Single-Family Homes
Fri Jun 02 2023
This week the median list price for Glendale, AZ 85303 is $464,900 with the market action index hovering around 63. This is about the same as last month's market action index of 63. Inventory has increased to 16.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Median List Price | $464,900 | |
Median Price of New Listings | $384,450 | |
Per Square Foot | $241 | |
Average Days on Market | 81 | |
Median Days on Market | 56 | |
Price Decreased | 50% | |
Price Increased | 6% | |
Relisted | 25% | |
Inventory | 16 | |
Median Rent | ||
Market Action | 63 | |
Strong Seller's Market |
While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,144,500 | 3,455 | 0.25 - 0.5 acre | 4 | 3.3 | 7 | 0 | 0 | 56 |
$575,000 | 2,265 | 2.5 - 5 acres | 3 | 2 | 13 | 0 | 0 | 52 |
$434,500 | 2,129 | 6,500 - 8,000 sqft | 3 | 2.5 | 21 | 2 | 1 | 98 |
$369,000 | 1,489 | 4,500 - 6,500 sqft | 3 | 2 | 45 | 4 | 1 | 45 |