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 November 2023

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 in Glendale, AZ

How much do homes in Glendale, AZ cost?

Median Sold Price

$424,999

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,114(+1.9%)

Key Takeaway

Homes in Glendale have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Glendale was $424,999 in November 2024, up 1.9% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $178.5K$193K
+8.1%
2 $275K$279.6K
+1.7%
3 $395.1K$408K
+3.2%
4 $477.3K$489.6K
+2.6%
5+ $610K$620K
+1.6%

Summary: Glendale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 1.6%.

Median Sold Price Compared To Nearby Cities

Peoria
+7.4%
Litchfield Park
+5.4%
El Mirage
+3.5%
Glendale
+1.9%

Housing Supply in Glendale, AZ

How many homes are available in Glendale, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,006967-3.9%

Summary: The Glendale real estate market had 967 homes for sale in November 2024, a 3.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 34
+33.3%
2 108114
+5.6%
3 456423
-7.2%
4 329323
-1.8%
5+ 110103
-6.4%

Summary: The Glendale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 6.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
237182-23.2%

Asking Price vs. Sold Price

78 Homes Were Sold
Under Asking

63 Homes Were Sold
At Asking

41 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. 42.9% of homes here sold below asking price last month.

Summary: A total of 182 homes were sold or pending in Glendale in November 2024, down by 23.2% month-over-month. Of the 182 sold homes, 43% were sold under asking, 35% were sold at asking, and 23% 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

Nov 2023Nov 2024CHANGE
43 Days67 Days+55.2%

Summary: Homes in Glendale had an average of 67 days on market in Nov 2024, up by 55.2% compared to last year.

Breakdown of Home Sale Times

48 Homes Were Sold
Under 30 Days

88 Homes Were Sold
In 30 - 90 Days

46 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Glendale has remained consistent over time.

Summary: During November 2024, 182 homes were sold in Glendale; 26% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 25% 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 20 Days Ago

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