Chandler, AZ 85248 Real Estate Market Report

ZIP Code: 85248
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

As of February 2026, the real estate market in Chandler, AZ (ZIP: 85248) reflects a median sold price of $537,000, indicating a stable market despite a down trend in prices year-over-year. The market has decreased 8% since 2022, suggesting a shift towards a more balanced environment characterized by slightly declining home prices and elevated inventory levels. This trend may indicate a recalibration of seller expectations as buyers respond to the current market dynamics.

The median days on market stands at 145 days, which points to a slower sales velocity, while the median listing price is notably higher at $571,500. This pricing gap may create friction as buyers navigate the market. Despite these challenges, the underlying demand remains steady, particularly in higher-priced segments, although rental prices are also softening, with a median market rent of $2,140. The overall market temperature is currently neutral, reflecting a balance between supply and demand, albeit with moderate interest rate pressure affecting buyer activity.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

---

Property Taxes

---

Liquidity & Velocity

---

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Chandler AZ average around 6.00% to 6.07%, which is slightly lower than the 6.17% to 6.21% seen one month ago, presenting a minor cost opportunity for refinancing.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The median sold price of $537,000 indicates a stable market, despite a down trend in prices year-over-year.

2. With a median days on market of 145, the market is experiencing slower sales velocity, suggesting potential pricing friction.

3. The median listing price of $571,500 creates a notable gap compared to sold prices, which may affect buyer engagement.

4. Rental prices are also down, with a median market rent of $2,140, indicating a softening rental market.

5. Current mortgage rates averaging around 6.00% to 6.07% present a minor cost opportunity for refinancing, contributing to a neutral market temperature.

---

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.