Is Glendale, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$424,987
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Glendale was $424,987 in May 2024, up 1% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $185K | +5.7% |
2 Bedrooms | $275K | $280K | +1.8% |
3 Bedrooms | $403.8K | $400.1K | -0.9% |
4 Bedrooms | $480K | $488.6K | +1.8% |
5+ Bedrooms | $610K | $625K | +2.5% |
Summary: Glendale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
Peoria | $490.1K | $499.9K | +2.0% |
Litchfield Park | $509.2K | $516.6K | +1.4% |
Glendale | $420.9K | $424.9K | +1.0% |
El Mirage | $369.9K | $360K | -2.7% |
Housing Supply in Glendale, AZ
How many homes are available in Glendale, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
986 | 1,001 | +1.5% |
Summary: The Glendale real estate market had 1,001 homes for sale in May 2024, a 1.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 9 | +28.6% |
2 Bedrooms | 105 | 114 | +8.6% |
3 Bedrooms | 458 | 431 | -5.9% |
4 Bedrooms | 320 | 329 | +2.8% |
5+ Bedrooms | 96 | 118 | +22.9% |
Summary: The Glendale housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 8.6%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 22.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
271 | 273 | +0.7% |
Asking Price vs. Sold Price
126 Homes Were Sold
Under Asking
76 Homes Were Sold
At Asking
71 Homes Were Sold
Over Asking
Summary: A total of 273 homes were sold or pending in Glendale in May 2024, up by 0.7% month-over-month. Of the 273 sold homes, 46% were sold under asking, 28% were sold at asking, and 26% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
51 Days | 47 Days | -6.7% |
Summary: Homes in Glendale had an average of 47 days on market in May 2024, down by 6.7% compared to last year.
Breakdown of Home Sale Times
112 Homes Were Sold
Under 30 Days
133 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Summary: During May 2024, 273 homes were sold in Glendale; 41% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.