Pango Group

Chandler, AZ

Single-Family Homes

www.pangogroup.com



Chandler, AZ

Mon Oct 07 2024
This week the median list price for Chandler, AZ is $619,999 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has increased to 496. 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.

Slight Seller's Advantage

Market Narrative

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

Mon Oct 07 2024
This week the median list price for Chandler, AZ is $619,999 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has increased to 496. 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.

Slight Seller's Advantage

Market Narrative

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 $619,999
Median Price of New Listings $569,000
Per Square Foot $296
Average Days on Market 57
Median Days on Market 35
Price Decreased 51%
Price Increased 4%
Relisted 5%
Inventory 496
Median Rent
Market Action 42
Slight Seller's Advantage

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
$1,049,500 3,773 0.25 - 0.5 acre 5 4 20 10 11 42
$725,500 2,573 8,000 - 10,000 sqft 4 3 23 21 11 35
$559,000 1,971 6,500 - 8,000 sqft 3 2 28 15 17 42
$450,000 1,488 6,500 - 8,000 sqft 3 2 35 27 27 21