Chandler, AZ 85249 Real Estate Market Report

ZIP Code: 85249
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the housing market in Chandler, AZ (ZIP: 85249) is characterized by a median sold price of $650,000, reflecting a cooling trend with prices having decreased 8% since 2022. This decline in sold prices indicates a shift in market dynamics, where buyer sentiment may be adjusting to the current economic conditions. The median listing price stands at $702,450, suggesting a notable gap between seller expectations and actual market transactions, which could indicate pricing friction as sellers adjust to the evolving landscape.

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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.

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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.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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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 5.88% to 6.01%, which is approximately 1.0% lower than the 6.85% average seen one year ago, presenting a favorable refinancing environment for recent borrowers.

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

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Key Findings

1. The median sold price of $650,000 suggests a decreasing trend in home values, impacting overall buyer sentiment.

2. With a median days on market of 146, properties are experiencing slower sales velocity, indicating a potential cooling in buyer demand.

3. The median market rent of $4,070 remains strong, reflecting a growing rental demand despite the softening sales market.

4. The market temperature is currently neutral, suggesting balanced conditions between buyers and sellers, with no clear advantage for either party.

5. Interest rate pressure is moderate, with current mortgage rates around 5.88% to 6.01%, which is approximately 1.0% lower than the previous year, potentially encouraging refinancing and new buyer activity.

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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.