Old Republic Title Market Report

Gilbert, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Gilbert, AZ

Mon Mar 01 2021
This week the median list price for Gilbert, AZ is $557,500 with the market action index hovering around 89. This is an increase over last month's market action index of 85. Inventory has held steady at or around 100. 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

Mon Mar 01 2021
This week the median list price for Gilbert, AZ is $557,500 with the market action index hovering around 89. This is an increase over last month's market action index of 85. Inventory has held steady at or around 100. 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 $557,500
Per Square Foot $215
Days on Market 7
Price Decreased 7%
Price Increased 12%
Relisted 3%
Inventory 100
Median Rent $2,195
Most Expensive $2,100,000
Least Expensive $280,000
Market Action 89
Strong Seller's Market

The market seems to have paused around this plateau. 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
$990,000 4,135 0.5 - 1 acre 5 4 18 6 8 42
$634,900 3,117 8,000 - 10,000 sqft 4 3 8 15 15 0
$499,000 2,439 6,500 - 8,000 sqft 4 2 21 14 14 0
$380,000 1,748 4,500 - 6,500 sqft 3 2 20 13 20 7