Current Housing Market Report

Written By Jessica Laughlin

According to the latest market report created by the The Las Vegas Realtors MLS, “2024 began with home prices higher and the housing supply lower than the same time last year.”

Key Highlights

  • Median prices for single-family homes saw a 4.7% increase from the previous year, reaching $445,000. 

  • Condos and townhomes experienced a 7.8% rise in median price from last January, hitting $275,000.

  • 1,955 existing local homes, condos, and townhomes sold in January. Compared to January 2023, sales were up 11.6% for homes and up 19.6% for condos and townhomes.

  • Distressed sales remained low, accounting for only 1.5% of all existing property sales in January.

Jessica Laughlin

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