Chandler Home Prices & Values

$244,100 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.6% 1-year change
  • 3.8% 1-year forecast

Market Temperature: WarmWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Chandler is $244,100. Chandler home values have gone up 1.6% over the past year and Zillow predicts they will rise 3.8% within the next year. The median list price per square foot in Chandler is $137, which is higher than the Phoenix Metro average of $123. The median price of homes currently listed in Chandler is $299,000 while the median price of homes that sold is $240,000. The median rent price in Chandler is $1,300, which is higher than the Phoenix Metro median of $1,150.

Foreclosures will be a factor impacting home values in the next several years. In Chandler 3.6 homes are foreclosed (per 10,000). This is lower than the Phoenix Metro value of 4.4 and also lower than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Chandler is 3.0%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Chandler homeowners underwater on their mortgage is 14.7%, which is lower than Phoenix Metro at 20.1%.

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Relative ZHVI
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Chandler Market Overview

Data through Jul 31, 2014
  • $244,100 ZHVI
  • 3.8% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $299,000 Median listing price
  • $240,000 Median sale price
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Chandler Market Health

Data through Jul 31, 2014
  • 5.6/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 14.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.6 homes Chandler
4.4 homes Phoenix Metro
4.4 homes United States
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Neighborhoods in Chandler

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Balboa Way $569,500 Ocotillo Lakes $418,600 Ocotillo $357,900
Fox Crossing $351,100 Carino Estates $329,000 Vinyards $299,900
Sun Lakes $264,200    

Listings & Sales

Data through Jul 31, 2014
  • $137 Median list price / sq ft
  • $135 Median sale price / sq ft
  • 48.0% Listings with price cut
16.7%
Sold below listing
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Chandler Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,365 Chandler
$1,202 Phoenix Metro
$1,318 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,300 Rent list price
  • $0.82 Rent list price / sq ft
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