First American Title Market Report

Glendale, AZ

Single-Family Homes



Glendale, AZ

Fri Dec 13 2024
This week the median list price for Glendale, AZ is $485,000 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has held steady at or around 517. 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.

Slight Seller's Advantage

Market Narrative

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

Fri Dec 13 2024
This week the median list price for Glendale, AZ is $485,000 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has held steady at or around 517. 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.

Slight Seller's Advantage

Market Narrative

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 $485,000
Median Price of New Listings $489,990
Per Square Foot $257
Average Days on Market 82
Median Days on Market 56
Price Decreased 56%
Price Increased 7%
Relisted 3%
Inventory 517
Median Rent
Market Action 38
Slight Seller's Advantage

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
$755,990 3,023 8,000 - 10,000 sqft 4 3 26 9 10 77
$535,000 2,082 6,500 - 8,000 sqft 4 2 27 9 11 56
$449,900 1,800 6,500 - 8,000 sqft 3 2 40 10 11 42
$384,750 1,430 6,500 - 8,000 sqft 3 2 46 7 13 56