First Arizona Title's Market Report

Chandler, AZ

Single-Family Homes

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



Chandler, AZ

Thu Jan 28 2021
This week the median list price for Chandler, AZ is $519,900 with the market action index hovering around 86. This is an increase over last month's market action index of 85. Inventory has held steady at or around 117. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Chandler, AZ

Thu Jan 28 2021
This week the median list price for Chandler, AZ is $519,900 with the market action index hovering around 86. This is an increase over last month's market action index of 85. Inventory has held steady at or around 117. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Chandler market.
Median List Price $519,900
Per Square Foot $227
Days on Market 55
Price Decreased 26%
Price Increased 10%
Relisted 9%
Inventory 117
Median Rent $2,095
Most Expensive $3,000,000
Least Expensive $247,000
Market Action 86
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
$1,174,000 4,401 0.5 - 1 acre 5 3 17 9 12 94
$580,000 2,509 6,500 - 8,000 sqft 4 2 16 10 12 51
$449,000 2,128 6,500 - 8,000 sqft 2 2 25 9 13 56
$339,900 1,481 4,500 - 6,500 sqft 3 2 31 19 22 19