Navi Title Agency

Glendale, AZ 85303

Single-Family Homes

Here is your weekly Market Update!


Glendale, AZ 85303

Mon Dec 04 2023
This week the median list price for Glendale, AZ 85303 is $457,437 with the market action index hovering around 48. This is less than last month's market action index of 52. Inventory has increased to 39. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 85303

Mon Dec 04 2023
This week the median list price for Glendale, AZ 85303 is $457,437 with the market action index hovering around 48. This is less than last month's market action index of 52. Inventory has increased to 39. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $457,437
Median Price of New Listings $494,990
Per Square Foot $239
Average Days on Market 73
Median Days on Market 35
Price Decreased 36%
Price Increased 3%
Relisted 8%
Inventory 39
Median Rent
Market Action 48
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,190,000 3,010 0.25 - 0.5 acre 4 3 15 2 1 56
$496,962 2,416 6,500 - 8,000 sqft 4 3 9 1 0 35
$424,340 1,927 6,500 - 8,000 sqft 3 2 21 2 0 38
$392,450 1,493 6,500 - 8,000 sqft 3 2 45 0 3 31