Navi Title Agency
Chandler, AZ 85248
Single-Family Homes
Here is your weekly Market Update!
Chandler, AZ 85248
Fri Jun 02 2023
This week the median list price for Chandler, AZ 85248 is $634,499 with the market action index hovering around 58. This is an increase over last month's market action index of 55. Inventory has decreased to 70.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $634,499 | |
| Median Price of New Listings | $599,000 | |
| Per Square Foot | $280 | |
| Average Days on Market | 59 | |
| Median Days on Market | 28 | |
| Price Decreased | 51% | |
| Price Increased | 0% | |
| Relisted | 4% | |
| Inventory | 70 | |
| Median Rent | ||
| Market Action | 58 | |
| Strong Seller's Market | ||
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
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 |
|---|---|---|---|---|---|---|---|---|
| $824,900 | 3,166 | 0.25 - 0.5 acre | 4 | 3 | 21 | 2 | 2 | 21 |
| $699,000 | 2,631 | 6,500 - 8,000 sqft | 3 | 2.5 | 25 | 3 | 1 | 42 |
| $596,950 | 2,079 | 6,500 - 8,000 sqft | 2 | 2 | 25 | 4 | 7 | 56 |
| $460,000 | 1,787 | 6,500 - 8,000 sqft | 2 | 2 | 36 | 6 | 9 | 21 |