Navi Title Agency

Chandler, AZ 85224

Single-Family Homes

Here is your weekly Market Update!


Chandler, AZ 85224

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. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 85224

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. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $545,500
Median Price of New Listings $546,000
Per Square Foot $285
Average Days on Market 38
Median Days on Market 32
Price Decreased 63%
Price Increased 3%
Relisted 0%
Inventory 32
Median Rent
Market Action 53
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.

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
$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