Is Glendale, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Glendale is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Glendale has remained a Seller's Market.

Key Takeaway

Glendale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Glendale, AZ

How much do homes in Glendale, AZ cost?

Median Sold Price

$419,999

$244/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$12,020(-2.8%)

Key Takeaway

Homes in Glendale have sold for 2.8% less than they did a year ago.

Summary: The median home sold price in Glendale was $419,999 in February 2024, down 2.8% from last year, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $175K$180K
+2.9%
2 $282K$288K
+2.1%
3 $419.5K$399.9K
-4.7%
4 $485.6K$484K
-0.3%
5+ $605K$640K
+5.8%

Summary: Glendale housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Cities

Peoria
-2.6%
Glendale
-2.8%
El Mirage
-7.8%
Litchfield Park
-10.0%

Housing Supply in Glendale, AZ

How many homes are available in Glendale, AZ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
803824+2.6%

Summary: The Glendale real estate market had 824 homes for sale in February 2024, a 2.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 97
-22.2%
2 7071
+1.4%
3 366385
+5.2%
4 281286
+1.8%
5+ 7775
-2.6%

Summary: The Glendale housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 2.6%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
181205+13.3%

Asking Price vs. Sold Price

90 Homes Were Sold
Under Asking

60 Homes Were Sold
At Asking

55 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Glendale, you may be able to get a good deal. 43.9% of homes here sold below asking price last month.

Summary: A total of 205 homes were sold or pending in Glendale in February 2024, up by 13.3% month-over-month. Of the 205 sold homes, 44% were sold under asking, 29% were sold at asking, and 27% were sold over asking.

Days on Market for Glendale, AZ

How long does it take to sell a home in Glendale, AZ?

Average Sale Time

Feb 2023Feb 2024CHANGE
70 Days55 Days-20.9%

Summary: Homes in Glendale had an average of 55 days on market in Feb 2024, down by 20.9% compared to last year.

Breakdown of Home Sale Times

85 Homes Were Sold
Under 30 Days

74 Homes Were Sold
In 30 - 90 Days

46 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Glendale are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 205 homes were sold in Glendale; 41% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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