Chandler AZ Real Estate Housing Market Report - January 2022
After reaching almost $600k ($599,992) to end 2021 with the highest average sales price of Chandler homes ever, January of 2022 started off with a slight decrease in the average sale price down to $591,901. This is the first decrease since September of last year, and only the third decrease in the average sales price of Chandler homes since December of 2020.
The average sales price per square foot has increased or remained the same for 20 straight months and is now at $278/sf in January to start off 2022. This is a $62/sf increase from the $216/sf in January of 2021.
The days on market for January of 2022 remained at 30, the same as it was last month in December to end 2021. Days on market has been creeping up since it reached an all-time low of 20 in August of 2021. The DOM has remained at or below 30 since February of 2021, which means that homes in Chandler are selling faster than they ever have, and most home sellers are receiving multiple offers which continues to drive prices up.
The average sales price per square foot has increased or remained the same for 20 straight months and is now at $278/sf in January to start off 2022. This is a $62/sf increase from the $216/sf in January of 2021.
The days on market for January of 2022 remained at 30, the same as it was last month in December to end 2021. Days on market has been creeping up since it reached an all-time low of 20 in August of 2021. The DOM has remained at or below 30 since February of 2021, which means that homes in Chandler are selling faster than they ever have, and most home sellers are receiving multiple offers which continues to drive prices up.
After increasing for two straight months, Chandler home sales have now decreased for four straight months, from 379 in September of 2021 down to 216 in January of 2022. The number of Chandler home sales for January is less than January of last year by -19.1%. This is the lowest number of January home sales in Chandler in at least the last four years.
After remaining the same or dropping for five consecutive months, the number of new listings in Chandler saw a nice increase in January, starting off 2022 at 288. This is a nice increase from the 218 new listings we saw in December (last month), even though new listings are still down -13.3% from January of last year. We still have a lack of homes for sale to keep up with the demand because people are staying in their homes longer, and there have not been enough new homes built to satisfy the number of buyers.
After increasing for five straight months, the number of active Chandler listings have now decreased for the third straight month, going from 475 in October of 2021 to 307 in January of 2022. This is the lowest number of active listings for January in at least the last four years. New listings in Chandler are now less than last year's January listings by -13.3%.
The lack of listings in Chandler continues to drive demand, and home prices higher. Median home values in Chandler have increased an average of 21.8% since January of 2021, which is almost unbelievable. Mortgage interest rates have started to increase above 3.5%, but there will still more buyers looking to purchase Chandler homes throughout 2022.
After remaining the same or dropping for five consecutive months, the number of new listings in Chandler saw a nice increase in January, starting off 2022 at 288. This is a nice increase from the 218 new listings we saw in December (last month), even though new listings are still down -13.3% from January of last year. We still have a lack of homes for sale to keep up with the demand because people are staying in their homes longer, and there have not been enough new homes built to satisfy the number of buyers.
After increasing for five straight months, the number of active Chandler listings have now decreased for the third straight month, going from 475 in October of 2021 to 307 in January of 2022. This is the lowest number of active listings for January in at least the last four years. New listings in Chandler are now less than last year's January listings by -13.3%.
The lack of listings in Chandler continues to drive demand, and home prices higher. Median home values in Chandler have increased an average of 21.8% since January of 2021, which is almost unbelievable. Mortgage interest rates have started to increase above 3.5%, but there will still more buyers looking to purchase Chandler homes throughout 2022.
For more detailed stats on the Chandler Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.
"Real Estate is not just a job for me, it's about making a difference in the lives of others"
Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee
Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | [email protected]
 |  |  |
Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
RSS Feed
