We update the Glendale statistics monthly to stay on top of the Glendale real estate market. Below is our overview of the Glendale real estate market for May of 2023. Last month Glendale saw a decrease in home sales. In May 2022, home sales reached a total of sixty-two, while the number of homes sold this year stands at only thirty-three. Out of the thirty-three homes sold, buyers purchased twenty-two homes for over the asking price. Two homes were sold at the asking price, and nine homes under the asking price.
Last month’s least expensive home sold in Glendale was a two-bedroom, one-bathroom, 807-square-foot home located at 1562 Midway St. It was initially listed at $789,000. This starter home sold over asking in just seven days for $910,000. Last month’s most expensive home sold was a four-bedroom, three-bathroom, 3,093-square-foot luxury home. It is located at 815 Moorside Drive. This stunning property was initially listed for$3,290,000 and took a total of six months before selling for $3,075,000.
When looking at the Glendale real estate market for May 2023, it’s interesting to note the average price per square foot variance. The home on Midway mentioned above sold for $1,127.63 per foot, placing it on the high end. On the low end was a 2,184-square-foot home on Cavanagh Rd. selling for $474.74 per foot.
