Pango Group

Glendale, AZ

Single-Family Homes

www.pangogroup.com



Glendale, AZ

Sun Mar 03 2024
This week the median list price for Glendale, AZ is $498,500 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has increased to 327. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Glendale, AZ

Sun Mar 03 2024
This week the median list price for Glendale, AZ is $498,500 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has increased to 327. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Glendale market.
Median List Price $498,500
Median Price of New Listings $475,000
Per Square Foot $256
Average Days on Market 66
Median Days on Market 35
Price Decreased 44%
Price Increased 5%
Relisted 5%
Inventory 327
Median Rent
Market Action 49
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$829,000 3,126 0.25 - 0.5 acre 4 3 27 9 12 63
$544,102 2,240 6,500 - 8,000 sqft 4 3 29 11 11 49
$463,499 1,895 6,500 - 8,000 sqft 3 2 36 14 14 28
$390,000 1,473 6,500 - 8,000 sqft 3 2 50 17 17 28