First Integrity Title Market Report

Chandler, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372


Chandler, AZ

Mon Dec 04 2023
This week the median list price for Chandler, AZ is $440,000 with the market action index hovering around 46. This is less than last month's market action index of 53. Inventory has decreased to 49. 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 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 Dec 04 2023
This week the median list price for Chandler, AZ is $440,000 with the market action index hovering around 46. This is less than last month's market action index of 53. Inventory has decreased to 49. 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 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 $440,000
Median Price of New Listings $300,000
Per Square Foot $308
Average Days on Market 61
Median Days on Market 49
Price Decreased 53%
Price Increased 2%
Relisted 2%
Inventory 49
Median Rent
Market Action 46
Strong Seller's Market

The market appears to be 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
$537,500 1,459 0 - 4,500 sqft 2 2 4 0 2 91
$459,000 1,821 0 - 4,500 sqft 2 2.5 6 0 0 49
$400,500 1,543 0 - 4,500 sqft 2 3 24 1 2 35
$289,999 891 0 - 4,500 sqft 2 2 37 1 4 42