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Chandler, AZ 85248

Single-Family Homes

Here is your weekly Market Update!


Chandler, AZ 85248

Thu Oct 24 2024
This week the median list price for Chandler, AZ 85248 is $599,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has increased to 121. 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 85248

Thu Oct 24 2024
This week the median list price for Chandler, AZ 85248 is $599,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has increased to 121. 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 $599,000
Median Price of New Listings $602,500
Per Square Foot $296
Average Days on Market 57
Median Days on Market 35
Price Decreased 45%
Price Increased 3%
Relisted 5%
Inventory 121
Median Rent
Market Action 40
Slight Seller's Advantage

Prices in this zip code seem to have settled around a 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
$1,017,500 3,083 8,000 - 10,000 sqft 4 3 22 3 4 42
$699,450 2,271 6,500 - 8,000 sqft 3 3 26 4 7 28
$554,950 1,910 6,500 - 8,000 sqft 2 2 29 7 4 42
$432,000 1,576 6,500 - 8,000 sqft 2 2 38 0 3 28