Is Glendale, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Glendale has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $180K | +2.9% |
2 Bedrooms | $282K | $288K | +2.1% |
3 Bedrooms | $419.5K | $399.9K | -4.7% |
4 Bedrooms | $485.6K | $484K | -0.3% |
5+ Bedrooms | $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 | $503.9K | $490.9K | -2.6% |
Glendale | $432K | $419.9K | -2.8% |
El Mirage | $385K | $355K | -7.8% |
Litchfield Park | $544.6K | $489.9K | -10.0% |
Housing Supply in Glendale, AZ
How many homes are available in Glendale, AZ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
803 | 824 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 7 | -22.2% |
2 Bedrooms | 70 | 71 | +1.4% |
3 Bedrooms | 366 | 385 | +5.2% |
4 Bedrooms | 281 | 286 | +1.8% |
5+ Bedrooms | 77 | 75 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
181 | 205 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
70 Days | 55 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
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.