First Arizona Title's Market Report

Glendale, AZ

Single-Family Homes

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



Glendale, AZ

Thu Sep 21 2023
This week the median list price for Glendale, AZ is $514,900 with the market action index hovering around 61. This is less than last month's market action index of 62. Inventory has increased to 258. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Glendale, AZ

Thu Sep 21 2023
This week the median list price for Glendale, AZ is $514,900 with the market action index hovering around 61. This is less than last month's market action index of 62. Inventory has increased to 258. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Glendale market.
Median List Price $514,900
Median Price of New Listings $465,450
Per Square Foot $260
Average Days on Market 49
Median Days on Market 28
Price Decreased 48%
Price Increased 5%
Relisted 5%
Inventory 258
Median Rent
Market Action 61
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change 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
$759,500 2,910 0.25 - 0.5 acre 4 3 25 8 4 35
$578,772 2,285 6,500 - 8,000 sqft 4 3 23 9 12 42
$465,000 1,798 6,500 - 8,000 sqft 3 2 37 18 14 21
$388,950 1,457 6,500 - 8,000 sqft 3 2 41 17 23 14