Lawyers Title Market Report

Chandler, AZ 85224

Single-Family Homes

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Chandler, AZ 85224

Mon Jun 21 2021
This week the median list price for Chandler, AZ 85224 is $420,000 with the market action index hovering around 98. This is about the same as last month's market action index of 98. Inventory has increased to 16. 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 85224

Mon Jun 21 2021
This week the median list price for Chandler, AZ 85224 is $420,000 with the market action index hovering around 98. This is about the same as last month's market action index of 98. Inventory has increased to 16. 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 $420,000
Median Price of New Listings $410,000
Per Square Foot $258
Average Days on Market 6
Median Days on Market 0
Price Decreased 13%
Price Increased 0%
Relisted 0%
Inventory 16
Median Rent $2,195
Market Action 98
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$487,450 1,921 6,500 - 8,000 sqft 3 2 30 1 1 7
$445,000 1,769 6,500 - 8,000 sqft 3 2 39 4 3 0
$393,000 1,563 4,500 - 6,500 sqft 3 2 39 3 3 0
$356,000 1,214 0 - 4,500 sqft 2 2 36 3 3 0