Las Vegas Home Prices & Values

$175,400 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 17.2% 1-year change
  • 7.5% 1-year forecast

The median home value in Las Vegas is $175,400. Las Vegas home values have gone up 17.2% over the past year and Zillow predicts they will rise 7.5% within the next year. The median list price per square foot in Las Vegas is $107, which is lower than the Las Vegas Metro average of $108. The median price of homes currently listed in Las Vegas is $180,000 while the median price of homes that sold is $178,750. The median rent price in Las Vegas is $1,175, which is lower than the Las Vegas Metro median of $1,195.

Foreclosures will be a factor impacting home values in the next several years. In Las Vegas 12.8 homes are foreclosed (per 10,000). This is greater than the Las Vegas Metro value of 12.1 and also greater than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Las Vegas is 13.0%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Las Vegas homeowners underwater on their mortgage is 27.7%, which is higher than Las Vegas Metro at 27.4%.

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Relative ZHVI
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Las Vegas Market Overview

Data through Jul 31, 2014
  • $175,400 ZHVI
  • 7.5% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $180,000 Median listing price
  • $178,750 Median sale price
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Las Vegas Market Health

Data through Jul 31, 2014
  • 1.9/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 27.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 13.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

12.8 homes Las Vegas
12.1 homes Las Vegas Metro
4.4 homes United States
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Neighborhoods in Las Vegas

Name Median ZHVI Name Median ZHVI Name Median ZHVI
The Lakes $246,200 Desert Shores $228,100 Buffalo $226,600
Spring Valley $177,800 Angel Park Lindell $145,600 Rancho Charleston $134,800
Pioneer Park $131,900 Michael Way $131,500 Charleston Heights $121,600

Listings & Sales

Data through Jul 31, 2014
  • $107 Median list price / sq ft
  • $108 Median sale price / sq ft
  • 28.2% Listings with price cut
24.7%
Sold below listing
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Las Vegas Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,164 Las Vegas
$1,178 Las Vegas Metro
$1,318 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,175 Rent list price
  • $0.74 Rent list price / sq ft
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