Fri Dec 01 2023
This week the median list price for Chandler, AZ 85224 is $545,500 with the market action index hovering around 53. This is less than last month's market action index of 59. Inventory has increased to 32.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$545,500|
|Median Price of New Listings||$546,000|
|Per Square Foot||$285|
|Average Days on Market||38|
|Median Days on Market||32|
|Strong Seller's Market|
We continue to see prices in this zip code settled at a plateau. This week prices bumped down a bit but not significantly enough to change the overall outlook. Look for a persistent change (up or down) in the Market Action Index before we see prices significantly deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$649,450||2,589||8,000 - 10,000 sqft||4||3||36||2||0||45|
|$560,000||2,187||6,500 - 8,000 sqft||3||3||31||2||2||35|
|$496,500||1,630||6,500 - 8,000 sqft||3||2||41||1||2||42|
|$457,444||1,544||6,500 - 8,000 sqft||3||2||40||2||4||17|