Local Market Report

Glendale, CA

Single-Family Homes



Glendale, CA

Wed Oct 09 2024
This week the median list price for Glendale, CA is $1,720,000 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has increased to 71. 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 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

Wed Oct 09 2024
This week the median list price for Glendale, CA is $1,720,000 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has increased to 71. 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 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 $1,720,000
Median Price of New Listings $1,575,000
Per Square Foot $804
Average Days on Market 53
Median Days on Market 35
Price Decreased 31%
Price Increased 4%
Relisted 14%
Inventory 71
Median Rent
Market Action 51
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
$3,200,000 4,060 0.25 - 0.5 acre 5 4 75 2 1 63
$1,982,000 2,675 8,000 - 10,000 sqft 3 3 85 2 3 28
$1,512,500 1,946 6,500 - 8,000 sqft 3 2 85 4 2 21
$1,074,500 1,401 4,500 - 6,500 sqft 3 2 89 3 4 38