number of homes sold decline slightly (3.3%) from from last month.

Months on Hand / Months of Inventory

0.5 Months

↓ 83.1% YoY

Finally not decreasing, we are holding steady at 0.5 months, but down 83.1% from this time last year. 

Days on Market for Units Sold

0-30 days = 81.5%

31-60 days = 7.7%

61-121+ = 10.7%

Only 10% of homes do not sell within the first 60 days on market. Buyer demand is strong if you are priced correctly.

*The month depicted in the statistics is April 2021. May 2021 stats will be available at the beginning of June 2021. 

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Shauna Gut

Shauna R Gut is a native to Las Vegas who has seen the valley grow over the years. She helps families who have outgrown their home, physically, financially or otherwise, purchase a home that better f....

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