First Arizona Title's Market Report

Chandler, AZ

Single-Family Homes

First Arizona Title Agency | (480) 385-6500 | www.FirstAZTitle.com



Chandler, AZ

Sat Nov 27 2021
This week the median list price for Chandler, AZ is $560,000 with the market action index hovering around 84. This is less than last month's market action index of 86. Inventory has decreased to 231. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Sat Nov 27 2021
This week the median list price for Chandler, AZ is $560,000 with the market action index hovering around 84. This is less than last month's market action index of 86. Inventory has decreased to 231. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $560,000
Median Price of New Listings $502,450
Per Square Foot $271
Average Days on Market 36
Median Days on Market 21
Price Decreased 33%
Price Increased 5%
Relisted 4%
Inventory 231
Median Rent $2,495
Market Action 84
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$850,000 3,525 0.25 - 0.5 acre 4 3.5 17 15 14 21
$638,950 2,596 8,000 - 10,000 sqft 4 2.5 19 10 21 28
$518,900 1,884 6,500 - 8,000 sqft 3 2 26 16 19 21
$425,000 1,525 6,500 - 8,000 sqft 3 2 37 25 24 7