March 2024 Real Estate Update in Chandler

Chandler Housing Market Conditions Updated for March 2024

To reduce data errors results are based on:

• Chandler SOLD single family residences, patio homes, and townhomes (ask us about condos)
• List/sales price under $1,000,000
• Size over 1,000 sq ft.
• Calendar month

Table Explanation

5 YEARS of sales data below will increase your understanding the local housing market (we have city data archived back to January 2008).

Table Explanation

NOTE: we use the term “foreclosure” to describe bank owned homes and short sales because most people are familiar with it. “Distressed Properties” may be more accurate.

• Total Active – # of homes for sale at the beginning of the current month
• Total Sold – # of homes sold in the current month
• % Sold – a ratio of total sold to total active
• MO. INV. – based on total sold, how many months it would take to sell the total “active” inventory
• Sq ft – average square footage of sold homes
• Price – average sales price of sold homes
• DOM – Days On Market, or average days to sale
• $ sq ft – average price per square foot
• +/- List Price – the average dollars received by sellers above or below their average list prices
• Active # Foreclo. – # distressed properties for sale at beginning of month
• % Active Foreclo. – active # distressed properties expressed as a %
• Sold Foreclo. – # distressed properties sold in current month
• % Sold Foreclo. – # distressed properties expressed as a %

About Chandler

State: Arizona
County: Maricopa
Location: Chandler
ZIP or Postal Code(s): 85224, 85225, 85226, 85248, 85249, 85286

Chandler Fast Facts

• 255,635 population in Dec. 2017 making it the 3rd largest city in Metro Phoenix and 4th in the state
• 85 Average High Temperature
• 65 Community and Neighborhood Parks
• 55 Public Art Installations in Downtown Chandler
• 6 Aquatic Centers & Pools
• 71 Square Miles
• 1,212 Feet of Elevation above Sea Level
• 330 Sunny Days a Year

Chandler Unified School District

Chandler Unified serves more than 44,500 students in grades K-12 and encompasses 80 square miles, though not all of the City of Chandler. Academic achievement is a high priority in the district as evidenced by test scores which exceed state and national averages.

Reading, language and mathematics are at the core of students’ education. The district has specific expectations for students in these three basic areas. Academic achievement is a high priority in the district as evidenced by test scores above the state and national averages. Our students consistently score among the top in the state on college-entrance exams.

Because of the outstanding educational programs offered, almost all of the district schools have been cited for excellence by outside organizations, including the Arizona Department of Education and the U.S. Department of Education.

Chandler Fashion Center

Great shopping and great dining are available at the second largest mall in the metropolitan Phoenix area, Chandler Fashion Center. The large, upscale regional mall is anchored by Nordstrom, Macy’s, Dillard’s, Harkins Theatres, Barnes and Noble, Microsoft store, and Apple store along with more than 180 stores. Shoppers will find the Valet service offered at the Porte Cochere very handy.