Chandler Market Report
Welcome to the October 2022 Chandler, Arizona Market Report. Chandler is considered to be in the East Valley and has a population of 279,458. The average home price in the month of October for Chandler was $550,455, down $52,943 from the previous month of September. The average lease price per square foot in Chandler listed on the MLS was $1.33 in October, up from $1.31 in September, showing that rent prices have yet to decline in the Chandler area.
The total number of Chandler homes sold in October was 250, down 53 sales from 303 in September. This has also been a common theme throughout the valley and is consistent with the time of year.
It took homes in Chandler an average of 56 days to go under contract in October, which is 9 days longer than it took in September, at 47 days. As you can see from the chart, Chandler has stayed relatively consistent from January 2021 through July 2022. August is really when we see the trend shifting upward, as it is a common theme throughout the valley.
Chandler is in line with the rest of the valley and has joined the Buyer’s Market Club. With a $550k average sales price, Chandler, Arizona, is ranked among the higher tier and one the more expensive cities in the Phoenix Metro. This lines up with historical trends while considering Chandler’s prime location within the valley.