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Thursday, November 7, 2024

Chandler home prices rise in the fourth quarter of 2017

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The median sale price of a home sold in the fourth quarter of 2017 in Chandler rose by $19,099 while total sales decreased by 6.2%, according to BlockShopper.com.

From October through December of 2017, there were 1,122 homes sold, with a median sale price of $280,000 - a 7.3% increase over the $260,902 median sale price for the same period of the previous year. There were 1,196 homes sold in Chandler in the fourth quarter of 2016.

The median sales tax in Chandler for 2017 was $1,693. In 2016, the median sales tax was $1,658. This marks an increase of 2.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.6%.

The following table compares Chandler to other Maricopa County cities with similar median sales prices in the fourth quarter of 2017:

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Uninc-85262/Tonto National Forest13944.4%$295,000$525,000-43.8%
Chandler (unincorporated) 1661613.1%$293,500$255,00015.1%
Wittmann (unincorporated) 332817.9%$290,000$266,0009%
Uninc-85375/Sun City West45-20%$289,050$280,0003.2%
Uninc-85387/Surprise North393125.8%$286,205$280,9901.9%
Chandler1,1221,196-6.2%$280,000$260,901.507.3%
Waddell (unincorporated) 7482-9.8%$277,500$237,40016.9%
New River (unincorporated) 1319-31.6%$275,000$321,500-14.5%
Tempe5475048.5%$270,500$250,0008.2%
Litchfield Park (unincorporated) 1111028.8%$261,500$234,35511.6%
Buckeye (unincorporated)2935-17.1%$260,000$200,00030%

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