Old Republic Title's Market Report

Gilbert, AZ

Single-Family Homes



Gilbert, AZ

Sat Feb 04 2023
This week the median list price for Gilbert, AZ is $593,950 with the market action index hovering around 41. This is an increase over last month's market action index of 39. Inventory has decreased to 460. 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

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

Sat Feb 04 2023
This week the median list price for Gilbert, AZ is $593,950 with the market action index hovering around 41. This is an increase over last month's market action index of 39. Inventory has decreased to 460. 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

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 $593,950
Median Price of New Listings $572,500
Per Square Foot $267
Average Days on Market 92
Median Days on Market 84
Price Decreased 64%
Price Increased 2%
Relisted 8%
Inventory 460
Median Rent
Market Action 41
Slight Seller's Advantage

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
$872,500 3,450 0.25 - 0.5 acre 5 3.5 18 14 18 84
$669,700 2,671 8,000 - 10,000 sqft 4 2.5 17 13 20 70
$540,000 2,079 4,500 - 6,500 sqft 4 2 21 18 19 84
$459,000 1,642 4,500 - 6,500 sqft 3 2 20 17 34 84