Glendale, Arizona Housing Market

How much can you negotiate in Glendale?

Only 46 out of every 100 homes for sale have found a buyer. The other 54 are still waiting. Your offer may be the only one on the table. About 1 in 3 sellers has already dropped their price. Each one has learned their first price was too high. Start below their new price, not their old one.

A typical Glendale home takes 51 days to find a buyer. Half of them take even longer. That is 15% faster than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 671 homes for sale in Glendale. That is the most in ten years. It is 6 times the low of Apr 2021. Every one of them competes with the house you want.

What to do about it

• Start in 85310, 85305, and 85307. Those are the three softest ZIP codes in Glendale.
• Filter for homes listed 60+ days ago that have already cut their price.
• Offer below the reduced price.
• Keep your inspection and financing contingencies.
• In 85310 only 36 out of 100 homes have a buyer. You can lose a few offers there and still win.

Is now a good time to buy in Glendale?

Asking prices are 9.6% below their Jul 2023 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Glendale prices have risen in 78 of the last 108 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

There is no rush. Prices are still coming down. Watch the homes you like. Come back after they cut. Let the seller move first.

Who will rent from you in Glendale?

In Glendale, 39 out of every 100 households rent. Most own their home. The renter share is shrinking. Five years ago it was 41 in 100. Glendale added about 1,200 renter households in five years. Renter households here average 2.6 people. Families rent here. Buy bedrooms, not studios.

Households grew 8% in five years. The housing stock grew 5%. Demand is outrunning supply. Just 4.8% of homes sit empty. A well-priced rental fills fast here.

The median Glendale household earns $80,556 a year. Incomes here have grown 5.5% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 5.7 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. A tenant on the median income can pay about $2,014 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.

That is the market, not your address. Run an address through the app to see its rent estimate and cash flow.

What numbers should you underwrite a Glendale deal with?

• Price growth to assume — +3.0%/yr. Glendale grew 6.8% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Glendale grows about 3.0% a year. That is the number to type in. Prices fell 2.2% over the last year. That is a timing signal, not a trend.
• Months of carrying cost — 2. A typical home takes 51 days to sell. Budget that long when you exit or refinance.
• Odds you cut your price to sell — 1 in 3. About 34% of homes on the Glendale market right now have already cut their asking price. Assume you are one of them when you sell. Do not underwrite an exit at your asking price.
• Comp on this, not median price — $248/sqft. The typical Glendale listing shrank from 2,056 to 1,879 sqft since Jul 2016. So median price hides real growth: 93% per sqft versus 74% on the median. Comp on median price and you will overpay for small homes.
• Competition when you exit — +4%. That is how much the number of homes for sale grew in a year. Your resale will face a bigger crowd than today's comps did.
• Price-to-income ratio — 5.7×. A typical home costs 5.7 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. Incomes are rising faster than home prices. Affordability is improving.
• Tenant rent ceiling — $2,014/mo. 30% of the median household income of $80,556. Rents above this line shrink your tenant pool fast.

Is Glendale a buyer's or seller's market in 2026?

Yes, if you negotiate. Buyers have the upper hand in Glendale right now. 46 out of every 100 homes for sale have a buyer, 34% of sellers have cut their price, and a typical home takes 51 days to sell.

Are Glendale home prices going up or down?

Asking prices are 9.6% below their Jul 2023 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.

What price growth should I assume for Glendale?

Assume +3.0% a year. Glendale grew 6.8% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Glendale grows about 3.0% a year. That is the number to type in. Prices fell 2.2% over the last year. That is a timing signal, not a trend.

How fast are homes selling in Glendale?

A typical Glendale home takes 51 days to find a buyer. Half of them take even longer. That is 15% faster than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.

Is Glendale a renters' market or an owners' market?

In Glendale, 39 out of every 100 households rent. Most own their home. The renter share is shrinking. Five years ago it was 41 in 100. Just 4.8% of homes sit empty. A well-priced rental fills fast here.

What rent can Glendale tenants afford?

A tenant on the median income can pay about $2,014 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Glendale household earns $80,556 a year.

Which Glendale ZIP code has the most negotiating room?

85310. Only 36 out of 100 homes there have a buyer. 39% of sellers there have cut their price, and a typical home takes 52 days to sell.