To remain a Glendale real estate expert, I analyze monthly housing numbers. Let’s dive into the Glendale housing market for March 2023. Last month, thirty-six homes were sold. Fifteen homes sold over the asking price. A fixer with views on Melwood listed at $1,995,000 and sold for $2,750.000. Two homes were sold at the asking price, and seventeen were less than the list price. The absorption rate is extremely low, indicating the market is favoring Glendale home sellers.
The least expensive home sold was a two-bedroom, one-bathroom, 624-square-foot home located at 475 Burchett St. sold before going in the Multiple Listing Service for $870,000. The most expensive Glendale home sold was a five-bedroom, five-bathroom, 4,231 square-foot home located at 1025 W. Mountain. Initially listed for $4,290,000, and eventually sold for $3,900,000 after sixty-seven days.
When examining the Glendale housing market for March 2023, it’s interesting to look at the average price per square foot. The average price per square foot varied greatly. The 624-square-foot home on Burchett was on the high end, selling for $1,394.23 per square foot. On the low end was a 2809 square foot home on Del Court Place selling for just $445.00 per sq. foot.
