Chandler, AZ

The Chandler, AZ (85249) housing market is currently stabilizing. While some metrics indicate a deceleration from previous periods of intense competition, others suggest a firming foundation.

The median listing price in 85249 is $744,500, essentially flat year-over-year at -0.3%, despite a 2.0% month-over-month increase. Active listings have decreased significantly by 15.3% year-over-year to 171, accompanied by a 16.7% annual decline in new listings to 60. Median days on market have risen by 9.6% year-over-year to 57 days. The pending ratio has increased by 4.6% annually to 0.49, with 84 pending listings. The share of price-reduced listings is 30.4%, a decrease of 3.3% year-over-year.

The year-over-year decrease in active listings and new listings indicates some inventory pressure. However, the extended median days on market suggests a slower pace of transactions compared to the prior year. The increase in the pending ratio, while modest, points to consistent buyer engagement. Price discipline is becoming more prominent as sellers adjust expectations, as evidenced by the stabilizing median listing price and the reduction in price-reduced share.

The average listing price of $842,088 significantly exceeds the median listing price of $744,500, indicating a segment of higher-priced properties within the market. The median price per square foot is $291, a 1.3% decrease year-over-year.