Glendale, AZ 85308 Real Estate Market Report

ZIP Code: 85308
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

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.

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Key Findings

1. $445,500 median sold price remains the primary indicator of realized market value in 85308 and appears to reflect recent transaction activity; with the price year-over-year trend showing down, sellers should expect concessions or longer listing exposures compared to stronger periods.

2. There is a persistent gap between $524,990 median listing price and the $445,500 median sold price, which may indicate pricing friction and elevated seller expectations relative to recent transaction levels; buyers can use this spread to negotiate, while sellers should consider pricing closer to recent sold levels to improve sale likelihood.

3. The market shows 195 median days on market, which signals slower sales velocity and suggests moderate urgency for sellers to refine pricing or condition to reaccelerate transactions; investors and listing agents should plan longer timeframes for disposition.

4. Rental dynamics are soft with $1,514 median market rent and the rent year-over-year trend marked down, while interest rate pressure is characterized as moderate; this combination suggests cautious underwriting assumptions for cashflow and that near-term rent rebounds may be limited by added supply.

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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 85308 Real Estate Market Report

ZIP Code: 85308
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.

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Key Findings

1. The neighborhood’s primary market signal—median sold price of 255,000—marks the most reliable indicator of recent transaction values and suggests a price level materially below current asking expectations (price gap versus listing), which may indicate downward price pressure as sellers adjust.

2. Liquidity appears muted with median days on market at 216, which points to slower sales velocity; combined with a neutral market temperature, this suggests transactions are occurring but with notable pricing friction rather than rapid turnover.

3. Pricing structure shows a median listing price of 322,000 versus the median sold price, implying a meaningful ask-to-sale spread that may require seller concessions or price adjustments to achieve closings in the current environment.

4. Market drivers: the broader trend shows price year-over-year trend as down and rent year-over-year trend as down while interest rate pressure is moderate; together these signals suggest buyers have negotiating leverage now and rental income expectations may be subdued until new-supply absorption improves.

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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.