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 February 2023

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 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

-$9,764(-1.9%)

Key Takeaway

Homes in Chandler have sold for 1.9% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $277.5K$270K
-2.7%
2 $375K$371.2K
-1.0%
3 $494K$480K
-2.8%
4 $641.1K$625K
-2.5%
5+ $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
-1.9%
Queen Creek
-2.2%
Tempe
-2.9%
Gilbert
-3.4%

Housing Supply in Chandler, AZ

How many homes are available in Chandler, AZ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
700779+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

# BEDSJan 2024Feb 2024CHANGE
1 78
+14.3%
2 132136
+3.0%
3 250287
+14.8%
4 220239
+8.6%
5+ 91109
+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 2024Feb 2024CHANGE
151207+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chandler, you may be able to get a good deal. 54.6% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
73 Days53 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Chandler has remained consistent over time.

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.

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

Report Updated 18 Days Ago

Newest Listings in Chandler, AZ

Nearby Markets to Chandler, AZ

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