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 August 2021

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.

How much do homes in Glendale, AZ cost?

Median Sold Price

$420,007

$241/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$88,679(+26.8%)

Key Takeaway

Homes in Glendale have sold for 26.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $138K$160K
+15.9%
2 $202K$270K
+33.7%
3 $318.9K$400K
+25.4%
4 $383.5K$467.8K
+22.0%
5+ $495K$600K
+21.2%

Median Sold Price Compared To Nearby Cities

El Mirage
+34.6%
Litchfield Park
+27.2%
Glendale
+26.8%
Peoria
+23.3%

How many homes are available in Glendale, AZ?

Number of Homes For Sale

Jul 2022Aug 2022%
897966+7.7%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 56
+20.0%
2 102112
+9.8%
3 426463
+8.7%
4 295311
+5.4%
5+ 6974
+7.2%

Number of Homes Sold

Jul 2022Aug 2022%
200207+3.5%

Asking Price vs. Sold Price

96 Homes Were Sold
Under Asking

56 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. 46.4% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
22 Days33 Days+54.1%

Breakdown of Home Sale Times

106 Homes Were Sold
Under 30 Days

93 Homes Were Sold
In 30 - 90 Days

8 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.

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

About Glendale, AZ

Homes for sale in Glendale, AZ have reached 966. The number of homes for sale in Glendale, AZ increased by 7.7% between July 2022 and August 2022. In August 2022 median list price was $420,007 and the average listing age was 33 days. This housing market listing prices have changed between July 2022 and August 2022: 1 bedroom properties became 15.9% more expensive, 2 bedrooms properties prices increased by 33.7%, the cost of 3 bedrooms properties went up by 25.4%, prices of 4 bedrooms properties increased by 22%, 5 bedrooms properties prices increased by 21.2%. This housing market inventory have changed: the quantity of 1 bedroom homes went up by 20%, 2 bedrooms homes became 9.8% more available, volume of 3 bedrooms homes went up by 8.7%, the quantity of 4 bedrooms homes went up by 5.4%, number of 5 bedrooms homes increased by 7.2%. In August 2022, from all listings sold in Glendale, AZ there were more than 55 sold above asking price, over 96 sold below and more than 56 were sold right at the asked price.

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