Amy Gerrish, Realtor & Data Scientist.

Gilbert, AZ 85297

Single-Family Homes

Realty Executives



Gilbert, AZ 85297

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. Click here to stay informed with the Gilbert market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Gilbert, AZ 85297

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. Click here to stay informed with the Gilbert market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $534,750
Per Square Foot $209
Days on Market 26
Price Decreased 19%
Price Increased 10%
Relisted 4%
Inventory 48
Median Rent $2,125
Most Expensive $1,999,950
Least Expensive $299,500
Market Action 72
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.

Market Segments

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