First Arizona Title's Market Report

Glendale, AZ

Single-Family Homes

First Arizona Title Agency | (480) 385-6500 | www.FirstAZTitle.com



Glendale, AZ

Sun Aug 01 2021
This week the median list price for Glendale, AZ is $429,999 with the market action index hovering around 86. This is less than last month's market action index of 90. Inventory has increased to 222. 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

Sun Aug 01 2021
This week the median list price for Glendale, AZ is $429,999 with the market action index hovering around 86. This is less than last month's market action index of 90. Inventory has increased to 222. 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 $429,999
Median Price of New Listings $440,000
Per Square Foot $234
Average Days on Market 24
Median Days on Market 14
Price Decreased 27%
Price Increased 3%
Relisted 3%
Inventory 222
Median Rent $2,075
Market Action 86
Strong Seller's Market

The market seems to have paused around its high point. 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
$699,000 2,952 0.25 - 0.5 acre 4 3 27 18 16 21
$485,000 2,073 6,500 - 8,000 sqft 4 2 26 18 9 14
$399,000 1,820 6,500 - 8,000 sqft 3 2 40 15 19 17
$344,950 1,400 6,500 - 8,000 sqft 3 2 45 20 21 7