Here is the most recent Chandler AZ Real Estate Housing Market Report for September 2022:
After decreasing for three straight months the average sales price of Chandler homes has increased from $627,934 in August to $663,563 in September. This is a good sign as we head into the fall, as home prices have decreased in September of the previous three years.
After increasing or remaining the same for 24 consecutive months, the average sales price per square foot of Chandler homes has now decreased for the fourth straight month. The average sales price has dropped from $315/sf in May to $292/sf in September. This is still a $24/sf increase from the $268/sf in September of 2021.
The days on market has now increased for the fourth straight month, going from 20 DOM in May to 49 DOM for September, more than doubling in four months. The DOM had remained at or below 31 since February of 2021. Homes in Chandler are still selling fast, but they have certainly slowed down as we enter the slower housing season this fall.
After increasing or remaining the same for 24 consecutive months, the average sales price per square foot of Chandler homes has now decreased for the fourth straight month. The average sales price has dropped from $315/sf in May to $292/sf in September. This is still a $24/sf increase from the $268/sf in September of 2021.
The days on market has now increased for the fourth straight month, going from 20 DOM in May to 49 DOM for September, more than doubling in four months. The DOM had remained at or below 31 since February of 2021. Homes in Chandler are still selling fast, but they have certainly slowed down as we enter the slower housing season this fall.
Click on the image below to read the full article and see what is going on in the Chandler Arizona real estate market.
Feel free to reach out to me if you have any questions about buying a home, selling your home, or investing in the Chandler, AZ or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.
"Real Estate is not just a job for me,
it's about making a difference in the lives of others"
Troy Erickson Realtor | Call/Text: 602-295-6807 | TroyEricksonRealtor@gmail.com
Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
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