Glendale, AZ 85306 Real Estate Market Report

ZIP Code: 85306
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Glendale, AZ (ZIP: 85306) is currently characterized by a median sold price of $399,999.5, reflecting a slight downward trend in home values. This represents a market that has decreased 8% since 2022, indicating a cooling in the overall pricing environment. Despite this decline, the market remains active, with moderate transaction volume suggesting a stable demand amidst elevated inventory levels.

The median listing price stands at $449,999, which creates a notable pricing gap compared to the sold prices, indicating potential pricing friction for sellers. The median days on market is 278, suggesting a slower sales velocity and a need for sellers to adjust expectations in a market that is stabilizing. The rental market is also experiencing a cooling trend, with median market rent at $2,720, reflecting a downward trajectory. Overall, the market appears to be in a phase of adjustment, balancing between seller expectations and buyer realities.

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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

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.

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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 averaging 6.36% APR, which is 0.24% higher than the average rate from last week.

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 median sold price of $399,999.5 indicates a market that has decreased in value, suggesting potential adjustments needed for sellers.

2. With a median listing price of $449,999, there is a significant gap compared to sold prices, indicating pricing friction for sellers.

3. The median days on market of 278 reflects a slower sales velocity, suggesting that properties may require more time to sell in the current market.

4. The median market rent of $2,720 shows a downward trend, indicating a cooling rental market that may affect investor sentiment.

5. Overall, the market temperature is neutral, suggesting a balance between supply and demand despite elevated inventory levels.

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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.