Old Republic Title Market Report

Gilbert, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Gilbert, AZ

Wed Oct 23 2019
This week the median list price for Gilbert, AZ is $449,000 with the market action index hovering around 56. This is an increase over last month's market action index of 55. Inventory has held steady at or around 510. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Gilbert, AZ

Wed Oct 23 2019
This week the median list price for Gilbert, AZ is $449,000 with the market action index hovering around 56. This is an increase over last month's market action index of 55. Inventory has held steady at or around 510. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $449,000
Per Square Foot $174
Days on Market 57
Price Decreased 44%
Price Increased 6%
Relisted 4%
Inventory 510
Median House Rent $1,800
Most Expensive $2,999,999
Least Expensive $207,000
Market Action Index
Strong Seller's Market
56

Prices appear to be hovering around their high point. Look for a persistent down-shift 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
$810,000 4,292 0.25 - 0.5 acre 5 4 12 17 8 89
$509,900 3,269 8,000 - 10,000 sqft 4 3 13 21 7 66
$399,000 2,404 0 - 4,500 sqft 4 2 18 28 14 47
$328,250 1,829 0 - 4,500 sqft 3 2 17 49 35 25