Deasy Penner Podley's Market Report

Glendale, CA

Single-Family Homes

www.dppre.com | 626.795.6262 | info@dppre.com



Glendale, CA

Thu Sep 21 2023
This week the median list price for Glendale, CA is $1,399,950 with the market action index hovering around 54. This is less than last month's market action index of 55. Inventory has increased to 46. 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, CA

Thu Sep 21 2023
This week the median list price for Glendale, CA is $1,399,950 with the market action index hovering around 54. This is less than last month's market action index of 55. Inventory has increased to 46. 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 $1,399,950
Median Price of New Listings $1,325,000
Per Square Foot $850
Average Days on Market 56
Median Days on Market 32
Price Decreased 24%
Price Increased 2%
Relisted 15%
Inventory 46
Median Rent
Market Action 54
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,799,995 3,384 0.25 - 0.5 acre 4 4 56 3 1 35
$1,695,000 2,439 8,000 - 10,000 sqft 3 3 87 4 2 49
$1,337,499 1,562 4,500 - 6,500 sqft 3 2 79 6 4 7
$1,130,500 1,184 4,500 - 6,500 sqft 2 2 98 6 2 28