Chandler, AZ 85248 Real Estate Market Report

ZIP Code: 85248
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.

---

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 market rates for 30-year fixed loans in Chandler, AZ 85248 are averaging approximately 6.35%, reflecting the ongoing volatility in 2026 mortgage pricing.

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

---

Key Findings

1. median sold price: 499,000 is the primary indicator of recent transaction value in 85248; this representative recent sale level should be weighted above asking prices when assessing comps, and the gap versus the median listing price: 476,500 may indicate pricing friction between seller expectations and actual transaction levels while the market appears to be moving toward balance with elevated inventory relative to sales activity. representative recent sale

2. median days on market: 203 signals materially slower sales velocity compared with more active periods, which may increase buyer negotiation leverage and suggests longer marketing windows are becoming the norm. slower sales velocity

3. price year-over-year trend: down indicates modest downward pressure on values across the ZIP; combined with the longer time on market, this trend suggests sellers may need to be more flexible on terms or pricing to maintain transaction cadence. down

4. market temperature: neutral paired with interest rate pressure: moderate and Current market rates for 30-year fixed loans: 6.35% implies a balanced marketplace facing cost-of-funds headwinds—expect buyer sensitivity to financing costs while demand remains steady enough to prevent severe price dislocation. neutral

---

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 85248 Real Estate Market Report

ZIP Code: 85248
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.

---

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

---

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 market rates for 30-year fixed loans in Chandler, AZ 85248 are averaging approximately 6.35%, reflecting the ongoing volatility in 2026 mortgage pricing.

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

---

Key Findings

1. $439,900 is the median sold price and should be treated as the primary indicator of market value and recent transaction activity in ZIP 85248, reflecting realized buyer willingness to pay in the current cycle.contextual

2. $424,950 is the median listing price, creating a listing-to-sale spread that suggests seller expectations differ from transaction outcomes and may indicate pricing friction between asking prices and executed sales.

3. 421 median days on market signals markedly slower sales velocity and increased buyer negotiation leverage; combined with the down price year-over-year trend, this appears to be a cooling market where patience may be required to transact.

4. 6.35% average 30-year fixed market rates (Chandler, AZ 85248) and moderate interest rate pressure, alongside a neutral market temperature, imply financing costs are a persistent headwind while overall balance remains intact; rent and price trends are both reported down, which may temper near-term upside for investors.

---

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.