Chandler Pricing Rises across most zip codes

We’ve seen time and time again that quarterly numbers show much less variance than monthly data does, so I was surprised to see any of the zip codes decline when looking at quarterly numbers compared to the same quarter last year. But that’s exactly what happened.

The Median Sales Price in 85226 dropped by 4% this year: $320,000 compared with $335,000 in Q3’18.

The rest of the Chandler zip codes showed price appreciation, ranging from a modest 2.2% in 85249 to a robust 9.3% in 85224. (The rest of the zip codes increased 3.1% in 85286, 4.1% in 85248, and 6.1% in 85225.)

The overall trend was positive as well, with the Median Sales Price in Chandler increasing 4.8%, from $333,875 in Q3’18 to $349,900 in Q3’19. (a bonus number - this isn’t shown in the chart.)

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- Chris Butterworth

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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.