Las Vegas, Nevada started 2024 with a total of 2,271 single-family homes on the market, with a median home price of $539,999 and an average price per square foot of $297.49. By the end of the year, inventory had increased to 3,192 homes on the market (+41%), with a median home price of $549,900 (+2%), and an average price per square foot of $314 (+5%).
At the start of 2024, the median days on market (DOM) was 70 days – by the end of the year, median DOM had increased to 77 days.
Las Vegas, Nevada started the year with 35.36% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 42.42% of homes for sale had taken a price cut.
