Las Vegas Real Estate Trends & Prices: Fall 2021

Posted by Las Vegas Homes By Leslie on Wednesday, December 8th, 2021 at 12:52pm.

Las Vegas real estate price trends for Fall 2021

Las Vegas Fall 2021 Market Snapshot by Las Vegas Homes by Leslie

This Fall, real estate trends in Las Vegas were characterized by increased closings, higher prices and quick sales. Real estate sales and prices in Las Vegas continue to be on the rise for both single-family homes, condos and townhomes. The Housing Snapshot below, summarizes market trends for Las Vegas homes, condos and townhomes this past November 2021.

November 2021 Housing Snapshot

Las Vegas Single-Family Home Sales - November 2021 vs 2020

Sales for single-family homes in November 2021 were up 7.8% compared to 2020. Median Prices of the units sold were up 21.7%. the number of New Listings were only up 3.1% and Available Units down -25.3% as the market continues to struggle for inventory. There is less than 1 month of available homes for sale. View single-family homes currently for sale in Las Vegas

Las Vegas single-family home sales for November 2021

Las Vegas Condo/Townhouse Sales - November 2021 vs 2020

This November, Median Prices for condo sales increased by 20.2%. But this didn't hinder sales which were up an impressive 18.7% from November 2020. Also struggling with only .6 months of available inventory, there were only 6.4% more New Listings and down -61.6% of Available Units. View Las Vegas condos currently for sale

Las Vegas Condo/Townhouse Sales - November 2021 vs 2020

Annual Market Trends of Closing & Median Prices

I love that the overall health of the market is so strong. These graphs spotlight the Number of Closings and Median Closing Price since 2014. 2021 has been our best year ever!

Single-Family Market Trends Since 2014 - Number of Closings

  • 3,273 Units
  • +6.4% vs Prior Month
  • +7.8% vs Prior Year

Single-Family Market Trends Since 2014 - Number of Closings

Single-Family Market Trends Since 2014 - Median Closing Price

  • $420,000
  • +2.4% vs Prior Month
  • +21.7% vs Prior Year

Single-Family Market Trends Since 2014 - Median Closing Price

Condo/Townhouse Market Trends Since 2014 - Number of Closings

  • 862 Units
  • +7.1% vs Prior Month
  • +18.7% vs Prior Year

Condo/Townhouse Market Trends Since 2014 - Number of Closings

Condo/Townhouse Market Trends Since 2014 - Median Closing Price

  • $240,000
  • +1.7% vs Prior Month
  • +20.2% vs Prior Year
Condo/Townhouse Market Trends Since 2014 - Median Closing Price
 

Quick Sales

These were Las Vegas homes that sold in a short time this November. Two of which sold in less than a week. The bidding process is getting so competitive. I advise any prospective buyers to get your finances organized and pre-approval from your bank before submitting an offer. 

 Lynbrook Home Sold After 1 Day on Market for $16K Over Asking Price!

This single-story home in Lynbrook went under contract on the first day and closed in under a month. The final selling price was about 5% over asking. That's one happy seller and a buyer who can move in and enjoy their new home before the holidays.

Lynbrook is a gated community in 89131 zip code with several wooded parks with water features and walking trails for strolling, jogging or biking. Primarily a single-family home community, Lynbrook real estate provides its residents with natural serenity, while still being close to the city. View other homes for sale in Lynbrook, Las Vegas

Home sold in Lynbrook, Las Vegas


Under Contract in 4 Days!
Charleston Heights, Las Vegas, NV

This was a great single story home located on a cul-de-sac and centrally located to all amenities including freeway, strip, shopping, eateries, etc. Tile flooring, kitchen with granite counters, tiled backsplash, upgraded cabinets, fireplace, enclosed patio, and 4th bedroom with it's own bathroom and entry.

Home sold in Charleston Heights, Las Vegas



Home in Amber Ridge, Silverado Ranch, Henderson, NV

This home in Amber Ridge, Silverado Ranch was well cared for and ready to move in. Both of the two bedrooms had ensuite bathrooms. The location was just minutes to Hwy 15 and close to shops and schools. This is a good example of a home that sold for less than the asking price; a good lesson to expand your price range when searching for a Las Vegas home. By doing so, you may open more opportunities for home choices. View other homes for sale in Silverado Ranch

Home sold in Amber Ridge, Silverado Ranch, Henderson NV


Are You Thinking of Selling Your Home?

You can see from the above examples, home sellers in Las Vegas could not have better timing than what we're seeing now. I'd be happy to take a look at your home and give you a professional opinion on its value. You can start by:

By Leslie Hoke

Las Vegas Homes By Leslie
8010 W Sahara Ave #150, Las Vegas, NV 89117
Direct: (702) 321-1763 Fax: (702) 224-2146
www.LasVegasHomesByLeslie.com
Premier Realty Group

License #S.0062628


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