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 2022

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

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

-$9,777(-2.3%)

Key Takeaway

Homes in Glendale have sold for 2.3% less than they did a year ago.

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

# BEDSAug 2022Aug 2023CHANGE
1 $162.5K$181K
+11.4%
2 $270K$266.3K
-1.4%
3 $404.5K$393.7K
-2.7%
4 $467.8K$474.9K
+1.5%
5+ $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
-1.9%
Glendale
-2.3%
El Mirage
-6.9%
Litchfield Park
-14.6%

Housing Supply

How many homes are available in Glendale, AZ?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
756800+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

# BEDSJul 2023Aug 2023CHANGE
1 810
+25.0%
2 6273
+17.7%
3 363365
+0.6%
4 263281
+6.8%
5+ 6071
+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 2023Aug 2023CHANGE
236241+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Glendale, you may be able to get a good deal. 43.6% of homes here sold below asking price last month.

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 2022Aug 2023CHANGE
34 Days39 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 26 Days Ago

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Nearby Markets

What housing markets are near Glendale, AZ?