Chandler, AZ

The Chandler, AZ (85225) housing market in May 2026 is categorized as Accelerated. While displaying some indicators of tempering activity, the market continues to exhibit robust underlying demand.

The median listing price increased by 1.6% month-over-month to $472,500, though it remains down by 4.0% year-over-year. Active listings have seen a substantial reduction of 26.6% year-over-year, to 105 properties, and new listings are also down by 21.1% year-over-year. Median days on market increased by 15.3% year-over-year to 49 days, suggesting a slight moderation in the pace of sales. The median price per square foot is $281, a 5.1% year-over-year decrease.

The pending ratio stands at 0.52, a modest 0.1% decrease year-over-year. This, coupled with the significant year-over-year decline in active listings and new listings, suggests continued inventory pressure. While median days on market have risen, the pace of transactions remains relatively swift given the constrained supply, indicating a market where buyers still face pressure to act decisively. Price discipline for sellers is moderate, influenced by the year-over-year price declines despite month-over-month median listing price growth.

The average listing price of $494,716 exceeds the median listing price of $472,500, suggesting a segment of higher-priced properties in the market. The median price per square foot is $281.