Las Vegas, NV

Las Vegas sits at a median home value of $426,069 as of the latest Zillow read, down 2.8% year-over-year — a meaningful softening that’s putting deal flow back on the table for cash buyers.

The sale-to-list ratio of 0.986 signals a balanced market — neither bid wars nor fire sales dominate. 62.0% of closings land below list, leaving room to negotiate on the right deal but no broad discount across the board.

Rents are workable but not generous. ZORI of $1,701/mo against a $426k median gives a 4.79% gross yield — average for the metro tier, requiring tight underwriting on any hold.

Median days-on-market is running around 32 days against 8,425.667 active listings. Pace is moderate — neither chaos nor stagnation. Standard wholesaling cadences work here.

MDR’s composite investor score for Las Vegas is 61/100 based on rent yield, sale-to-list discount, motivated-seller proxies, and DOM. Solid mid-tier. A disciplined operator can build a real book here; a tourist will get hurt.