Is Chandler, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chandler is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Chandler has remained a Seller's Market.

Key Takeaway

Chandler is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Chandler, AZ cost?

Median Sold Price

$497,588

$277/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$97,794(+24.5%)

Key Takeaway

Homes in Chandler have sold for 24.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $173.4K$252.5K
+45.6%
2 $282.1K$352.8K
+25.0%
3 $365K$465K
+27.4%
4 $487.4K$600.9K
+23.3%
5+ $625K$776K
+24.2%

Median Sold Price Compared To Nearby Cities

Gilbert
+28.4%
Queen Creek
+25.4%
Tempe
+25.0%
Chandler
+24.5%

How many homes are available in Chandler, AZ?

Number of Homes For Sale

Apr 2022May 2022%
9621,015+5.5%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 139
-30.8%
2 174166
-4.6%
3 379400
+5.5%
4 276307
+11.2%
5+ 120133
+10.8%

Number of Homes Sold

Apr 2022May 2022%
354315-11.0%

Asking Price vs. Sold Price

62 Homes Were Sold
Under Asking

55 Homes Were Sold
At Asking

198 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chandler, you could pay more than the asking price. 62.9% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
21 Days19 Days-6.2%

Breakdown of Home Sale Times

227 Homes Were Sold
Under 30 Days

84 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chandler are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Chandler, AZ

Homes for sale in Chandler, AZ have reached 1,015. The number of homes for sale in Chandler, AZ increased by 5.5% between April 2022 and May 2022. The median list price of listings available in May 2022 was $497,588, while the average time on the real estate market was 19 days. Listing prices have changed in this real estate market between April 2022 and May 2022: prices of 1 bedroom properties increased by 45.6%, the cost of 2 bedrooms properties went up by 25%, prices of 3 bedrooms properties went up by 27.4%, 4 bedrooms properties became 23.3% more expensive, prices of 5 bedrooms properties went up by 24.2%. This housing market inventory have changed: 1 bedroom homes became 30.8% less available, number of 2 bedrooms homes decreased by 4.6%, 3 bedrooms homes became 5.5% more available, the quantity of 4 bedrooms homes went up by 11.2%, the quantity of 5 bedrooms homes went up by 10.8%. Over 198 listings were sold over their listed price in May 2022 in Chandler, AZ. In the same period over 62 listings were sold below the listed price and 55 listings were sold for the listed price.

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