Here is an in-depth analysis of the Glendale real estate market for August 2023. Last month, thirty-two homes sold. Twenty-two of these homes sold for over the asking price, two for asking, and eight under the asking price. The average price per square foot, sales price, and median price have increased. The least expensive home sold in Glendale was a three-bedroom, two-bathroom, 1,330 square-foot home located at 1100 Green St. It sold for the asking price of $999,000 in sixteen days. The most expensive Glendale home sale was a five-bedroom, six-bathroom, 6,207 square-foot home located at 3316 Barnes Circle. This luxury home was initially listed for $2,895,000 and sold in seven days over asking at $2,950,000.
The absorption rate remains low, indicating a very strong seller’s market. The average number of days on the market is just eighteen. A home on West Mountain sold off the market in 0 days. At the same time, a home on Wilson was listed at $1,199,000 and sold in 64 days at $1,005,000.
When analyzing the Glendale real estate market for August 2023, it’s interesting to note the variation in the average price per square foot. On the high end was an 836-square-foot home on Milford selling for $1194.98. On the low end was a 4256-square-foot home on Norton selling for just $405.31 per foot.
