October 2024 Chandler Housing Market Report

Source for monthly Chandler Housing Market Report by Realtors serving Chandler, AZ. Information is power. Facts not fiction from the Arizona Regional Multiple Listing Service (ARMLS).

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LISTINGS TO BEGIN OCTOBER and SEPTEMBER RESULTS

(Table may require a swipe left on mobile device)

Strong Buyer's Market

Buyer's Market

Balanced

Seller's Market

Strong Seller's Market

On a price per-square foot average (see charts below):

• At $282 per-square in August, prices are down $8 from August, up +$6 from last September, and down $12 from their peak in May '22
  

• Last month, sellers received an average of -$8,851 less than their asking prices
  

• October 2024 began with 411 listings, which is 171% of the 3 year average of 241  (from 2021-2023)
  

• September had 163 sales, or 60% of the 3 year average of 271 (from 2021-2023)  

• Chandler is currently turning over housing inventory once every 2.2 months
  

• Days on market for sold homes are currently 53
  

• Bank-owned properties and short sales make up only 0.6% of all Chandler sales

Chandler Housing Market Report Updated in October 2024

To reduce data errors results are based on:

1. Chandler SOLD single family residences, patio homes, and townhomes (ask us about condos)

2. List/sales price under $1,000,000

3. Size over 1,000 sq ft.

4. Calendar month

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

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 Table Explanation

(Table may require a swipe left on mobile device)

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Month	Total Active	Total Sold	% Sold	MO. INV.	Sq ft	Price	DOM	$$ sq ft	+/- List Price
Oct-24	411
Sep-24	352	163	46.3%	2.2	1,997	$562,587	53	$282	-$8,851
Aug-24	341	190	55.7%	1.8	1,911	$553,692	40	$290	-$5,931
Jul-24	337	209	62.0%	1.6	2,069	$580,834	40	$281	-$8,470
Jun-24	285	218	76.5%	1.3	2,110	$586,575	40	$278	-$8,336
May-24	251	261	104.0%	1.0	2,013	$574,107	42	$285	-$6,372
Apr-24	239	204	85.4%	1.2	1,995	$569,360	49	$285	-$8,444
Mar-24	251	211	84.1%	1.2	2,022	$564,539	40	$279	-$6,294
Feb-24	241	189	78.4%	1.3	2,054	$560,764	51	$273	-$7,654
Jan-24	228	134	58.8%	1.7	1,927	$533,994	45	$277	-$8,397
Dec-23	265	136	51.3%	1.9	2,068	$571,310	43	$276	-$10,170
Nov-23	256	150	58.6%	1.7	2,058	$567,310	42	$276	-$6,568
Oct-23	203	152	74.9%	1.3	2,056	$580,188	44	$282	-$8,833
Sep-23	168	141	83.9%	1.2	2,004	$553,366	37	$276	-$2,173
Aug-23	128	188	146.9%	0.7	1,925	$537,265	39	$279	-$3,002
Jul-23	124	211	170.2%	0.6	2,030	$561,195	33	$276	-$2,223
Jun-23	166	243	146.4%	0.7	2,025	$559,858	37	$276	-$5,764
May-23	181	250	138.1%	0.7	1,952	$539,362	55	$276	-$6,130
Apr-23	214	219	102.3%	1.0	2,058	$552,236	63	$268
Mar-23	364	261	71.7%	1.4	1,980	$519,995	70	$263
Feb-23	335	190	56.7%	1.8	1,966	$518,746	72	$264
Jan-23	392	161	41.1%	2.4	2,084	$534,738	64	$257
Dec-22	468	207	44.2%	2.3	2,035	$528,696	68	$260
Nov-22	555	155	27.9%	3.6	2,068	$536,263	63	$259
Oct-22	586	210	35.8%	2.8	2,041	$538,747	55	$264
Sep-22	593	261	44.0%	2.3	2,018	$550,498	47	$273
Aug-22	605	244	40.3%	2.5	1,928	$541,184	37	$281
Jul-22	465	216	46.5%	2.2	1,994	$573,541	29	$288
Jun-22	309	268	86.7%	1.2	2,001	$584,616	19	$292
May-22	158	306	193.7%	0.5	2,023	$594,089	19	$294
Apr-22	94	316	336.2%	0.3	2,022	$593,181	24	$293
Mar-22	87	344	395.4%	0.3	1,986	$570,155	24	$287
Feb-22	116	287	247.4%	0.4	2,019	$560,981	26	$278
Jan-22	141	240	170.2%	0.6	1,994	$528,628	30	$265
Dec-21	164	343	209.1%	0.5	2,056	$538,148	28	$262
Nov-21	207	373	180.2%	0.6	1,994	$525,434	26	$264
Oct-21	217	385	177.4%	0.6	2,037	$519,645	30	$255
Sep-21	187	412	220.3%	0.5	2,000	$512,541	23	$256
Aug-21	213	365	171.4%	0.6	2,071	$517,201	20	$250
Jul-21	125	358	286.4%	0.3	2,077	$522,852	19	$252
Jun-21	124	414	333.9%	0.3	2,053	$502,844	19	$245
May-21	78	375	480.8%	0.2	2,077	$489,699	19	$236
Apr-21	84	387	460.7%	0.2	2,174	$496,444	20	$228
Mar-21	119	386	324.4%	0.3	2,153	$476,140	21	$221
Feb-21	112	309	275.9%	0.4	2,046	$441,419	25	$216
Jan-21	90	284	315.6%	0.3	2,149	$439,673	35	$205

Table Explanation for Scottsdale Housing Market Report

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.

1. Total Active – # of homes for sale at the beginning of the current month

2. Total Sold – # of homes sold in the current month

3. % Sold – a ratio of total sold to total active

4. MO. INV. – based on total sold, how many months it would take to sell the total “active” inventory

5. Sq ft – average square footage of sold homes

6. Price – average sales price of sold homes

7. DOM – Days On Market, or average days to sale

8. $ sq ft – average price per square foot

9. +/- List Price – the average dollars received by sellers above or below their average list prices

Chandler Housing Market Report