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Las Vegas sellers see big gains in home sales

Posted at 10:25 AM, Jun 26, 2018
and last updated 2018-06-26 13:27:56-04

A report found that Las Vegas home sellers are making big gains from their original purchase price. 

RELATED: Home prices, rent continue to go up across the Las Vegas valley

According to Zillow, Las Vegas home sellers made a median of $36,875 more than their purchase price in 2017 while in Henderson, the median was $42,500. Sellers earned the most in the Green Valley Ranch neighborhood, making $60,000 more than what they paid for the home. 

RELATED: Which Las Vegas valley zip codes showed highest gains in home prices?

Las Vegas is just below the national average of $39,000 or about 21 percent compared to what they originally paid. Most sellers owned their home for about 9 years before selling it in 2017.