Is Glendale, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$420,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Glendale was $420,000 in March 2024, down 2.4% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $171K | $181K | +5.8% |
2 Bedrooms | $275.6K | $290K | +5.2% |
3 Bedrooms | $415.3K | $400K | -3.7% |
4 Bedrooms | $484.9K | $485.7K | 0.2% |
5+ Bedrooms | $609.1K | $625K | +2.6% |
Summary: Glendale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 5.2%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
Peoria | $499.9K | $497.9K | -0.4% |
Glendale | $430.1K | $420K | -2.4% |
El Mirage | $379.9K | $355K | -6.6% |
Litchfield Park | $535.5K | $497.7K | -7.1% |
Housing Supply in Glendale, AZ
How many homes are available in Glendale, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
854 | 906 | +6.1% |
Summary: The Glendale real estate market had 906 homes for sale in March 2024, a 6.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 72 | 94 | +30.6% |
3 Bedrooms | 405 | 416 | +2.7% |
4 Bedrooms | 296 | 298 | +0.7% |
5+ Bedrooms | 74 | 92 | +24.3% |
Summary: The Glendale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 30.6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 24.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
224 | 248 | +10.7% |
Asking Price vs. Sold Price
125 Homes Were Sold
Under Asking
78 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Summary: A total of 248 homes were sold or pending in Glendale in March 2024, up by 10.7% month-over-month. Of the 248 sold homes, 50% were sold under asking, 31% were sold at asking, and 18% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 52 Days | -18.2% |
Summary: Homes in Glendale had an average of 52 days on market in Mar 2024, down by 18.2% compared to last year.
Breakdown of Home Sale Times
114 Homes Were Sold
Under 30 Days
88 Homes Were Sold
In 30 - 90 Days
46 Homes Were Sold
Over 90 Days
Summary: During March 2024, 248 homes were sold in Glendale; 46% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.