Median Price Of Las Vegas Homes Keeps Rising

Median Price Of Las Vegas Homes Keeps Rising

Median Price Of Las Vegas Homes Rises 8.1 Percent In 2016

The biggest jumps in median resale prices last year tended to be in older, more centrally located areas of the valley, according to a new report from Applied Analysis’ residential research arm, SalesTraq.

West of downtown around Washington Avenue and Martin Luther King Boulevard, the 89106 ZIP code posted the fastest price growth, climbing 22.8 percent from 2015. That was followed by ZIP code 89146, around Sahara Avenue and Jones Boulevard, at 17.5 percent, and 89030, around Cheyenne Avenue and Interstate 15, at 16.3 percent.

Despite older areas’ growth rates, the highest prices are in the outer suburbs, mostly in and around such master-planned communities as Summerlin, which runs along the valley’s western rim, and Anthem, in southern Henderson. Moreover, areas with the fastest-climbing prices also have above-average rates of empty — and possibly abandoned or bank-owned — homes.

Some 6.2 percent of homes in 89106 were vacant as of the third quarter, second-highest among ZIP codes in the Las Vegas Valley and nearly triple Southern Nevada’srate of 2.1 percent.

The median sales price of previously owned single-family homes — the bulk of the market — has more than doubled since hitting bottom in early 2012,reaching $238,000 last month. But it remains well below the peak of $315,000 in mid-2006, during the housing bubble, according to Greater Las Vegas Association of Realtors data.

The highest median sales price last year, $365,000, was in the 89138 ZIP code, west of the 215 Beltway around Alta Drive in Summerlin.

Image title

{mls: 1863149}

Richard Emanuele Headshot
Phone: 702-506-4090
Dated: February 27th 2017
Views: 735
About Richard: Richard Emanuele is a top Producing Real Estate agent who holds distinguished designations such as: ...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

VALENTINES DAY VEGAS STYLE - Romantic Things to Do in Las
Benefits To Selling Your Home In Los Angeles And Moving To Las Vegas - Pros and cons of moving to Nevada
IT IS OFFICIAL - Las Vegas Raiders - Silver and

Our Bloggers

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Team Emanuele Real Estate
3046 South Durango Drive
Las Vegas, NV

Other Locations