Mon Oct 19 2020
This week the median list price for Gilbert, AZ 85297 is $534,750 with the market action index hovering around 72. This is an increase over last month's market action index of 69. Inventory has held steady at or around 48.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$534,750|
|Per Square Foot||$209|
|Days on Market||26|
|Strong Seller's Market|
We continue to see prices in this zip code settled at a plateau. This week prices bumped down a bit but not significantly enough to change the overall outlook. Look for a persistent change (up or down) in the Market Action Index before we see prices significantly deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,108,346||3,807||0.25 - 0.5 acre||4||4||4||1||2||66|
|$647,950||3,269||0.25 - 0.5 acre||4||3||14||2||0||25|
|$421,500||2,303||0 - 4,500 sqft||4||2||17||8||8||5|
|$342,445||1,617||0 - 4,500 sqft||3||2||18||9||6||5|