March 2024 Real Estate Update in Glendale AZ

Phoenix Real Estate Market / By
AT A GLANCE

Glendale Housing Market Conditions

Visit here for monthly Glendale Market Conditions by Glendale Realtors. Facts from the MLS. Ask us how to get the best deal on a Glendale home in this market, including Glendale Luxury Homes!
Text 602-300-0374 or email us
On a price per-square foot average (see charts below):

Prices have continued upwards after a setback in January

March 2024 began with listings at 120% of the 3 year average of 280 (from 2021-2023).

February’s sales were at 77% of the 3 year average of 279 (from 2021-2023).

Call or text 602-300-0374 and ask us how to get the best deal on a Glendale home in this market!

Information Source

March 26, 2024 8:18 pm

About Glendale

Glendale is currently turning over housing inventory once every 1.5 months.

Glendale Housing Market Conditions Updated for March 2024

To reduce data errors results are based on:

  • Glendale SOLD single family residences, patio homes, and townhomes (ask us about condos)
  • sales price under $1,000,000
  • size over 1,000 sq ft.
  • Calendar month

Table Explanation

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

MonthTotal ActiveTotal Sold% SoldMO. INV.Sq ftPriceDOM$$ sq ft+/- List PriceActive # Foreclo.% Active Foreclo.Sold Foreclo.% Sold Foreclo.
Mar-24337        10.3%  
Feb-2431821467.3%1.51,886$461,58555$245-$6,39410.3%10.5%
Jan-2436216345.0%2.21,978$463,71653$234-$9,40510.3%00.0%
Glendale Housing Market Conditions 2023
Dec-2337016344.1%2.31,902$460,17744$242-$8,46710.3%10.6%
Nov-2334416046.5%2.21,938$460,62742$238-$7,76710.3%00.0%
Oct-2331419160.8%1.61,844$454,51738$246-$6,10100.0%00.0%
Sep-2328720571.4%1.41,952$468,01040$240-$7,35100.0%00.0%
Aug-2323921489.5%1.11,913$463,26738$242-$4,01300.0%00.0%
Jul-2323121090.9%1.11,806$440,87740$244-$2,82400.0%00.0%
Jun-23205245119.5%0.81,940$457,01649$236-$5,92910.5%00.0%
May-23202289143.1%0.71,847$447,63751$242-$5,22510.5%10.3%
Apr-2327523184.0%1.21,921$445,12260$232 10.4%00.0%
Mar-2337027875.1%1.31,906$457,12669$240 10.3%00.0%
Feb-2340721953.8%1.91,863$428,21870$230 10.2%00.0%
Jan-2348814830.3%3.31,918$434,11177$226 10.2%00.0%
Glendale Housing Market Conditions 2022
Dec-2253918334.0%2.91,933$444,17265$230 00.0%00.0%
Nov-2262618229.1%3.41,824$436,20361$239 00.0%10.5%
Oct-2264321032.7%3.11,874$443,44250$237 00.0%00.0%
Sep-2263523436.9%2.71,845$452,60843$245 00.0%00.0%
Aug-2262625640.9%2.41,797$448,18836$249 00.0%00.0%
Jul-2252324346.5%2.21,856$470,84425$254 00.0%10.4%
Jun-22296306103.4%1.01,877$493,74723$263 00.0%00.0%
May-22170323190.0%0.51,801$476,26422$264 00.0%10.3%
Apr-22108351325.0%0.31,863$478,19423$257 00.0%00.0%
Mar-22123375304.9%0.31,870$472,49727$253 00.0%10.3%
Feb-22123297241.5%0.41,908$454,94429$238 00.0%00.0%
Jan-22150242161.3%0.61,910$445,34029$233 00.0%00.0%
Glendale Housing Market Conditions 2021
Dec-21170328192.9%0.51,857$427,06727$230 00.0%00.0%
Nov-21215361167.9%0.61,876$428,02027$228 00.0%00.0%
Oct-21196387197.4%0.51,845$422,08123$229 00.0%00.0%
Sep-21191396207.3%0.51,865$419,10424$225 00.0%10.3%
Aug-21228381167.1%0.61,853$413,01821$223 10.4%00.0%
Jul-21134379282.8%0.41,929$413,00322$214 00.0%10.3%
Jun-21138390282.6%0.41,901$405,09020$213 00.0%10.3%
May-2179326412.7%0.21,898$393,25818$207 00.0%10.3%
Apr-2186382444.2%0.21,882$371,66322$197 00.0%00.0%
Mar-21125415332.0%0.31,926$365,41422$190 00.0%20.5%
Feb-21109289265.1%0.41,820$346,25128$190 00.0%00.0%
Jan-21102269263.7%0.41,928$340,72031$177 00.0%10.4%
Glendale Housing Market Conditions 2020
Dec-20155381245.8%0.41,884$326,06831$173 10.6%30.8%
Nov-20195371190.3%0.51,881$329,03925$175 10.5%20.5%
Oct-20185381205.9%0.51,990$340,21728$171 10.5%10.3%
Sep-20165353213.9%0.51,931$330,58726$171 00.0%10.3%
Aug-20164325198.2%0.51,948$325,33727$167 00.0%00.0%
Jul-20147434295.2%0.31,942$320,95337$165 00.0%40.9%
Jun-20240420175.0%0.61,896$301,69740$159 31.3%30.7%
May-20278299107.6%0.91,844$294,50535$160 41.4%20.7%
Apr-2033928182.9%1.21,910$308,03733$161 30.9%20.7%
Mar-20220303137.7%0.71,889$296,53342$157 20.9%31.0%
Feb-20244321131.6%0.81,959$302,53155$154 20.8%41.2%
Jan-2030325383.5%1.21,916$292,57454$153 72.3%62.4%
 Glendale Housing Market Conditions 2019
Dec-1935432291.0%1.11,911$287,28049$150 61.7%20.6%
Nov-1942135383.8%1.21,925$293,07345$152 61.4%30.8%
Oct-1942334882.3%1.21,912$276,94743$145 81.9%30.9%
Sep-1940134686.3%1.21,885$282,51446$150 10.2%00.0%
Aug-1943341996.8%1.01,898$281,80946$148 20.5%51.2%
Jul-1944542094.4%1.11,908$279,44744$146 30.7%41.0%
Jun-1946040588.0%1.11,927$284,87047$148 30.7%71.7%
May-1951947491.3%1.11,884$278,08748$148 71.3%30.6%
Apr-1949642685.9%1.21,850$269,19257$146 61.2%51.2%
Mar-1949336674.2%1.31,849$269,68556$146 30.6%41.1%
Feb-1955728551.2%2.01,878$268,27567$143 81.4%82.8%
Jan-1952422342.6%2.31,873$266,31570$142 51.0%73.1%

