Let’s dive into the Glendale Real Estate Update for October 2024. Thirty-two homes closed escrow last month. Buyers purchased eighteen of these homes over the asking price, two at the asking price, and twelve below it. A four-bedroom, three-bathroom home at 799 Foxkirk Road sold for $556.39 per square foot, while a three-bedroom, two-bathroom home at 738 Burchett Street sold for $1,066.91 per square foot.
The least expensive home sold in Glendale was a three-bedroom, one-bathroom, 1,298-square-foot home located at 1412 E. California Ave. It was listed for $675,000 and sold in three days for $700,000. The most expensive sale was a six-bedroom, eight-bathroom, 5,696-square-foot home at 2126 Rimcrest Dr. The sellers listed it for $4,595,000, and it took eighty-eight days to sell for $3,900,000.
The number of days on the market ranged from 3 to 104 for a home on Cortez. The seller listed for $3,450,000 and sold it for $3,100,000. Three Glendale homes sold for under $1,000,000, twenty homes sold between $1,000,000 and $2,000,000, six homes sold between $2,000,000 and $3,000,000, and two homes sold over $3,000,000.
From Core Logic: The HPI Forecast predicts home prices will decline by 0.1% from September to October 2024. However, on a year-over-year basis, prices will rise by 2.3% from September 2024 to September 2025.
