Lawyers Title Market Report

Chandler, AZ 85248

Single-Family Homes

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Chandler, AZ 85248

Mon Jun 21 2021
This week the median list price for Chandler, AZ 85248 is $555,000 with the market action index hovering around 98. This is about the same as last month's market action index of 98. Inventory has decreased to 31. 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 85248

Mon Jun 21 2021
This week the median list price for Chandler, AZ 85248 is $555,000 with the market action index hovering around 98. This is about the same as last month's market action index of 98. Inventory has decreased to 31. 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 $555,000
Median Price of New Listings $599,990
Per Square Foot $270
Average Days on Market 17
Median Days on Market 7
Price Decreased 6%
Price Increased 10%
Relisted 6%
Inventory 31
Median Rent $2,795
Market Action 98
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift 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
$899,000 3,379 0.25 - 0.5 acre 4 3 19 3 3 21
$637,500 2,626 8,000 - 10,000 sqft 3 2 23 5 5 3
$514,900 1,862 6,500 - 8,000 sqft 3 2 23 4 4 17
$324,450 1,456 6,500 - 8,000 sqft 2 2 34 3 3 7