Arizona's Most Current Market Reports

Gilbert, AZ

Single-Family Homes

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Gilbert, AZ

Fri Oct 15 2021
This week the median list price for Gilbert, AZ is $615,000 with the market action index hovering around 84. This is less than last month's market action index of 85. Inventory has held steady at or around 230. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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

Fri Oct 15 2021
This week the median list price for Gilbert, AZ is $615,000 with the market action index hovering around 84. This is less than last month's market action index of 85. Inventory has held steady at or around 230. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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 $615,000
Median Price of New Listings $596,250
Per Square Foot $264
Average Days on Market 31
Median Days on Market 14
Price Decreased 36%
Price Increased 5%
Relisted 3%
Inventory 230
Median Rent $2,450
Market Action 84
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices 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
$895,000 3,450 0.5 - 1 acre 5 3 9 15 14 14
$675,000 2,570 8,000 - 10,000 sqft 4 2 17 17 15 21
$559,900 2,171 6,500 - 8,000 sqft 4 2 22 18 17 17
$477,500 1,701 4,500 - 6,500 sqft 3 2 24 22 28 7