Glendale, AZ 85306 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

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

Key Findings

1. The primary indicator of recent market value is the median sold price of 497,000, which—combined with a median days on market of 342—suggests slower sales velocity and that recent transactions are taking considerably longer to close than typical fast-turn markets.
2. The gap between the median listing price of 430,000 and the median sold price of 497,000 may indicate pricing friction between seller expectations and final transaction prices; sellers should expect negotiation and buyers may have increased leverage in deal structuring. neutral
3. Market inventory appears to be characterized by relatively constrained active supply in the analyzed sample, and the market temperature is neutral, which suggests a move toward more balanced conditions rather than a strong one-sided market; this balance may support measured listing strategies and patient buyers. neutral
4. Interest rate pressure is elevated and current 30-year fixed mortgage rates are averaging approximately 6.53% to 6.76%, which, together with a downward price year-over-year trend and a rent year-over-year down signal, may dampen buyer affordability and limit price appreciation in the near term. elevated

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.