Is Chandler, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
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.
Housing Prices
How much do homes in Chandler, AZ cost?
Median Sold Price
$504,364
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Chandler have sold for 2% less than they did a year ago.
Summary: The median home sold price in Chandler was $504,364 in August 2023, down 2% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262.5K | $259K | -1.3% |
| 2 Bedrooms | $370.2K | $351K | -5.2% |
| 3 Bedrooms | $480.6K | $471.2K | -2.0% |
| 4 Bedrooms | $624.6K | $614.9K | -1.6% |
| 5+ Bedrooms | $800K | $835K | +4.4% |
Summary: Chandler housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Queen Creek | $589.6K | $578.7K | -1.9% |
| Chandler | $514.8K | $504.3K | -2.0% |
| Gilbert | $562.8K | $549.8K | -2.3% |
| Tempe | $464.8K | $445K | -4.3% |
Housing Supply
How many homes are available in Chandler, AZ?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 626 | 628 | 0.3% |
Summary: The Chandler real estate market had 628 homes for sale in August 2023, a 0.3% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 94 | 100 | +6.4% |
| 3 Bedrooms | 270 | 267 | -1.1% |
| 4 Bedrooms | 180 | 170 | -5.6% |
| 5+ Bedrooms | 77 | 83 | +7.8% |
Summary: The Chandler housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 6.4%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 7.8%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 233 | 212 | -9.0% |
Asking Price vs. Sold Price
109 Homes Were Sold
Under Asking
46 Homes Were Sold
At Asking
57 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chandler, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.
Summary: A total of 212 homes were sold or pending in Chandler in August 2023, down by 9.0% month-over-month. Of the 212 sold homes, 51% were sold under asking, 22% were sold at asking, and 27% were sold over asking.
Days on Market
How long does it take to sell a home in Chandler, AZ?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 36 Days | 40 Days | +9.1% |
Summary: Homes in Chandler had an average of 40 days on market in Aug 2023, up by 9.1% compared to last year.
Breakdown of Home Sale Times
115 Homes Were Sold
Under 30 Days
76 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chandler are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 212 homes were sold in Chandler; 54% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2023 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.