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May 2024 Glendale Housing Market Report

Updated: May 30


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Source for monthly Glendale Housing Market Report by Realtors serving Glendale, AZ. Information is power. Facts not fiction from the Arizona Regional Multiple Listing Service (ARMLS).


  Text 602-300-0374





 AT A GLANCE

(Swipe left)

Strong Buyer's Market

Buyer's Market

Balanced

Seller's Market

Strong Seller's Market


On a price per-square foot average (see charts below):

  • Prices are up +$5 from last month, up $16 from last April, and down $16 from their peak in May '22

  • Last month, sellers received an average of -$5,443 less than their asking prices

  • May 2024 began with 401 listings, which is 143% of the 3 year average of 280  (from 2021-2023)

  • April had 254 sales, or 91% of the 3 year average of 279 (from 2021-2023)  

  • Glendale is currently turning over housing inventory once every 1.4 months

  • Bank-owned properties and short sales make up only 0.4% of all Glendale sales

 

     

Glendale Housing Market Report Updated for May 2024


To reduce data errors results are based on:

  1. Glendale SOLD single family residences, patio homes, and townhomes (ask us about condos)

  2. List/sales price under $1,000,000

  3. Size over 1,000 sq ft.

  4. Calendar month



5 YEARS of Glendale sales data below will increase your understanding the local housing market (we have city data archived back to January 2008).


 

 Table Explanation

(Swipe left for full data)

 

Month

Total Active

Total Sold

% Sold

MO. INV.

Sq ft

Price

DOM

$$ sq ft

+/- List Price

May-24

401

 

 

 

 

 

 

 

 

Apr-24

365

254

69.6%

1.4

1,862

$461,462

50

$248

-$5,443

Mar-24

337

228

67.7%

1.5

1,918

$465,646

50

$243

-$6,526

Feb-24

318

214

67.3%

1.5

1,886

$461,585

55

$245

-$6,394

Jan-24

362

163

45.0%

2.2

1,978

$463,716

53

$234

-$9,405

 

 

 

 

 

 

 

 

 

 

Dec-23

370

163

44.1%

2.3

1,902

$460,177

44

$242

-$8,467

Nov-23

344

160

46.5%

2.2

1,938

$460,627

42

$238

-$7,767

Oct-23

314

191

60.8%

1.6

1,844

$454,517

38

$246

-$6,101

Sep-23

287

205

71.4%

1.4

1,952

$468,010

40

$240

-$7,351

Aug-23

239

214

89.5%

1.1

1,913

$463,267

38

$242

-$4,013

Jul-23

231

210

90.9%

1.1

1,806

$440,877

40

$244

-$2,824

Jun-23

205

245

119.5%

0.8

1,940

$457,016

49

$236

-$5,929

May-23

202

289

143.1%

0.7

1,847

$447,637

51

$242

-$5,225

Apr-23

275

231

84.0%

1.2

1,921

$445,122

60

$232

 

Mar-23

370

278

75.1%

1.3

1,906

$457,126

69

$240

 

Feb-23

407

219

53.8%

1.9

1,863

$428,218

70

$230

 

Jan-23

488

148

30.3%

3.3

1,918

$434,111

77

$226

 

 

 

 

 

 

 

 

 

 

 

Dec-22

539

183

34.0%

2.9

1,933

$444,172

65

$230

 

Nov-22

626

182

29.1%

3.4

1,824

$436,203

61

$239

 

Oct-22

643

210

32.7%

3.1

1,874

$443,442

50

$237

 

Sep-22

635

234

36.9%

2.7

1,845

$452,608

43

$245

 

Aug-22

626

256

40.9%

2.4

1,797

$448,188

36

$249

 

Jul-22

523

243

46.5%

2.2

1,856

$470,844

25

$254

 

Jun-22

296

306

103.4%

1.0

1,877

$493,747

23

$263

 

May-22

170

323

190.0%

0.5

1,801

$476,264

22

$264

 

Apr-22

108

351

325.0%

0.3

1,863

$478,194

23

$257

 

Mar-22

123

375

304.9%

0.3

1,870

$472,497

27

$253

 

Feb-22

123

297

241.5%

0.4

1,908

$454,944

29

$238

 

Jan-22

150

242

161.3%

0.6

1,910

$445,340

29

$233

 

 

 

 

 

 

 

 

 

 

 

Dec-21

170

328

192.9%

0.5

1,857

$427,067

27

$230

 

Nov-21

215

361

167.9%

0.6

1,876

$428,020

27

$228

 

Oct-21

196

387

197.4%

0.5

1,845

$422,081

23

$229

 

Sep-21

191

396

207.3%

0.5

1,865

$419,104

24

$225

 

Aug-21

228

381

167.1%

0.6

1,853

$413,018

21

$223

 

Jul-21

134

379

282.8%

0.4

1,929

$413,003

22

$214

 

Jun-21

138

390

282.6%

0.4

1,901

$405,090

20

$213

 

May-21

79

326

412.7%

0.2

1,898

$393,258

18

$207

 

Apr-21

86

382

444.2%

0.2

1,882

$371,663

22

$197

 

Mar-21

125

415

332.0%

0.3

1,926

$365,414

22

$190

 

Feb-21

109

289

265.1%

0.4

1,820

$346,251

28

$190

 

Jan-21

102

269

263.7%

0.4

1,928

$340,720

31

$177

 


 

Table Explanation for Glendale Housing Market Report

NOTE: we use the term “foreclosure” to describe bank owned homes and short sales because most people are familiar with it. “Distressed Properties” may be more accurate.

  1. Total Active – # of homes for sale at the beginning of the current month

  2. Total Sold – # of homes sold in the current month

  3. % Sold – a ratio of total sold to total active

  4. MO. INV. – based on total sold, how many months it would take to sell the total “active” inventory

  5. Sq ft – average square footage of sold homes

  6. Price – average sales price of sold homes

  7. DOM – Days On Market, or average days to sale

  8. $ sq ft – average price per square foot

  9. +/- List Price – the average dollars received by sellers above or below their average list prices

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