Chandler Multifamily Market Overview
Chandler Multifamily Market Highlights
As of May 5, 2025, the multifamily market in Chandler shows notable adjustments in several key metrics as it navigates through ongoing economic dynamics.
- Over the past month, the number of active listings has climbed to 5, a significant increase compared to just 1 active listing three months ago.
- The average price for these active listings sits at $549,700, which may hint at shifting pricing strategies amid fluctuating supply levels.
- Meanwhile, sold prices have seen a drop, averaging $455,000, up from $635,938 three months ago, reflecting the cooling demand.
- Lastly, homes are taking longer to sell, with an average Days on Market of 80 days, up from 239 days three months ago, revealing a more cautious market environment.
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Chandler Multifamily Market Report
An In-Depth Look at the Chandler Multifamily Market
In-depth analysis of the Chandler multifamily housing market reveals critical trends shaping buyer and seller strategies. Over the past month, the total number of active listings has risen to 5, a substantial jump from only 1 listing recorded three months ago. This increase suggests that more sellers are entering the market, likely in response to shifting buyer interest or competitive pressures.
The average price for these active multifamily listings currently stands at $549,700, indicating a noticeable adjustment in price strategy from the $649,900 average three months ago. This price shift reflects a wider response to current economic conditions, where buyers might be increasingly price-sensitive.
Additionally, the sold price for listings has decreased significantly over the same period. Recently sold properties average $455,000, down from $635,938 in February. This decline of 28% may indicate that buyers are exercising negotiation power, thereby adjusting their expectations regarding market pricing.
Moreover, the Days on Market (DOM) metric has increased dramatically. Homes now sit an average of 80 days on the market compared to 239 days three months ago. Such a lengthy DOM typically signals that buyers are taking more time to assess their options, leading to a more deliberate purchasing process.
Another influencing factor is the months of inventory, which currently stands at 5.0 months, a period that indicates a shift toward a balanced market. This contrasts sharply with the dangerously low 0.3 months of inventory just three months ago, hinting at a previous, frenzied buying environment where listings sold almost instantaneously.
These metrics paint a picture of a Chandler multifamily market that is undergoing a transition. Buyers now have a wider array of options to choose from, while sellers may need to adjust expectations regarding pricing and timelines for sales. Buyers may capitalize on the current conditions by negotiating offers or targeting properties that have been on the market for longer periods. Conversely, for sellers, understanding this new landscape is essential; pricing competitively and being prepared for longer negotiation periods will be key strategies moving forward.
Brian Adamski, Realtor
Chandler Area Expert | Your Journey, My Priority
480-405-1265
