Chandler, AZ
Real Estate

An In-Depth Look at Chandler Condos

The Chandler condo/townhome market, as of March 16, 2025, provides an extensive outlook on how recent trends are shaping the area.

The increase in active listings to 148 over the past month represents a marked uptick compared to just 96 listings three months ago. This rise in inventory may suggest a response to changing buyer demand or seasonal shifts in the market. The significant days on market (DOM) average of 72 days, up from 40 days three months earlier, highlights a slowdown in sales velocity, potentially leading to a more negotiable environment for buyers.

Analyzing the average sold prices, we observe a slight increase to $396,796 from an average of $390,863 three months ago. This reflects growing buyer confidence against a backdrop of increasing inventory. Notably, the sold prices and average list prices for active listings are markedly close, implying competitive yet cautious pricing strategies as buyers navigate their options.

The months of inventory figure has risen to 5.8, which indicates a shift towards a more balanced market but could also be an early signal of a buyer's market if trends persist. Today's market conditions show that while buyers have a broader selection, sellers may need to adjust expectations regarding sale timelines and pricing.

For potential sellers, it's advisable to consider pricing strategies that align with this lengthening DOM and increasing inventory. As we navigate to the future, maintaining flexibility with asking prices can create a competitive edge in a market that is witnessing these changes. Buyers, conversely, could navigate this landscape effectively by considering properties that have been on the market longer, as they may find opportunities for negotiation.

Overall, the Chandler condo/townhome market exemplifies the ebbs and flows characteristic of real estate, where data-driven insights empower buyers and sellers alike in their decision-making process.

An In-Depth Look at Chandler Land

The current landscape in the Chandler land market, as of March 16, 2025, showcases a blend of varying trends that may impact buyers and sellers alike.

• Active Listings: Recently, the market has 17 active listings over the past month, a slight decrease from 18 listings recorded three months ago. This trend in active inventory is indicative of reduced new listing activity, showing fewer options for buyers. Historically, this number fluctuated depending on demand characteristics, previously reaching 11 active listings six months ago, which points to some shifts in market dynamics.

• Months of Inventory: The months of inventory stands at 8.5, indicating a relatively high level when assessing against historical data. For instance, this figure was much higher at 18 months just three months ago, and only 8.3 months six months ago. This fluctuation suggests that while inventory levels may be stabilizing, demand may still be inconsistent, particularly in a market where buyers feel cost pressures.

• Days on Market: The average DOM, currently at 147 days, reflects a lengthened timeframe for sales compared to the more brisk pace of 223 days three months ago. This increase hints at a market where buyers are taking longer to make decisions, potentially due to economic factors like fluctuating interest rates or broader market uncertainties. Notably, even the historical trend shows variability, as the DOM extended dramatically to 324 days six months ago, emphasizing the volatility and slower sales pace during that period.

• Pricing Trends: The average sold price has recently edged up to $885,000 over the past 30 days, significantly higher compared to the average sales price of $700,000 three months prior. This represents a 26.4% gain, underscoring a potential resurgence in buyer confidence, even amid higher months of inventory. Comparatively, over last month, the sold price per square foot averages $19, which is reflective of a compressed pricing pattern as homes are still being sold under their original asking prices.

These metrics collectively illustrate a complex yet evolving picture in the Chandler land market. Buyers may want to navigate these trends cautiously, as a greater number of active listings relative to pending and sold properties may provide negotiation opportunities, but longer DOM signifies the need for patience in decision-making. Conversely, sellers might need to consider pricing strategies that attract potential buyers amidst this fluctuating market, adjusted to market conditions and ongoing economic indicators.

An In-Depth Look at Chandler Multifamily Dwellings

The Chandler multifamily real estate market presents a focal point for understanding broader trends in the industry. Currently, the market is experiencing compelling shifts, characterized notably by a significantly low inventory level, which has decreased to just 1 active listing over the past month. This marks a stark contrast from the 6 active listings observed three months ago, indicative of a drastic reduction in options for buyers.

The average sales price has notably risen to $635,938, reflecting an increase from $601,980 just three months prior. This trend highlights a growing demand among buyers despite the limited availability of properties, indicating that the market may be favoring sellers in certain pricing segments.

However, while prices are being driven upward, the average days on market (DOM) for sold listings has risen to 134 days, up from 56 days three months ago. This trend suggests that properties are taking longer to sell despite the escalating prices, pointing towards a potential cooling of market velocity. Buyers may be exercising greater caution in their purchases, allowing the extended DOM to serve as a negotiating tool by pushing for better prices as they weigh their options.

Moreover, the months of inventory metric currently stands at an extremely low 0.5 months, a clear indication that available listings are limited. This metric implies that if no new properties were introduced, the current inventory would be depleted in a mere two weeks, reinforcing the competitive landscape for potential buyers. However, this also reveals a significant challenge as low inventory levels can lead to price surges, which some buyers may find unsustainable, especially given the changing interest rates and economic conditions.

Comparatively, this situation is a marked change from the past year, specifically 12 months ago, when months of inventory measured 4.0 months. The contrast illustrates the stark transition in seller dynamics within the Chandler area—shifting from a more balanced market to one where supply considerably lags behind demand.

In essence, the Chandler multifamily market is navigating through a complex interplay of limited inventory and varying buyer sentiment, creating both opportunities and challenges. Sellers may well benefit from pricing strategies that acknowledge the high demand, while buyers should be cautious in navigating this landscape, looking for value amid rising prices and longer wait times.