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Glendale, AZ 85306

Single-Family Homes

Here is your weekly Market Update!


Glendale, AZ 85306

Wed Oct 09 2024
This week the median list price for Glendale, AZ 85306 is $480,000 with the market action index hovering around 45. This is an increase over last month's market action index of 43. Inventory has increased to 29. 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

Market Narrative

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Glendale, AZ 85306

Wed Oct 09 2024
This week the median list price for Glendale, AZ 85306 is $480,000 with the market action index hovering around 45. This is an increase over last month's market action index of 43. Inventory has increased to 29. 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

Market Narrative

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Glendale market.
Median List Price $480,000
Median Price of New Listings $441,450
Per Square Foot $273
Average Days on Market 78
Median Days on Market 56
Price Decreased 48%
Price Increased 7%
Relisted 10%
Inventory 29
Median Rent
Market Action 45
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$861,782 3,106 0.5 - 1 acre 5 4 46 1 1 42
$549,000 1,980 8,000 - 10,000 sqft 4 2 37 0 3 70
$459,900 1,768 8,000 - 10,000 sqft 4 2 41 2 0 84
$400,000 1,451 6,500 - 8,000 sqft 3 2 47 3 1 45