Lawyers Title Market Report
Glendale, AZ 85303
Single-Family Homes
Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600
Glendale, AZ 85303
Sat Jun 12 2021
This week the median list price for Glendale, AZ 85303 is $359,997 with the market action index hovering around 90. This is less than last month's market action index of 92. Inventory has increased to 17.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has started cooling and prices have recently plateaued. Since 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
| Median List Price | $359,997 | |
| Median Price of New Listings | $359,998 | |
| Per Square Foot | $206 | |
| Average Days on Market | 21 | |
| Median Days on Market | 0 | |
| Price Decreased | 12% | |
| Price Increased | 12% | |
| Relisted | 6% | |
| Inventory | 17 | |
| Median Rent | $1,800 | |
| Market Action | 90 | |
| Strong Seller's Market | ||
In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift 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 |
|---|---|---|---|---|---|---|---|---|
| $524,500 | 2,648 | 0.25 - 0.5 acre | 4 | 2 | 22 | 3 | 1 | 0 |
| $378,495 | 1,956 | 6,500 - 8,000 sqft | 4 | 2 | 15 | 2 | 1 | 14 |
| $350,000 | 1,718 | 4,500 - 6,500 sqft | 4 | 2 | 38 | 3 | 2 | 0 |
| $310,000 | 1,320 | 6,500 - 8,000 sqft | 3 | 2 | 25 | 2 | 1 | 7 |