Glendale Market Report
Welcome to the October 2022 Glendale, Arizona Market Report. Glendale is considered to be in the West Valley and has a population of 249,630. The average home price in the month of October for Glendale was $438,526, up $12,709 from the previous month of September. The average lease price per square foot in Glendale listed on the MLS was $1.28 in October, down from $1.31 in September, showing that rent prices are mostly holding but are slightly declining in the Glendale area.
The total number of Glendale homes sold in October was 236, down 31 sales from 267 in September. This has also been a common theme throughout the valley and is consistent with the time of year.
It took homes in Glendale an average of 52 days to go under contract in October, which is 10 days longer than it took in September, at 42 days. As you can see from the chart, Glendale has stayed relatively consistent from January 2021 through July 2022. August is really when we see the trend shifting upward, as it is a common theme throughout the valley.
Glendale is in line with the rest of the valley and has joined the Buyer’s Market Club. With a $438k average sales price, Glendale, Arizona, is among the most affordable cities in the Phoenix Metro.
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