Chandler AZ Real Estate Housing Market Report - March 2021
The average sales price of homes in Chandler continues to climb up to a new all-time high of $533,584 in March, another increase of almost $20k from February. The average sales price per square foot also continues to increase, and is now up to $234/sf from $228/sf last month.
Days on market dropped for the second month in a row, down to an all-time low of 22 after it increased the two months prior.
Days on market dropped for the second month in a row, down to an all-time low of 22 after it increased the two months prior.
Chandler home sales are up 4.7% from March of last year (and the highest they have been in this month since 2018), coming in at 357 for March of 2021. This could be a good sign that home sales are on the rise heading into the busy season. The number of new listings are only down -1.0% from March of last year, which could mean that more people are finally deciding to sell their Chandler homes. Although the number of active listings increased by almost 80 from last month, it is still down -18.8% from March of last year. Homes are just selling so fast in the East Valley right now.
The lack of listings continues to drive demand and home prices higher. Median home values in Chandler have increased an average of 21.8% since March of 2020, which is incredible. With mortgage interest rates remaining around 3.0%, there still looks to be more buyers looking to purchase in the new year.
The lack of listings continues to drive demand and home prices higher. Median home values in Chandler have increased an average of 21.8% since March of 2020, which is incredible. With mortgage interest rates remaining around 3.0%, there still looks to be more buyers looking to purchase in the new year.
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]
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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.
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