Old Republic Title Market Report

Gilbert, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Gilbert, AZ

Sat Sep 19 2020
This week the median list price for Gilbert, AZ is $520,000 with the market action index hovering around 82. This is an increase over last month's market action index of 81. Inventory has held steady at or around 236. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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

Sat Sep 19 2020
This week the median list price for Gilbert, AZ is $520,000 with the market action index hovering around 82. This is an increase over last month's market action index of 81. Inventory has held steady at or around 236. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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 $520,000
Per Square Foot $195
Days on Market 43
Price Decreased 26%
Price Increased 6%
Relisted 2%
Inventory 236
Median Rent $1,995
Most Expensive $3,349,000
Least Expensive $235,000
Market Action 82
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
$899,855 4,335 0.5 - 1 acre 5 4 14 11 15 65
$599,900 3,353 8,000 - 10,000 sqft 4 3 13 13 12 69
$435,900 2,390 4,500 - 6,500 sqft 4 2 16 25 24 17
$346,000 1,848 0 - 4,500 sqft 3 2 16 21 33 19