Updated July 2026Zillow Research
Las Vegas vs Phoenix: real estate market, July 2026
A side-by-side housing-market snapshot for Las Vegas, NV and Phoenix, AZ for July 2026: Phoenix at a $415K median versus $422K in Las Vegas, plus days to pending and the buyer-vs-seller balance, built on Zillow Research figures.
| Metric | Las Vegas, NV | Phoenix, AZ |
|---|---|---|
| Median sale price | $422K ▼ -1.0% | $415K ▲ +0.7% |
| Days to pending | 63 ▲ +8.6% | 56 • 0.0% |
| Homes for sale | 8,964 ▼ -0.6% | 5,402 ▼ -1.7% |
| Sale-to-list | 98.1% • 0.0% | 98.0% ▲ +0.1% |
| Months of supply (est.) | 4.3 ▲ +2.0% | 4.0 ▼ -1.4% |
| Homes sold (est.) | 2,120 ▼ -0.9% | 3,240 ▲ +0.6% |
(est.) = LOKAL estimate, not published by the source at city level.
Metro figures from Zillow Research, ZIP figures from Zillow Research where published, otherwise from the last public Redfin release (each post names its source). Verify against your MLS before posting.
The verdict
As of July 2026, Phoenix is the more affordable of the two at a $414,513 median sale price, about 2% below Las Vegas ($421,552). Phoenix is the faster-moving market, with homes going under contract in about 56 days versus 63 in Las Vegas.
Which market fits your client?
For a buyer client, Las Vegas offers a little more breathing room, with an estimated 4.3 months of supply against 4.0 in Phoenix, which usually means less bidding pressure. For a seller client, Phoenix is the tighter market, with a 98.0% sale-to-list ratio. On price momentum, Phoenix is appreciating faster (+0.7% vs -1.0% year over year).
How we compare these markets
We built LOKAL to pull Las Vegas's and Phoenix's numbers straight from Zillow Research, so an agent and a client compare like for like. For July 2026 we recorded a $415K median in Phoenix and a $422K median in Las Vegas, against roughly $412K a year earlier in 2025. Zillow Research has published these city-level series monthly since 2018, which is what lets us show year-over-year change here in 2026. For complementary demographics on each metro (population and median household income), see the U.S. Census Bureau. LOKAL is independent and not affiliated with Zillow; always verify against your MLS before you publish.
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LOKAL builds the finished carousel, story and square, with these Zillow Research 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 July 2026, Phoenix is the more affordable market at a $414,513 median sale price, about 2% below Las Vegas ($421,552), per Zillow Research.
- Which market moves faster, Las Vegas or Phoenix?
- Phoenix moves faster: a typical listing goes under contract in about 56 days, versus 63 days in Las Vegas (July 2026).
- Is Las Vegas or Phoenix better for buyers right now?
- Las Vegas gives buyers a little more room, with an estimated 4.3 months of supply versus 4.0 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 Zillow Research, refreshed monthly. LOKAL turns the figures into a ready-to-post carousel, story and square for either city. LOKAL is not affiliated with Zillow; always verify against your local MLS before quoting figures to clients.
Data from Zillow Research. Figures are metro-level snapshots, not valuations for a specific home.