First Integrity Title Market Report

Glendale, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372



Glendale, AZ

Mon Dec 11 2023
This week the median list price for Glendale, AZ is $303,850 with the market action index hovering around 50. This is less than last month's market action index of 56. Inventory has decreased to 40. Click here to stay informed with the Glendale market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Glendale, AZ

Mon Dec 11 2023
This week the median list price for Glendale, AZ is $303,850 with the market action index hovering around 50. This is less than last month's market action index of 56. Inventory has decreased to 40. Click here to stay informed with the Glendale market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Glendale market.
Median List Price $303,850
Median Price of New Listings $250,000
Per Square Foot $242
Average Days on Market 47
Median Days on Market 42
Price Decreased 43%
Price Increased 0%
Relisted 5%
Inventory 40
Median Rent
Market Action 50
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$378,700 1,518 0 - 4,500 sqft 2 3 16 0 0 56
$325,000 1,338 0 - 4,500 sqft 2 2.5 40 1 2 21
$282,500 1,408 0 - 4,500 sqft 3 2 49 3 2 21
$225,750 918 0 - 4,500 sqft 2 1.5 41 5 6 59