Glendale was the strongest seller’s market of the five areas we track in September. Buyers paid 102.3% of list price on average — the highest over-asking premium anywhere in the report — and homes went under contract in a median of just 17 days. The median sold price jumped 15.8% to $1,115,000 on 28% more closings than August.
By the numbers
- Median sold price: $1,115,000 (+15.8% MoM) on 38 closings (+28.3%)
- Bidding wars are back: 102.3% sold-to-list ratio (+3.3% MoM), highest of all five areas
- Fastest market: 17 median days on market — half the time of Sunland-Tujunga
- Inventory building but absorbed: 3.58 months of supply (+12.9% MoM, +20.5% YoY); 222 active listings (+7.8%)
- New listings rising: 130 new listings (+9.2%), median list price $1,330,000 (+10.9%)
- Pending demand strong: 55 new pendings (+5.8%), total pending volume up 54.7%
- Estimated values: median $1,282,200 (-2.1% MoM)
What this means for buyers
Glendale is the toughest buy in this month’s report. Paying over asking is the norm, not the exception, and well-priced homes are gone in about two weeks. Come pre-approved, keep contingencies tight, and be ready to move fast — the 17-day median means hesitation costs you the house.
What this means for sellers
This is your market. A 102.3% sold-to-list ratio with rising volume means demand is deep enough to test stronger pricing — and buyers are proving it. With inventory up 20% year-over-year, the edge still belongs to sellers who list now rather than waiting for more competition to arrive.
Among the five areas, Glendale pairs the highest over-asking premium (102.3%) with the fastest sales (17 days) — the clearest seller’s market in the September data, even as Burbank’s median price runs higher.
Buying in Glendale? Get the free buyer’s guide: https://buyer.r3es.com
Thinking of selling? Get the free seller’s guide: https://seller.r3es.com