Chandler, AZ

The Chandler, AZ (85286) market is presently in an Accelerated condition. While the median list price shows modest appreciation, the pending ratio indicates sustained demand. Key metrics suggest a market characterized by a balance of increasing new supply and ongoing buyer interest.

The median listing price in 85286 stands at $659,950, reflecting a 0.8% MoM increase and a 3.1% YoY gain, indicating steady, if not rapid, price appreciation. Active listings have decreased by 10.5% YoY to 102 units, while new listings have seen a 9.1% YoY increase to 48 units, suggesting a replenishing but still constrained supply environment. Median days on market have extended to 52, a 20.9% YoY increase, pointing to a slightly slower pace of transactions compared to the previous year. The median price per square foot is $290, up 1.5% YoY. The share of price-reduced listings has decreased by 3.8% YoY to 28.7%, indicating improving price discipline among sellers.

The pending ratio of 0.54, a 3.9% YoY increase, signals a notable level of buyer engagement relative to available inventory. Despite the rise in days on market, the increase in pending activity suggests that properties are still moving, albeit at a measured pace. The year-over-year decrease in active listings alongside an increase in new listings points to persistent, but not overwhelming, inventory pressure. This environment requires price discipline from sellers to align with buyer expectations and maintain transactional velocity.

Within the 85286 market, the average listing price of $745,829 is notably higher than the median listing price of $659,950, resulting in a spread of $85,879. This delta, coupled with a median price per square foot of $290, suggests continued premium pricing at the higher end of the market segment.