Updated May 2026 · Redfin
Las Vegas vs Phoenix: real estate market, May 2026
A side-by-side housing-market snapshot for Las Vegas, NV and Phoenix, AZ for May 2026: Phoenix at a $468K median versus $470K in Las Vegas, plus days on market and the buyer-vs-seller balance, straight from the Redfin Data Center.
| Metric | Las Vegas, NV | Phoenix, AZ |
|---|---|---|
| Median sale price | $470K ▲ +5.6% | $468K ▲ +3.9% |
| Days on market | 50 ▲ +13.6% | 52 ▼ -1.9% |
| Homes for sale | 2,984 ▼ -6.0% | 5,550 ▼ -9.1% |
| Sale-to-list | 98.3% • 0.0% | 97.9% • 0.0% |
| Months of supply | 3.8 ▼ -5.0% | 3.6 ▼ -10.0% |
| Homes sold | 786 ▼ -0.4% | 1,535 ▼ -0.6% |
Figures from Redfin Data Center. Verify against your MLS before posting.
The verdict
As of May 2026, Phoenix is the more affordable of the two at a $467,500 median sale price, about 1% below Las Vegas ($470,000). Las Vegas is the faster-moving market, with homes going under contract in about 50 days versus 52 in Phoenix.
Which market fits your client?
For a buyer client, Las Vegas offers a little more breathing room, with 3.8 months of supply against 3.6 in Phoenix, which usually means less bidding pressure. For a seller client, Phoenix is the tighter market, with a 97.9% sale-to-list ratio. On price momentum, Las Vegas is appreciating faster (+5.6% vs +3.9% year over year).
How we compare these markets
We built LOKAL to pull Las Vegas's and Phoenix's numbers straight from the Redfin Data Center, so an agent and a client compare like for like. For May 2026 we recorded a $468K median in Phoenix and a $470K median in Las Vegas, against roughly $450K a year earlier in 2025. Redfin has published this market data monthly since 2020, which is what lets us show year-over-year change here in 2026. For complementary demographics on each metro — population, median household income — see the U.S. Census Bureau. LOKAL is independent and not affiliated with Redfin; always verify against your MLS before you publish.
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LOKAL builds the finished carousel, story and square, with these Redfin figures already in place, for Las Vegas or Phoenix.
Full Las Vegas and Phoenix market updates
Frequently asked
- Is Las Vegas or Phoenix more affordable?
- As of May 2026, Phoenix is the more affordable market at a $467,500 median sale price, about 1% below Las Vegas ($470,000), per the Redfin Data Center.
- Which market moves faster, Las Vegas or Phoenix?
- Las Vegas moves faster: a typical listing goes under contract in about 50 days, versus 52 days in Phoenix (May 2026).
- Is Las Vegas or Phoenix better for buyers right now?
- Las Vegas gives buyers a little more room, with 3.8 months of supply versus 3.6 in Phoenix. More months of supply usually means less competition and more negotiating leverage for buyers.
- Where do these Las Vegas and Phoenix numbers come from?
- Both metros draw on the Redfin Data Center, refreshed monthly. LOKAL turns the figures into a ready-to-post carousel, story and square for either city. LOKAL is not affiliated with Redfin; always verify against your local MLS before quoting figures to clients.
Data: Redfin · Redfin Data Center. Figures are metro-level snapshots, not valuations for a specific home.