Gilbert, Chandler & Queen Creek Home Prices Are Falling – Here’s What It Means for You

📉 Gilbert, Chandler & Queen Creek Home Prices Are Falling – Here’s What It Means for You

Phoenix recently ranked #1 in the U.S. for home price cuts, and the impact is spilling over into the East Valley. In cities like Gilbert, Chandler, and Queen Creek, sellers are slashing prices, and the balance of power in the market is starting to shift.

According to a June 2025 report from Realtor.com, over 31% of active listings in the Phoenix metro had price reductions—a jump that puts the Valley at the top of the national list.

🔎 What’s Behind the Price Drops?

There are a few key reasons why sellers in Gilbert, Chandler, and Queen Creek are reducing asking prices:

• Increased inventory: More homes are hitting the market, giving buyers more choices and leverage.
• High mortgage rates: Elevated interest rates continue to limit affordability for many buyers.
• Cooling demand: As the frenzy of previous years slows, homes are sitting longer unless priced strategically.

🏡 East Valley Snapshot: June 2025

• Chandler: Median sale price dropped 7% YoYto ~$545,000. Days on market has increased from 34 to 52 days.
• Queen Creek: Over 52% of homessold under asking price. Price growth is minimal, up only 5% YoY.
• Gilbert: Price cuts are common in neighborhoods like Morrison Ranch, Seville, and Power Ranch.

🚨 What This Means If You’re Selling

• Overpricing is risky: Homes that start too high often end up sitting and requiring price cuts.
• Time on market is rising: You may need to adjust expectations on how quickly your home will sell.
• Strategic pricing is key: Align with local comps and buyer demand from day one.

🌆 What This Means If You’re Buying

• You have more negotiating power: Don’t be afraid to ask for concessions or price flexibility.
• Watch for value: Many homes are being reduced by tens of thousands.
• Act fast on well-priced listings: While overpriced homes sit, good deals still go quickly.

⚖️ Final Thoughts

The market in Gilbert, Chandler, and Queen Creek is shifting. Price reductions are becoming more common, and both buyers and sellers need to adjust strategies accordingly.

If you're wondering what this means for your home or goals, let's talk. Whether you're ready to list or just exploring, I can give you a realistic, no-pressure game plan.

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