Old Republic Title's Market Report

Gilbert, AZ

Single-Family Homes



Gilbert, AZ

Sun Oct 06 2024
This week the median list price for Gilbert, AZ is $664,000 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has increased to 582. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Gilbert, AZ

Sun Oct 06 2024
This week the median list price for Gilbert, AZ is $664,000 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has increased to 582. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $664,000
Median Price of New Listings $624,495
Per Square Foot $288
Average Days on Market 64
Median Days on Market 42
Price Decreased 55%
Price Increased 3%
Relisted 5%
Inventory 582
Median Rent
Market Action 40
Slight Seller's Advantage

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
$1,200,000 3,787 0.25 - 0.5 acre 5 4 18 12 8 70
$745,000 2,795 8,000 - 10,000 sqft 4 3 20 23 16 42
$599,450 2,165 6,500 - 8,000 sqft 4 3 22 21 17 35
$495,000 1,653 4,500 - 6,500 sqft 3 2 24 32 16 42