Is Chandler, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Chandler has remained a Seller's Market.
Housing Prices in Chandler, AZ
How much do homes in Chandler, AZ cost?
Median Sold Price
$516,876
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Chandler was $516,876 in February 2024, down 1.9% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $277.5K | $270K | -2.7% |
2 Bedrooms | $375K | $371.2K | -1.0% |
3 Bedrooms | $494K | $480K | -2.8% |
4 Bedrooms | $641.1K | $625K | -2.5% |
5+ Bedrooms | $845K | $875K | +3.6% |
Summary: Chandler housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes decreased by 1%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
Chandler | $526.6K | $516.8K | -1.9% |
Queen Creek | $613.5K | $600K | -2.2% |
Tempe | $469.6K | $455.7K | -2.9% |
Gilbert | $579.6K | $560K | -3.4% |
Housing Supply in Chandler, AZ
How many homes are available in Chandler, AZ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
700 | 779 | +11.3% |
Summary: The Chandler real estate market had 779 homes for sale in February 2024, a 11.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 132 | 136 | +3.0% |
3 Bedrooms | 250 | 287 | +14.8% |
4 Bedrooms | 220 | 239 | +8.6% |
5+ Bedrooms | 91 | 109 | +19.8% |
Summary: The Chandler housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 19.8%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
151 | 207 | +37.1% |
Asking Price vs. Sold Price
113 Homes Were Sold
Under Asking
48 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Summary: A total of 207 homes were sold or pending in Chandler in February 2024, up by 37.1% month-over-month. Of the 207 sold homes, 55% were sold under asking, 23% were sold at asking, and 22% were sold over asking.
Days on Market for Chandler, AZ
How long does it take to sell a home in Chandler, AZ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
73 Days | 53 Days | -27.6% |
Summary: Homes in Chandler had an average of 53 days on market in Feb 2024, down by 27.6% compared to last year.
Breakdown of Home Sale Times
77 Homes Were Sold
Under 30 Days
94 Homes Were Sold
In 30 - 90 Days
36 Homes Were Sold
Over 90 Days
Summary: During February 2024, 207 homes were sold in Chandler; 37% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.