Old Republic Title Market Report

Gilbert, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Gilbert, AZ

Thu Jan 23 2020
This week the median list price for Gilbert, AZ is $469,250 with the market action index hovering around 57. This is an increase over last month's market action index of 55. Inventory has held steady at or around 306. 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

Thu Jan 23 2020
This week the median list price for Gilbert, AZ is $469,250 with the market action index hovering around 57. This is an increase over last month's market action index of 55. Inventory has held steady at or around 306. 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 $469,250
Per Square Foot $180
Days on Market 73
Price Decreased 40%
Price Increased 5%
Relisted 4%
Inventory 306
Median Rent $1,880
Most Expensive $2,995,000
Least Expensive $207,000
Market Action 57
Strong Seller's Market

The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.

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
$844,700 4,139 0.5 - 1 acre 5 4 14 9 15 121
$550,000 3,287 8,000 - 10,000 sqft 4 3 14 18 12 71
$417,000 2,560 0 - 4,500 sqft 4 2 16 21 20 67
$339,900 1,828 0 - 4,500 sqft 3 2 19 32 31 31