Chandler, AZ
Real Estate

An In-Depth Look at Chandler Condos

The Chandler condos/townhomes/patio homes market, as of April 14, 2025, shows a mixed picture of dynamics driven by inventory levels, pricing trends, and market activity. Over the past month, the total number of active listings has expanded to 157, a marked increase from 96 listings just three months ago. This uptick in active inventory corresponds with longer Days on Market (DOM), which now sits at an average of 64 days, up from 89 days previously. This indicates a slower selling environment, suggesting that while buyers have more options available, the speed at which properties are being sold has diminished.

Looking at pricing, the average sold price for listings has climbed to $398,485 in the last 30 days, reflecting a shift upward from $390,863 three months ago. This might indicate a level of buyer confidence in the market, despite the increased inventory. However, it's essential to note that the average price per square foot for sold listings currently stands at $293, showing competitive pricing compared to previous periods, particularly with $305 per square foot recorded three months ago.

A crucial indicator of market health is the months of inventory, which now stands at 6.5 months — notably high compared to the 3.2 months just three months ago. Such inventory levels typically suggest a balanced or even slightly buyer-favored market. The rising inventory levels have created an environment where buyers are less pressured to make immediate offers, influencing DOM and potentially leading to price stabilization in the coming months.

In conclusion, while the market landscape for Chandler's condos/townhomes/patio homes is seeing an increase in active listings and competitive prices, the slowing pace of sales is a feature worth noting for both buyers and sellers. Buyers may benefit from broader selections and a less hurried buying experience, while sellers should be prepared to negotiate more effectively in this evolving marketplace.

An In-Depth Look at Chandler Land

As we take a closer look at the land market in Chandler as of April 14, 2025, various metrics reveal significant trends and shifts.

• The current average price for active listings is $841,421. This reflects a recent decline from $983,106 just three months ago, underscoring a 14.4% decrease. This downward price trend signals potential adjustments by sellers adapting to market conditions.
• Active listings have held steady with a slight increase over the past month, remaining at 17. However, this represents a slight increase in competition compared to the previous six months, where the inventory ranged from 9 to 11 listings.
• The average DOM currently stands at 151 days, which has notably increased from 223 days three months ago. This suggests that homes are spending longer periods on the market before securing a contract, indicating a potential cooling off after previous trends of quicker sales.
• The months of inventory are currently at 11.3, a significant jump from 8.3 months six months ago. Typically, a months of inventory figure above six leans toward a buyer's market, providing more negotiating power for buyers as listings accumulate.
• Recently sold properties have also shown variability, with an average sales price of $682,500 noted over the past month. This compares favorably with the two-month snapshot where sales averaged $700,000. While there's a slight decline in the sold price, it maintains a higher standing than the sold price from six months ago at $550,000, indicating that while the market shows a cooling trend, the overall pricing still holds solid.

In summary, the Chandler land market is adjusting to earlier conditions with high inventory levels, longer days on market, and adjusting prices, creating a landscape that buyers should navigate strategically while considering current opportunities and potential flexibilities from sellers eager to close deals.

An In-Depth Look at Chandler Multifamily Dwellings

The Chandler multifamily market, as of April 14, 2025, highlights key shifts that signal notable changes in market dynamics.

• The number of active listings has substantially decreased to 2, a sharp decline from 6 listings three months ago, and just 4 listings six months ago.
• This drop signals the tightening of options for buyers, as months of inventory fell from 4.0 to 2.0 over this timeframe. This decline indicates that properties are moving more quickly, which can foster a competitive environment for potential buyers.
• The average price per square foot for active listings has stabilized at $309, reflecting a more consistent range compared to the average price per square foot of $345 three months ago.
• Interestingly, as unit options have diminished, pending listings have remained at zero, suggesting a holding pattern in market activity. Traditionally, a rise in inventory leads to a corresponding rise in buyer interest; therefore, the current optical environment may present opportunities for sellers to leverage better prices.
• Notably, looking back 12 months, the average sold price for multifamily listings was $395,000, significantly lower than the average price of $601,980 for properties sold just three months ago. Hence, the growing price completions illustrate increasing buyer confidence.
• Sellers in Chandler may find strategic advantages, particularly if they position properties competitively amid falling inventory levels and rising interest from buyers.
• Overall, the trends indicate a market that is currently tilted in favor of sellers, inviting potential pricing strategies that capitalize on the declining inventory levels and stabilized price per square foot.