Chandler, AZ 85249 Real Estate Market Report

ZIP Code: 85249
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

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.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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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 are 6.35%, reflecting the prevailing market environment for property owners in this area during May 2026.

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 primary market indicator, 615,000 (median sold price), points to recent transaction values below asking levels—given the 697,450 (median listing price), this suggests pricing friction between seller expectations and closed transactions that may pressure sellers to adjust pricing or terms.

2. Long selling times—173 (median days on market)—indicate slower sales velocity and reduced liquidity; combined with a neutral market temperature and observed sample inventory mix, this appears to favor patient buyers or negotiated sales rather than rapid, competitive bid environments.

3. Price and rent trends are both negative year-over-year: price is reported as down and rent is reported as down, signaling a mild market cooling that could temper near-term appreciation expectations for both SFR and condo investors.

4. Interest rate pressure is elevated and current financing costs are meaningful—Current 30-year fixed mortgage rates in Chandler AZ are 6.35%—which, together with slower sales velocity and cooling prices, suggests higher carrying costs and tighter buyer purchasing power that may prolong the market’s rebalancing period.

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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.

Chandler, AZ 85249 Real Estate Market Report

ZIP Code: 85249
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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 are 6.35%, reflecting the prevailing market environment for property owners in this area during May 2026.

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 primary indicator of market value is the median sold price of $405,000, which serves as the most reliable signal of recent transaction levels and suggests current market value for SFR and condo product in ZIP 85249; contextualized by recent sales this figure should guide pricing and appraisal conversations.

2. Extended selling timelines are apparent: the median days on market is 289, which points to slower sales velocity and increased time-to-contract that may require more aggressive marketing or competitive pricing to achieve timely closings.

3. Pricing context from transactions shows a median price per square foot of $324 alongside a median market rent of $2,950, indicating current unit-level valuation and rental benchmarks that investors and owners can use for comparative valuation and lease-setting decisions; note that these transaction-derived metrics are based on a sample where the total sold properties analyzed is 149.

4. Market balance and financing headwinds are mixed: price year-over-year trend is down while market temperature is neutral, and interest rate pressure is described as elevated with prevailing 30-year fixed mortgage rates at 6.35%, which together may constrain buyer purchasing power and support longer listing periods.

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Notable Properties

The following 4 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.