Old Republic Title Market Report

Chandler, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Chandler, AZ

Wed Sep 22 2021
This week the median list price for Chandler, AZ is $591,000 with the market action index hovering around 94. This is less than last month's market action index of 97. Inventory has decreased to 195. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Chandler, AZ

Wed Sep 22 2021
This week the median list price for Chandler, AZ is $591,000 with the market action index hovering around 94. This is less than last month's market action index of 97. Inventory has decreased to 195. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Chandler market.
Median List Price $591,000
Median Price of New Listings $562,000
Per Square Foot $258
Average Days on Market 30
Median Days on Market 14
Price Decreased 29%
Price Increased 7%
Relisted 4%
Inventory 195
Median Rent $2,500
Market Action 94
Strong Seller's Market

While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$850,000 3,486 0.25 - 0.5 acre 4 3 18 9 8 28
$655,000 2,854 8,000 - 10,000 sqft 4 2 19 15 12 14
$524,000 2,040 6,500 - 8,000 sqft 3 2 25 18 17 7
$424,900 1,514 4,500 - 6,500 sqft 3 2 36 16 25 7