Is Glendale, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Glendale has remained a Seller's Market.
Housing Prices
How much do homes in Glendale, AZ cost?
Median Sold Price
$410,923
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Summary: The median home sold price in Glendale was $410,923 in August 2023, down 2.3% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $162.5K | $181K | +11.4% |
2 Bedrooms | $270K | $266.3K | -1.4% |
3 Bedrooms | $404.5K | $393.7K | -2.7% |
4 Bedrooms | $467.8K | $474.9K | +1.5% |
5+ Bedrooms | $600K | $620K | +3.3% |
Summary: Glendale housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
Peoria | $489.2K | $479.7K | -1.9% |
Glendale | $420.7K | $410.9K | -2.3% |
El Mirage | $380.1K | $354K | -6.9% |
Litchfield Park | $565.3K | $483.1K | -14.6% |
Housing Supply
How many homes are available in Glendale, AZ?
Number of Homes For Sale
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
756 | 800 | +5.8% |
Summary: The Glendale real estate market had 800 homes for sale in August 2023, a 5.8% increase compared to July 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 10 | +25.0% |
2 Bedrooms | 62 | 73 | +17.7% |
3 Bedrooms | 363 | 365 | +0.6% |
4 Bedrooms | 263 | 281 | +6.8% |
5+ Bedrooms | 60 | 71 | +18.3% |
Summary: The Glendale housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 18.3%.
Number of Homes Sold
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
236 | 241 | +2.1% |
Asking Price vs. Sold Price
105 Homes Were Sold
Under Asking
63 Homes Were Sold
At Asking
73 Homes Were Sold
Over Asking
Summary: A total of 241 homes were sold or pending in Glendale in August 2023, up by 2.1% month-over-month. Of the 241 sold homes, 44% were sold under asking, 26% were sold at asking, and 30% were sold over asking.
Days on Market
How long does it take to sell a home in Glendale, AZ?
Average Sale Time
Aug 2022 | Aug 2023 | CHANGE |
---|---|---|
34 Days | 39 Days | +14.7% |
Summary: Homes in Glendale had an average of 39 days on market in Aug 2023, up by 14.7% compared to last year.
Breakdown of Home Sale Times
142 Homes Were Sold
Under 30 Days
81 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During August 2023, 241 homes were sold in Glendale; 59% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.