Chandler Condos

Chandler Condos Market Highlights

As of Jul 18, 2025, the condo, townhome, and patio home market in Chandler is indicating noteworthy shifts in inventory levels and pricing dynamics.

• Currently, active listings have expanded to 145, up from just 57 six months ago.
• The average DOM has increased to 75 days, suggesting a slower pace of sales compared to 51 days three months ago.
• The average sold price has dipped slightly to $346,781, reflecting a decrease in buyer competitiveness in recent months.

An In-Depth Look at the Chandler Condos Market

The current conditions in the Chandler condo, townhome, and patio home market reveal several critical trends affecting both buyers and sellers.

• The most significant change has been in the inventory levels, which have climbed to 145 active listings, a substantial increase from 57 just six months ago. This shift suggests greater supply in the market, which historically may give buyers more choices and potentially enhance their negotiating power.

• Furthermore, the average Days on Market (DOM) has risen to 75 days, compared to 51 days three months ago. An increased DOM typically reflects a cooling market, where properties take longer to sell, often due to higher inventory levels.

• In terms of pricing, the average sold price has declined to $346,781 from $370,444 six months ago, indicating potential softening in demand as buyers reassess their purchasing power amidst economic fluctuations.

• The sold price to original list price percentage stands at an impressive 99%, suggesting that homes that do sell are still pretty much achieving their asking prices, but these figures reflect past deals and may not fully represent current market sentiment.

• Looking back, three months ago, 40 properties sold at an average price of $358,307, while the sold price averaged $370,444 six months prior, suggesting a developing trend where buyers may need to be more flexible with offers.

• The market now sees an average price per square foot for sold properties at $288, marking a shift downward compared to the more robust $296 average found six months ago. This trend could signal that buyers are adjusting their expectations and can be linked to the elevated DOM.

To sum up, with inventory levels reflecting a growth from 112 listings just three months ago, homebuyers in Chandler may discover more options as they navigate the market, while sellers could need to adjust strategies by considering price reductions or faster turnovers if delays continue. The shift suggests a balanced environment, where buyers have the opportunity for negotiation but are also encouraged to act swiftly on desirable properties.