October 2024 Las Vegas Real Estate Market UPDATE

What's the latest on the October 2024 Las Vegas Real Estate Market Update?

Las Vegas real estate is showing steady activity as we head into the last few months of the year. The single-family home market has a median price nearing $480,000, with slightly fewer sales than last month but a gradual increase in available inventory.

Now may be a prime time to buy as prices remain steady and attractive deals are possible. Buyers may want to consider acting now rather than waiting for election outcomes, as the market could shift by then.

Townhomes saw a slight price increase, now at $299,500, even with sales numbers down. Inventory is up 24%, suggesting a possible shift towards a balanced market soon.

Las Vegas is also expanding its family-friendly offerings. A new children’s hospital, Iand The Bend developments in Southwest Las Vegas promise exciting prospects for both families and investors.

Overall, these market updates and new developments highlight why Las Vegas is a compelling area for current and future residents alike.

Thinking about buying, selling, or investing in real estate?
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Steve and Kristen Thomas
The Thomas Group - Real Broker, LLC
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0:00 Introduction
1:05 Single Family Homes Price
1:29 Units Sold
2:30 Will the election effect the housing market?
3:25 Inventory
5:50 Condo and Townhome Statistics
9:16 New developments in the southwest Las Vegas

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