Arizona's Most Current Market Reports

Glendale, AZ

Single-Family Homes

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Glendale, AZ

Sat Jul 20 2024
This week the median list price for Glendale, AZ is $485,999 with the market action index hovering around 45. This is less than last month's market action index of 48. Inventory has increased to 430. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Sat Jul 20 2024
This week the median list price for Glendale, AZ is $485,999 with the market action index hovering around 45. This is less than last month's market action index of 48. Inventory has increased to 430. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $485,999
Median Price of New Listings $450,000
Per Square Foot $256
Average Days on Market 61
Median Days on Market 42
Price Decreased 59%
Price Increased 4%
Relisted 4%
Inventory 430
Median Rent
Market Action 45
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
$819,999 3,024 0.25 - 0.5 acre 4 3 28 9 11 56
$539,988 2,082 6,500 - 8,000 sqft 4 3 26 6 10 49
$455,000 1,829 6,500 - 8,000 sqft 3 2 39 17 10 35
$396,500 1,478 6,500 - 8,000 sqft 3 2 46 17 19 28