Table Explanation

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.

  • Total Active – # of homes for sale at the beginning of the current month
  • Total Sold – # of homes sold in the current month
  • % Sold – a ratio of total sold to total active
  • MO. INV. – based on total sold, how many months it would take to sell the total “active” inventory
  • Sq ft – average square footage of sold homes
  • Price – average sales price of sold homes
  • DOM – Days On Market, or average days to sale
  • $ sq ft – average price per square foot
  • +/- List Price – the average dollars received by sellers above or below their average list prices
  • Active # Foreclo. – # distressed properties for sale at beginning of month
  • % Active Foreclo. – active # distressed properties expressed as a %
  • Sold Foreclo. – # distressed properties sold in current month
  • % Sold Foreclo. – # distressed properties expressed as a %

About GlendaleState: Arizona
County: Maricopa
Location: Glendale
ZIP or Postal Code(s): 85301, 85302, 85303, 85304, 85305, 85306, 85307, 85308, 85309, 85310Glendale Fast Facts

  • Located on the Western edge of Phoenix, Glendale is a convenient 20 minutes from Phoenix Sky Harbor International Airport.
  • Home to Luke AFB, the NFL Cardinals, NHL Coyotes, Arrowhead Regional Mall, the Westgate Entertainment District, and Glendale Municipal Airport
  • 245,895 Population in 2017 making it the 5th largest city in Metro Phoenix and 6th in the state
  • About 60 square miles in size
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