Old Republic Title's Market Report

Gilbert, AZ

Single-Family Homes



Gilbert, AZ

Mon Mar 18 2024
This week the median list price for Gilbert, AZ is $679,900 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has increased to 369. 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. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Gilbert, AZ

Mon Mar 18 2024
This week the median list price for Gilbert, AZ is $679,900 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has increased to 369. 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. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $679,900
Median Price of New Listings $574,497
Per Square Foot $286
Average Days on Market 54
Median Days on Market 28
Price Decreased 50%
Price Increased 2%
Relisted 4%
Inventory 369
Median Rent
Market Action 49
Strong Seller's Market

The market is 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
$1,299,500 3,956 0.25 - 0.5 acre 4 4 18 15 5 28
$784,999 3,011 8,000 - 10,000 sqft 4 3 17 9 16 35
$609,950 2,249 6,500 - 8,000 sqft 4 3 23 15 13 28
$499,900 1,710 4,500 - 6,500 sqft 3 2 22 31 22 21