Glendale, AZ 85308 Real Estate Market Report

ZIP Code: 85308
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Glendale, AZ (85308) reflects a median sold price of $465,000, indicating a stable market with slight fluctuations in pricing. The neighborhood has experienced a flat price trend, suggesting that while there may be some buyer interest, overall price appreciation has stalled. This stability in sold prices is crucial for understanding the current market dynamics, as it reflects actual transaction values rather than merely listing expectations.

Market activity appears to be characterized by elevated inventory levels, with a notable median days on market of 171 days, indicating slower sales velocity. This extended time on the market may suggest that buyers are exercising caution, influenced by elevated interest rates currently averaging 6.38% for 30-year fixed mortgages, which is 0.88% higher than earlier in the year. Consequently, the market is experiencing moderate transaction volume, with excess supply relative to sales activity, which may impact future pricing strategies for sellers.

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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 6.38%, which is 0.88% higher than the early 2026 average of 5.50%.

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 $465,000 indicates a stable market with no significant appreciation or depreciation in recent months.

2. A median days on market of 171 days suggests a slower sales velocity, indicating that properties are taking longer to sell compared to historical averages.

3. Current median market rent stands at $2,670, reflecting a slight decline in rental prices despite steady demand in the rental market.

4. With elevated interest rate pressure, buyers may face affordability challenges, particularly first-time homebuyers, impacting overall market liquidity.

5. The market temperature is currently neutral, suggesting a balanced environment where neither buyers nor sellers hold a significant advantage.

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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.