Navi Title Agency

Glendale, AZ 85304

Single-Family Homes

Here is your weekly Market Update!



Glendale, AZ 85304

Mon Dec 04 2023
This week the median list price for Glendale, AZ 85304 is $445,000 with the market action index hovering around 51. This is less than last month's market action index of 58. Inventory has increased to 37. 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 85304

Mon Dec 04 2023
This week the median list price for Glendale, AZ 85304 is $445,000 with the market action index hovering around 51. This is less than last month's market action index of 58. Inventory has increased to 37. 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 $445,000
Median Price of New Listings $427,500
Per Square Foot $260
Average Days on Market 52
Median Days on Market 35
Price Decreased 49%
Price Increased 0%
Relisted 3%
Inventory 37
Median Rent
Market Action 51
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
$1,299,000 3,574 0.5 - 1 acre 5 4 41 1 0 35
$489,000 2,058 8,000 - 10,000 sqft 4 2 43 1 0 63
$425,000 1,739 6,500 - 8,000 sqft 3 2 44 1 0 35
$392,450 1,429 6,500 - 8,000 sqft 3 2 44 3 1 17