How much is my home worth?
free realtor report
Check the value of your home
Receive a free competitive market analysis report for your Las vegas home prepared by an expert realtor in the industry. This is the best way to know what you should be looking for in terms of price and location when it comes time to sell or buy property.Book free ASSESSMENT
Your personalized market valuation.
I will analyze the data you provide and provide you with comparable sale information for your neighborhood and a range of approximate values for your home.
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Frequently asked questions
How to Determine House Value in Las Vegas?
You can research the average price per square foot in your neighborhood to get a rough estimate of the value, but many specific factors will adjust that price upward or downward. For example, single-story homes usually have a higher price per square foot than multi-story homes.The condition of the home, when it was last updated, its décor, the landscaping, and other factors that make it more marketable can affect its worth as well.
What Factors to Consider when valuing your home?
- Local amenities
- Local schools
- Close to busy highways (or not)
- Are other houses selling quickly near you? (Local market conditions)
- Home size and age
- What’s the square footage?
- How many bedrooms?
- How many baths and half baths?
- When was it built?
- The Economy
- Is it a buyers market or sellers market?
- Are banks giving mortgages easily or conservatively?
- Home Condition
- Does it need renovation/modernization?
- Is it more old-fashioned than other homes in the area?
- Are there any obvious repairs that need doing?
- Great views
- Swimming pool
- And more…
How do I find the value of my house?
Go through each point and write down, objectively, the features of your home. Don’t worry too much about local values yet or think too hard about the economy. We’ll investigate each of these in the steps below.
Step 2: Research the Local Market
Your next step is to do some research on your area, especially if you’re not the kind of person who keeps an eye on it normally. Use online tools to find out what the average house price is in your area, look at other homes that sold quickly, or have been on the market for a while, and see whether your market is selling well or has cooled off.
Be aware that the market will naturally ebb and flow throughout the year, so if you’re researching in December it’s likely that the market will slow until the new year. Zillow has a tool that will help you figure out house values in Las Vegas, as does Homes.com, and Redfin’s is quite robust.
Step 3: Use Online Valuation Calculators
While an online valuation tool won’t ever be as accurate as a realtor in your area, it will give you a good idea of what your home could be worth. These calculators will ask you for various information about your home and give you an estimate based on what similar homes to yours have sold for in the area. PennyMac will give you an instant free report based on local Las Vegas real estate market home values, or contact us for a free personalized report from someone who knows your local house values (Las Vegas).
Step 4: Get a CMA
A CMA is a comparative market analysis, which is essentially a report a local realtor can give you about your home. While this is not as accurate as a professional appraisal (more on that in a moment), it will be a good overview of the local market and the price they believe you should, or could, put your home on the market for to get the best price and the most interest.
(We provide this service for Las Vegas – Just Click Here.)
Most realtors have access to the local Las Vegas MLS (multiple listing service), which is a database of properties for sale, or with a sale agreed, in the local area, which means their CMA is fairly accurate. Use our free home evaluation tool above. Just put in your address for a free detailed CMA.
Step 5: Consider Hiring a Professional Appraiser
Las Vegas, NV home values vary by location within the valley. When you apply for a mortgage on a home a professional appraiser must look at the home and tell the bank how much they believe it’s worth to them, and whether or not they will realistically be able to get their money back from the property, should you default on your payments?
You are not required, as the seller, to get an appraisal, but if you want to know exactly what your home is worth, this is the way to know for sure. They are impartial, since they have nothing to gain from the sale of the home, and will look at some of the same elements a home inspection looks at.
Of course, hiring an appraiser isn’t free (average of $250-450), unlike a CMA, since any realtor you ask will hope to be the person you list your home with.What is the average cost of a house in Las Vegas? Las Vegas, NV housing market homes average around $283,000. The average price per square foot is $157 depending on your location in Clark County Nevada.
Step 6: Find A Las Vegas REALTOR®
When you move forward with your house sale knowing fully about Las Vegas house values, and where your own home will fit into that market, you can do so confidently knowing what offers to entertain and what offers you don’t need to accept. When your ready to move forward with your Las Vegas house sale, contact us for your free report.
We provide this service for Las Vegas & Henderson. Get a real estimate for you home prepared by a Las Vegas realtor click here.