Las Vegas home values ended 2016 rising faster than the national average.
The median estimated home value in the Las Vegas area in December was $215,400, up 9.8 percent from a year earlier, according to a report Thursday by home-listing service Zillow.
Nationally, the median home value last month was $193,800, up 6.8 percent year-over-year.
Among the 35 metro areas listed in Zillow’s report, San Jose, California had the highest median value last month, at $963,700, and Cleveland had the lowest, at $130,700.
Portland, Oregon, posted the fastest rise in home values, at 13.8 percent, while Indianapolis climbed the slowest, at 2.1 percent, Zillow reported.
Still, property values rose year-over-year in every metro listed, and Las Vegas’ rate was seventh-fastest.
Overall in Southern Nevada, buyers last year picked up 41,720 previously owned houses, condos and town homes, up 8 percent from 2015, according to the Greater Las Vegas Association of Realtors.
Among previously owned single-family homes — the bulk of the market — the median sales price in December was $235,000, up 8.3 percent from a year earlier, the GLVAR reported.
The median estimated home value in the Las Vegas area in December was $215,400, up 9.8 percent from a year earlier, according to a report Thursday by home-listing service Zillow.
Nationally, the median home value last month was $193,800, up 6.8 percent year-over-year.
Among the 35 metro areas listed in Zillow’s report, San Jose, California had the highest median value last month, at $963,700, and Cleveland had the lowest, at $130,700.
Portland, Oregon, posted the fastest rise in home values, at 13.8 percent, while Indianapolis climbed the slowest, at 2.1 percent, Zillow reported.
Still, property values rose year-over-year in every metro listed, and Las Vegas’ rate was seventh-fastest.
Overall in Southern Nevada, buyers last year picked up 41,720 previously owned houses, condos and town homes, up 8 percent from 2015, according to the Greater Las Vegas Association of Realtors.
Among previously owned single-family homes — the bulk of the market — the median sales price in December was $235,000, up 8.3 percent from a year earlier, the GLVAR reported.
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