Chandler, AZ

The Chandler 85226 housing market is currently stabilizing. While median listing prices have seen a slight monthly increase, the annual perspective reveals a notable decline. Inventory levels remain contained, yet the pending ratio suggests a more balanced pace of activity compared to the prior year.

Median listing price in 85226 is $522,500, a modest 0.1% increase month-over-month, but a 7.8% decrease year-over-year. Active listings are down 3.1% year-over-year to 62, indicating a constrained supply. However, new listings have seen a significant 42.9% year-over-year increase, suggesting renewed interest from potential sellers. Median days on market remain efficient at 45 days, a slight improvement of 3.2% year-over-year. The price-reduced share has increased by 7.2% year-over-year to 33.1%, suggesting some adjustment in seller expectations. The pending ratio stands at 0.48, a decrease of 15.7% year-over-year, pointing to a less accelerated sales environment than the previous year.

With a pending ratio of 0.48 and a 15.7% year-over-year decline, the market is exhibiting a more moderate pace of transactions. While active listings remain constrained, the notable increase in new listings coupled with a higher price-reduced share suggests that sellers may need to exercise greater price discipline to align with current market conditions. This environment indicates reduced inventory pressure and a more measured decision-making process for both parties.

Within the luxury segment, the average listing price is $542,463, which is 3.8% higher than the median listing price of $522,500. This 9.4% year-over-year decrease in average listing price (compared to a 7.8% decrease in median listing price) indicates a more pronounced adjustment at the higher end of the market. The median price per square foot is $298, reflecting a minimal 0.2% year-over-year increase, suggesting relative stability in per-square-foot valuation despite broader price adjustments.