Pango Group

Chandler, AZ

Single-Family Homes

www.pangogroup.com



Chandler, AZ

Sun Mar 03 2024
This week the median list price for Chandler, AZ is $599,999 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has increased to 329. 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

Sun Mar 03 2024
This week the median list price for Chandler, AZ is $599,999 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has increased to 329. 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 $599,999
Median Price of New Listings $604,250
Per Square Foot $288
Average Days on Market 58
Median Days on Market 35
Price Decreased 48%
Price Increased 3%
Relisted 6%
Inventory 329
Median Rent
Market Action 47
Strong Seller's Market

The market is 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
$957,500 3,517 0.25 - 0.5 acre 4 4 20 15 9 38
$674,995 2,444 8,000 - 10,000 sqft 4 3 24 14 11 28
$559,450 1,940 6,500 - 8,000 sqft 3 2 27 13 15 42
$425,000 1,368 6,500 - 8,000 sqft 2 2 31 16 19 35