Chandler Multifamily

Chandler Multifamily Market Highlights

As of Jul 10, 2025, the multifamily market in Chandler is experiencing fluctuating dynamics that impact both buyers and sellers.

• Currently, there are 3 active listings with an average price of $632,633, which reflects an increase compared to active listings 6 months ago.
• The average days on market (DOM) for these active listings is 149 days, indicating a relatively slower sales pace.
• With only 2 months of inventory available, the current inventory levels suggest a competitive environment for buyers.

An In-Depth Look at the Chandler Multifamily Market

The multifamily market in Chandler, as of Jul 10, 2025, offers a nuanced picture of current conditions when compared to historical trends.

• The number of active listings has climbed from just 1 listing six months ago to 3 listings today, indicating a growing supply in a market previously characterized by significantly lower inventory.
• Interestingly, the average price per square foot for active listings stands at $829, which underscores a considerable rise from only $382 per square foot six months ago, reflecting potential price adjustments or enhancements in property features.
• Despite the increased inventory, the average DOM of 149 days suggests that homes are taking longer to sell. This is a notable increase from 131 days three months ago, hinting at potential hesitance among buyers, perhaps due to rising interest rates or economic uncertainty.
• Additionally, the months of inventory currently being 2.0 suggest that the market is leaning slightly towards sellers, although the longer DOM indicates buyers may still exercise negotiation power.
• For the sold listings, the average sold price has recently decreased to $398,000, down from $455,000 three months ago, which might reflect buyers now having more choices with the recent increase in active listings.
• The comparison of sold prices to original list prices shows a slight discount, with sold listings achieving 94% of their original list prices, which indicates potential price reductions as sellers strive to attract buyers in a competitive landscape.
• Overall, while there is a rising number of active listings and changing price dynamics, the market still balances competition with slower sales activity, making this an intriguing time for both buyers and sellers to evaluate their strategies effectively.