Arizona's Most Current Market Reports

Chandler, AZ

Single-Family Homes

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Chandler, AZ

Fri Oct 15 2021
This week the median list price for Chandler, AZ is $589,900 with the market action index hovering around 90. This is less than last month's market action index of 94. Inventory has increased to 227. Click here to stay informed with the Chandler market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Chandler, AZ

Fri Oct 15 2021
This week the median list price for Chandler, AZ is $589,900 with the market action index hovering around 90. This is less than last month's market action index of 94. Inventory has increased to 227. Click here to stay informed with the Chandler market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Chandler market.
Median List Price $589,900
Median Price of New Listings $569,500
Per Square Foot $264
Average Days on Market 35
Median Days on Market 14
Price Decreased 34%
Price Increased 7%
Relisted 7%
Inventory 227
Median Rent $2,395
Market Action 90
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$854,009 3,573 0.25 - 0.5 acre 4 3 18 22 14 24
$650,000 2,666 8,000 - 10,000 sqft 4 3 19 15 18 21
$545,000 2,049 6,500 - 8,000 sqft 3 2 20 17 13 14
$434,900 1,452 4,500 - 6,500 sqft 3 2 35 26 28 7