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

The median sold price in Chandler, AZ (85249) is $629,000, reflecting a market that has decreased 8% since 2022. This decline in value suggests a shift in buyer sentiment and market dynamics, as homes are currently taking longer to sell, with a median days on market of 141 days. The market temperature remains neutral, indicating a balance between buyer and seller expectations, though the elevated inventory levels may be contributing to slower sales velocity.

Despite the recent price adjustments, the median listing price stands at $722,500, indicating a notable gap between seller expectations and market realities. This discrepancy may create opportunities for buyers, as sellers are increasingly willing to negotiate. The overall market conditions are characterized by moderate transaction volume and a slight increase in rental prices, with the median market rent at $4,070, suggesting continued demand for rental properties even amidst the broader price adjustments.

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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

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 around 5.87% are notably lower than the 6.37% average seen earlier in 2026, presenting a cost opportunity for refinancing.

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. $629,000 is the median sold price, reflecting an 8% decrease since 2022, indicating potential pricing pressure in the market.

2. Homes are taking longer to sell, with a median days on market of 141 days, suggesting slower sales velocity compared to previous periods.

3. The median listing price of $722,500 shows a significant gap from the median sold price, indicating pricing friction between sellers and buyers.

4. The market temperature is neutral, suggesting a balanced dynamic between buyers and sellers despite elevated inventory levels.

5. Median market rent is $4,070, which has increased year-over-year, indicating growing demand for rental properties.

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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.