Compare: Las Vegas vs Phoenix
Home Values in Las Vegas and Phoenix
|Zillow Home Value IndexWhat's this?||$160,300||vs||$159,600|
|Median List Price||$175,000||vs||$198,900|
|Median Sale Price||$165,000||vs||$172,000|
|Total Homes Sold in Oct||3201 homes||vs||2435 homes|
Las Vegas, NV tends to be more expensive for home buyers than Phoenix, AZ. During the last year, Las Vegas home values have risen by 36.0%, while Phoenix home values have risen by 29.4%. The median sale price in Las Vegas is $165,000, but the median listing price was $175,000, a 5.7% discount. Meanwhile in Phoenix, the median selling price is $172,000, and the starting price had a median of $198,900, a 13.5% discount. In October, Las Vegas home sellers managed to move 3201 houses, while Phoenix saw 2435 transactions.
Demographics in Las Vegas and Phoenix
|Median Household Income||$44,069||vs||$41,207|
|Homes with Kids||29.9%||vs||33.4%|
|Average Household Size||2.7||vs||2.8|
|Average Commute Time (Minutes)||27||vs||28|
At $41,207, the median income in Phoenix is $2,862 less than in Las Vegas, and $3,305 lower than the national average. Las Vegas has an older median age, at 35, compared to 32 in Phoenix, and a shorter average commute. The average commute in Phoenix is 28 minutes and the average commute in Las Vegas is 27 minutes.
Homes for Sale in Las Vegas and Phoenix
Las Vegas vs Phoenix