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Las Vegas real estate market overview

  • Average Monthly Rent: $1,037
  • Home Price/Value Percentage Change: 6%
  • Median Home Value: $274,100
  • Best Time To Sell a Home: November
  • Affordability Index: 120
  • Days To Sell a House: 56
  • Job Market: Fair
  • Public School Ranking: 43

Location and weather

Las Vegas famously known for its casinos and shows is in southeastern Nevada. It's desert country with dry flat land and is not far from the famous Hoover Dam and Grand Canyon.

Because it is in the desert, the average daily high temperature is over 95 degrees with evening lows in the 80's during June through September. November to February is the cool season with high temperatures in the mid 60's and lows in the high 30's.

Sell my house fast in Las Vegas, Nevada

Population, job market and cost of living

With a 2018 population of 644,644 and annual growth rate of 1.42%, Las Vegas has a steady growth as the city continues to reinvent itself and expand its tourism industry.

The job market has increased by 3.5% over last year. The ten-year predicted job growth is 39%. Contributing to the growth in Las Vegas is the Accommodations & Food Services, Retail Trade and Health Care & Social Assistance. The largest employers are MGM Resorts International, Las Vegas Sands Resort, Caesars Entertainment Casinos & Resort, Boyd Gaming and Wynn Resorts.

The cost of living is high due to the cost of Las Vegas real estate. With many jobs and a thriving tourism industry combined with a warm climate and year-round outdoor activities, Las Vegas will continue to attract those who want the excitement and job security of a casino city.

Las Vegas real estate market details

Hottest neighborhoods

  • Centennial Hills
  • Angel Park Lindell
  • Lone Mountain
  • Downtown
  • The Lakes
  • Pioneer Lake
  • Sun City Summerlin
  • Kyle Canyon
  • Tule Springs
  • Summerlin North

What people are saying about

"The best choice I've made over traditional listing … "

Robert F.
1947 Eskam Street, Las Vegas, NV 89156

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