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May 2020 Chandler AZ Housing Market Update

Chandler AZ Real Estate Housing Market Update

Chandler AZ Real Estate Housing Market Update

📈 May 2020 Chandler AZ Housing Market Trends Report, Statistics and House Value

Here are May 2020 Chandler AZ Housing Market Update for Single Family Home. Be sure to Contact Us, if you have any questions about this report or about how the market is performing. This report includes MLS data for the past 12 months for Chandler AZ as 6/6/2020, provided by the FlexMLS system.

May 2020 Chandler AZ Housing Market Update Highlight
  • New listings homes for sale had decreased about 28.0% compare from May 2019
  • May 2020 average sold price for single family home in Chandler was $411,200, that is about 6.7% increased from a year ago
  • Chandler AZ single family home median sold price in May was $358,000, that is about 2.3% increased from May 2019
  • Almost all of Single Family Homes sold in May 2020 are Traditional Sale
  • Most expensive home sold in May 2020 Chandler AZ was sold for $1,350,000

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May 2020 Chandler AZ Closed Sales Report Analysis

Based May 2020 statistic, we saw 299 single family homes sold in Chandler AZ compare to 438 in May 2019. That is about 31.7% decreased of number of homes sold from a year ago.

The Days on Market (DOM) in May 2020 was 33 days compare to 54 days in May 2019. It average took only 33 days to get a single family home in Chandler AZ sold in May 2020.

Chandler AZ May 2020 Median Sold Price Analysis

May 2020 median sold price for single family homes in Chandler AZ was $358,000. Median sold price in May 2019 was $350,000. Compare to a year ago, the median sold price for single family home in Chandler is about 2.3% increased from May 2019.

May 2020 Chandler Median Sold Price was $358,000
Click here to View Homes for Sale in Chandler Under $350,000

2020 May Chandler AZ Average Sold Price Analysis

Average sold price for single family homes in May 2020 was $411,200. Compare to last year, average sold price was $385,266. The average sold price for single family home in Chandler AZ had increased about 6.7% from May 2019.

There are seven million dollars homes listing sold in May 2020 in Chandler AZ.

May 2020 Chandler Average Sold Price was $411,200
Click here to View Homes for Sale in Chandler Under $400,000

2020 May Average Sold Price Per SQFT

The average price per square feet for single family home in Chandler in May 2020 is $194 per square feet.

May 2020 average Sold Price per square feet was $194
Click here to View Homes for Sale in Chandler Under $150 per square feet

Based on the median sold price and average sold price statistic, buyer is paying more when buying single family home in Chandler compare to one year ago.

As a reminder, you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying. Blended statistics will not be as accurate as a more detailed report we can provide to help you with your decision making.

If you are considering buying a home in Chandler there is a sufficient inventory of homes to choose from and having a good real estate agent who understands the market is a must. Interest rates are still low so don’t wait too long on the sidelines; many listings when priced correctly are starting to sell within a few days of hitting the market.

💡 Did You Know?
A 1% increase in interest rates, can reduce buying power almost to 10%!! Read How rising interest rates will impact housing affordability?

May 2020 Housing Market Report by Chandler AZ zip code

Chandler AZ zip code Median Sold Price Average Sold Price
Chandler AZ 85224 $318,500 $328,176
Chandler AZ 85225 $314,500 $319,690
Chandler AZ 85226 $341,500 $367,368
Chandler AZ 85248 $452,000 $518,951
Chandler AZ 85249 $435,500 $476,029
Chandler AZ 85286 $420,450 $462,548

Affordable Financing Options Available

Several low down payment financing options including down payment assistance programs are available. Contact Us to find out what loan programs you qualify for. Learn more about how to buy a house in Chandler AZ with a low down payment.

Wondering how much house I can afford?

Click here to access the Mortgage House Payment Calculator. Simply add in the price of the home you are considering and the calculator will return your estimated house payment. Change length of loan and interest rates to adjust results.


Selling your home in Chandler AZ

Contact Us or call Swee Ng at 480.721.6253 today to discuss your potential Chandler AZ Home Price and our comprehensive marketing plan. We will prepare complimentary competitive market analysis (CMA) to find out what your home is worth at today’s market.

What my Chandler AZ Homes is Worth?

Swee Ng, Realtor in Phoenix East Valley specializing in win-win real estate transaction through great communication and fighting for his clients’ best interest. After all, this is more than real estates, this is about your life and your dreams.

If you are looking to buy or sell your home in Chandler or surrounding area, I would the the opportunity to be interviewed for the job. Contact Us today for complimentary and no obligation consultation. I hope that you will put my experience, knowledge, service and professionalism to work for you.

New Listing in Last 24 Hours Chandler AZ

Homes for Sale Chandler AZ
Homes for Sale Under $200,000Homes for Sale $600,000 - $700,000
Homes for Sale $200,000 - $300,000Homes for Sale $700,000 - $800,000
Homes for Sale $300,000 - $400,000Homes for Sale $800,000 - $900,000
Homes for Sale $400,000 - $500,000Homes for Sale $900,000 - $1,000,000
Homes for Sale $500,000 - $600,000Homes for Sale Over $1,000,000
New Construction Homes for SaleHomes with Pool for Sale
Single Story Homes for SaleWaterfront Homes for Sale
Golf Course Lot Homes for SaleGated Community Homes for Sale
Homes with Guest HouseNO HOA Homes for Sale
Just Reduced Price Homes for SaleRecently Sold Homes

Just Reduced Price Homes for Sale Chandler AZ

We can help!
We would love the opportunity to help you for your real estate needs in Phoenix area! ☎️ Call or 📱 text us at 480-721-6253 today.

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Summary
Article Name
May 2020 Chandler AZ Housing Market Trends Report
Description
May 2020 Chandler AZ Housing Market Update, Statistics and House Value. Average sold price for single family home in Chandler was $411,200, that is about 6.7% increased from a year ago.
Author
Publisher Name
Swee Ng Realtor® with HomeSmart
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