Glendale, AZ 85304 Real Estate Market Report

ZIP Code: 85304
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Glendale, AZ are 6.5% compared to 5.7% for typical loans originated earlier in 2026, indicating property owners in this market currently face higher borrowing costs.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. $415,000 median sold price is the best indicator of current market value and recent transaction activity, signaling stable realized pricing in April 2026 and serving as the primary reference for valuing comparable SFR and condo listings in the area.

2. $449,000 median listing price versus the median sold price suggests a pricing gap that may reflect seller optimism or listing-time adjustments; this differential, combined with a median days on market of 322, points to pricing friction and slower sales velocity rather than rapid turnover.

3. median days on market of 322 indicates prolonged marketing periods and slower transaction velocity, which may require sellers to price more competitively or improve marketing to achieve timelier closings.

4. Market context shows a neutral market temperature with down rent year-over-year and elevated interest rate pressure, implying that borrowing costs are a headwind for some buyers and that rental income expectations have softened despite strong local employment and population inflows; expect cautious buyer behavior and selective seller adjustments while the market stabilizes.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Glendale, AZ 85304 Real Estate Market Report

ZIP Code: 85304
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Glendale, AZ are 6.5% compared to 5.7% for typical loans originated earlier in 2026, indicating property owners in this market currently face higher borrowing costs.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market indicator, the median sold price of $177,000, points to stabilized transaction values with recent sales anchoring neighborhood pricing and suggesting representative recent sale levels for buy/sell decisions.

2. There is a meaningful spread between the median listing price of $194,900 and the median sold price of $177,000, which may indicate pricing friction between seller expectations and closed transactions; this gap appears alongside a flat year-over-year price trend and a neutral market temperature, suggesting measured upward pressure but no strong momentum.

3. Sales velocity appears slow given the median days on market of 937, which suggests extended time-to-contract and slower transaction volume; this should be interpreted as liquidity drag rather than definitive market weakness, and sellers may need to adjust pricing or concessions to accelerate closings.

4. Macro/financing headwinds are present: interest-rate pressure is elevated and current 30-year fixed mortgage rates are about 6.5% versus 5.7% earlier in 2026, while rent performance shows downside with median market rent at $1,350 and a year-over-year rent trend that is down; investors should account for higher borrowing costs and softer rental growth when modeling returns.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.