Here is the most recent Chandler AZ Real Estate Housing Market Report for October 2022:
After increasing last month, the average sales price of Chandler homes has decreased from $663,563 in September to $602,128 in October. This is another sign that the market is slowing in Chandler as we head into the winter months.
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 fifth straight month. The average sales price has dropped from $315/sf in May to $279/sf in October. This is a $10/sf increase from the $268/sf in October of 2021.
The days on market has now also increased for the fifth straight month, going from 20 DOM in May to 55 DOM for October, almost tripling in five months. Homes in Chandler are still selling, but they have certainly slowed down as we enter into the slower housing season.
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 fifth straight month. The average sales price has dropped from $315/sf in May to $279/sf in October. This is a $10/sf increase from the $268/sf in October of 2021.
The days on market has now also increased for the fifth straight month, going from 20 DOM in May to 55 DOM for October, almost tripling in five months. Homes in Chandler are still selling, but they have certainly slowed down as we enter into the slower housing season.
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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