September 2024 Glendale Housing Market Report

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).

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 LISTINGS TO BEGIN SEPTEMBER and AUGUST RESULTS

(Table may require a swipe left on mobile devices)

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):

• At $243 per-square foot in August, prices are down -$1 from July, up $1 from last August, and down $21 from their peak in May '22
  

• Last month, sellers received an average of -$5,925 less than their asking prices
  

• September 2024 began with 489 listings, which is 177% of the 3 year average of 280  (from 2021-2023)
  

• August had 177 sales, or 63% of the 3 year average of 279 (from 2021-2023)  

• Glendale is currently turning over housing inventory once every 2.8 months
  

• Bank-owned properties and short sales made up only 0.6% of all Glendale sales

Glendale Housing Market Report Updated in September 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

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

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 Table Explanation

(Table may require a swipe left on mobile devices)

Month	Total Active	Total Sold	% Sold	MO. INV.	Sq ft	Price	DOM	$$ sq ft	+/- List Price
Sep-24	489
Aug-24	495	177	35.8%	2.8	1,857	$451,524	54	$243	-$5,925
Jul-24	479	221	46.1%	2.2	1,936	$472,884	49	$244	-$6,059
Jun-24	429	204	47.6%	2.1	1,900	$466,618	48	$246	-$6,647
May-24	401	251	62.6%	1.6	1,851	$450,957	47	$244	-$5,877
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

Glendale Housing Market Report by Realtors serving Glendale, AZ