Reno-Sparks and Las Vegas housing market comparison

The Greater Las Vegas Association of REALTORS® has released its housing market report for November. I thought it would be interesting to compare the Las Vegas, Nevada housing market numbers to those of Reno-Sparks, Nevada.

Let’s take a look…

Las Vegas and Reno-Sparks Housing Markets (November 2018)
Las Vegas, Nev. Reno-Sparks, Nev.
November median sold price $295,000 $377,000
October median sold price $295,025 $385,000
Month-over-month change down 0.01% down 2.0%
November 2017 median sold price $261,150 $353,500
Year-over-year change up 13.0% up 6.6%
November units sold 2,292 458
Month-over-month change down 14.7% down 1.9%
Year-over-year change down 11.6% down 14.2%
Available inventory 7,003 1,273
Month-over-month change up 1.2% down 4.8%
Year-over-year change up 54.3% up 61.3%

On a year-over-year basis, both markets are very similar — unit sales are down; inventory is up substantially; and home sale prices are up.

Your thoughts?

Note: Data in the table above pertains to existing site/stick built, single-family properties only. Data excludes condo/townhouse, manufactured/modular and shared ownership properties.
Reno-Sparks numbers sourced from the Northern Nevada Regional MLS.
Las Vegas numbers compiled from:


  1. Ellen

    It’s interesting. We got a townhouse in Henderson 1.5 yrs ago. Luckily our agent there was very aware of the market and emailed me around midnight about the townhouse as it would go immediately. It had 3 offers the next day. Rents seem to be lower there, property management less expensive, ( homework required). Realtors expect prices to skyrocket after stadium is built. I’m considering an exchange there on a property I’ve been updating. Tough decision.

  2. Guy Johnson

    Hello Ellen. Thank you for your comment. All the best with your real estate purchases/exchanges. Keep us posted.

  3. Catherine

    Wow, I didn’t know Vegas was so much cheaper than here! (not that I would want to live there again with their summer weather)

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