Glendale, AZ 85306 Real Estate Market Report

ZIP Code: 85306
Report Date: May 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 6.375% compared to 5.87% when typical loans in this area originated in early 2026.

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 neighborhood's primary market indicator is the median sold price of $400,000, which represents the most reliable recent transaction value; with the price year-over-year trend reported as down, sellers should prepare for increased negotiation on price and buyers may expect concessions.

2. The median listing price of $438,745 sits above the median sold price, indicating a potential gap between seller expectations and realized values; this pricing friction may lengthen time-to-contract and suggests sellers should consider calibrated pricing or stronger marketing to close that gap.

3. The median days on market of 291 signals slower sales velocity and extended marketing timelines; combined with a neutral market temperature (neutral), this suggests a balanced-to-cooling market environment where listing strategy and terms matter more to secure a sale.

4. The median price per square foot of $258 and median market rent of $1,499, together with rent year-over-year trend reported as down and interest rate pressure characterized as moderate, create tighter underwriting and cash-flow comparisons for investors—buyers and sellers should factor financing cost sensitivity into pricing and hold/offer strategies.

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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 85306 Real Estate Market Report

ZIP Code: 85306
Report Date: May 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

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 6.375% compared to 5.87% when typical loans in this area originated in early 2026.

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, $272,350 median sold price, signals the prevailing market value for recent transactions; paired with a neutral market temperature, this suggests pricing is stabilizing rather than rapidly appreciating or collapsing.

2. Despite stabilized sold prices, 338 median days on market points to slower sales velocity and increased negotiation windows; the extended time to contract may indicate downward pricing pressure or buyer pause in certain segments.

3. Market unit economics show $211 median price per square foot and $1,695 median market rent, while rent is trending down, indicating softer near-term rental demand and potential compression in landlord returns.

4. Liquidity context shows relatively constrained active supply in the analyzed sample alongside moderate interest rate pressure—current market comparison shows 30-year fixed rates at 6.375% versus 5.87% on typical recent originations—this combination may keep some buyers sidelined and suggests pricing sensitivity on new listings.

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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.