Old Republic Title Market Report

Gilbert, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Gilbert, AZ

Fri Apr 23 2021
This week the median list price for Gilbert, AZ is $532,500 with the market action index hovering around 98. This is an increase over last month's market action index of 93. Inventory has held steady at or around 138. 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 have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Gilbert, AZ

Fri Apr 23 2021
This week the median list price for Gilbert, AZ is $532,500 with the market action index hovering around 98. This is an increase over last month's market action index of 93. Inventory has held steady at or around 138. 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 have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $532,500
Per Square Foot $233
Days on Market 7
Price Decreased 8%
Price Increased 6%
Relisted 1%
Inventory 138
Median Rent $2,245
Most Expensive $3,200,000
Least Expensive $310,000
Market Action 98
Strong Seller's Market

The market has been on a downward trend in the last few weeks and this week, while essentially flat, doesn’t break us out of that cycle.

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
$977,450 4,242 0.5 - 1 acre 5 4 14 9 9 14
$615,000 2,787 8,000 - 10,000 sqft 4 3 17 22 18 0
$469,999 2,193 6,500 - 8,000 sqft 4 2 17 18 18 7
$399,000 1,623 4,500 - 6,500 sqft 3 2 20 17 20 7