Table of Content
Our data are designed to capture changes in the value of single-family homes at the city, town and even the neighborhood level. Different neighborhoods within a city or town can have drastically different home appreciation rates. Our data are built upon median house values in each neighborhood, and combine data from the United States Bureau of the Census with quarterly house resale data. The data reflect appreciation rates for the neighborhood overall, not necessarily each individual house in the neighborhood.
And finally, we crowned the city with the worst quality of life index the "Worst Suburb near Glendale." We're lookin' at you, Huntington Park. Back up the highway we go for the third worst Glendale suburb you can live in. While the cost of living is low, your entertainment and work options are limited.
Glendale, AZ Home Values
In November 2022, Glendale home prices were down 1.8% compared to last year, selling for a median price of $390K. On average, homes in Glendale sell after 55 days on the market compared to 27 days last year. There were 187 homes sold in November this year, down from 366 last year. Check out HomeLight’s Quarterly Top Agent Insights report, a national survey of over 500 top real estate agents. Hear what agents are saying across the country and make smarter decisions when buying or selling a home.
In the last 10 years, Glendale has experienced some of the highest home appreciation rates of any community in the nation. Glendale real estate appreciated 265.10% over the last ten years, which is an average annual home appreciation rate of 13.83%, putting Glendale in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Glendale definitely has a track record of being one of the best long term real estate investments in America through the last ten years. A cost of living calculator helps you to assess how much you will need to make in order to live comfortably in a specific city.
What is the Zillow Home Values Index?
As such, NeighborhoodScout does not produce appreciation rates for neighborhoods that consist solely of renters or have no single-family homes . With a population of 248,325, 83,083 total housing units , and a median house value of $359,965, Glendale real estate prices are well above average cost compared to national prices. The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc.
All Information Is Deemed Reliable But Is Not Guaranteed Accurate. The cost of living index for housing estimates the cost of housing in Glendale to be 84.5% of the national average. Glendale is part of Phoenix-Mesa-Scottsdale Metro metro area, which is ranked 160 out of 273 cities across the US in terms of cost of living.
Recently sold homes
For a simple, stress-free transaction, consider selling to pre-approved iBuyers ready to make offers on your home. Get cash offers with HomeLight Simple Sale, the fastest way to sell your home. 80% of Glendale homebuyers searched to stay within the Glendale metropolitan area.
Across the nation, 3% of homebuyers searched to move into Glendale from outside metros. In Sep '22 - Nov '22, 26% of Glendale homebuyers searched to move out of Glendale, while 74% looked to stay within the metropolitan area. The Homes.com Automated Valuation Model provides an estimate of the home value of every on and off market property in the US. Home values in Glendale, AZ are 21%above the median home value in the United States. As we mentioned earlier, the suburbs around Glendale aren't all bad. Hermosa Beach takes the cake as the best place to live around Glendale.
Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. In November 2022, Glendale home prices were down 6.0% compared to last year, selling for a median price of $1.1M. On average, homes in Glendale sell after 42 days on the market compared to 34 days last year. There were 57 homes sold in November this year, down from 102 last year.
Discover and understand more about what you can expect for Glendale, AZ in terms of weather, education levels, income levels and more to get a better feel for the city. The most prevalent building size and type in Glendale are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.89% owning and 45.11% renting. The median home price in Glendale is $370,000 with a median price per sqft of $218.
According to C2ER , the cost of living in Glendale is estimated to be 92.1% of the national average making it an average US city. Are you planning a move to Glendale, AZ and wondering if it is an expensive place to live in? The average homes sell for about 1% below list price and go pending in around 41 days.
All snarkiness aside, Lynwood has the 7th lowest home values in the metro Glendale area, where the median price is $422,200. To put that into perspective, in Hermosa Beach, the median income is $250,001, which is the best in the area. The average overall walking score of neighborhoods in Glendale, AZ is 1.6 which means it is less easy to walk to nearby businesses and points of interest. Since it is less easy to get around town in Glendale, AZ a bike or car will be helpful. The predominate size of homes in the city based on the number of bedrooms.
Additionally, we limited the analysis to places that have over 2,000 people. This left us with a grand total of 82 suburbs to evaluate around Glendale. Rounding out the ten worst Glendale suburbs to call home is South Gate. Not only that, but this is the 12th worst unemployed suburb you can live in if you choose to live near Glendale. And in the world of worst rankings, Huntington Park beat the competition pretty handily thanks to scoring in the bottom 15% in three major categories.
Only mortgage transactions on single-family properties are included. Conventional means that the mortgages are neither insured nor guaranteed by the FHA, VA, or other federal government entity. Relative to Arizona, our data show that Glendale's latest annual appreciation rate is higher than 80% of the other cities and towns in Arizona. The data relating to real estate listings on this website comes in part from the Internet Data Exchange program of Multiple Listing Service of Southern Arizona. Listings provided by brokerages other than Redfin are identified with the MLSSAZ IDX Logo.
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