Las Vegas Neighborhoods with the Most Expensive Home Sales

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(Stacker) – After home prices soared a record 16.9% nationally in 2021, the market encountered another startling statistic in April 2022: 11 U.S. subways now have a sale price. median of homes over $500,000. The average sale price measure of half a million dollars comes from an OJO Labs survey of home sales in March. Nationally, the median selling price of a home reached $392,750 in mid-April 2022.

In historically wealthy cities and those with more modest house prices, the trajectory is the same: prices continue to rise even as mortgage rates rise. The causes of the price spike are reflected across the country. A long-term housing shortage that began after the Great Recession was exacerbated by supply chain disruptions that made it more difficult to source building materials, affecting virtually all housing markets. Another factor driving prices higher is the surge of investors entering the market. In many areas, including Charlotte, North Carolina, investment companies are buying huge swaths of single-family homes.

In smaller cities and towns, the traditionally weaker population has faced a surge of households moving away from big cities during the coronavirus pandemic, increasing competition for housing. Historically low mortgage rates were another reason for the explosion in the number of buyers, although rising rates do not seem to do much to slow the bidding wars in many metropolises.

Real estate platform ZeroDown analyzed its home listing data to determine the most expensive neighborhood in Las Vegas, based on homes sold between March 18, 2022 and April 18, 2022. Neighborhoods are ranked by median price houses per square foot.

Read on to see the most expensive neighborhoods in your city.

#10: Queensridge

– Median home price: $482,629 ($292 per square foot)

– Median rent: $1,678

– Population: 4,047

– Walk score: 6

– Bike score: 20

– Transit score: 33

#9: The Trails – Median home price: $535,526 ($298 per square foot)

– Median rent: $1,866

– Population: 5,845

– Walk Score: 39

– Bike score: 45

– Transit score: 26

#8: The Vistas – Median home price: $684,883 ($300 per square foot)

– Median rent: $1,889

– Population: 10,264

– Walk score: 14

– Bike score: 37

– Transit score: not available

#7: Sun City Summerlin – Median home price: $450,000 ($311 per square foot)

– Median rent: $1,563

– Population: 12,008

– Walk Score: not available

– Bike score: 20

– Transit score: not available

#6: The Hills South – Median home price: $639,860 ($322 per square foot)

– Median rent: $1,726

– Population: 3,885

– Walk score: 10

– Bike score: 21

– Transit score: 35

#5: The Paseos – Median home price: $795,721 ($329 per square foot)

– Median rent: $1,793

– Population: 177

– Walk score: 3

– Bike score: 29

– Transit score: not available

#4: Stonebridge – Median home price: $800,510 ($360 per square foot)

– Median rent: $1,800

– Population: 59

– Walk score: 4

– Bike score: 16

– Transit score: not available

#3: The Canyons / TPC Las Vegas – Median Home Price: $1,050,739 ($366 per square foot)

– Median rent: $1,423

– Population: 2,900

– Walk score: 2

– Bike score: 20

– Transit score: 25

#2: Redpoint – Median home price: $1,015,614 ($394 per square foot)

– Median rent: $1,800

– Population: 56

– Walk Score: not available

– Bike score: 19

– Transit score: not available

#1: Reverence – Median home price: $1,199,007 ($519 per square foot)

– Median rent: $1,754

– Population: 46

– Walk Score: not available

– Bike score: 36

This story originally appeared on ZeroDown and was produced and distributed in partnership with Stacker Studio.

Copyright 2022 Stacker via Gray Media Group, Inc. All rights reserved.

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