Mon Oct 19 2020
This week the median list price for Gilbert, AZ 85296 is $521,997 with the market action index hovering around 92. This is an increase over last month's market action index of 91. Inventory has held steady at or around 34.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$521,997|
|Per Square Foot||$196|
|Days on Market||23|
|Strong Seller's Market|
Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$844,950||4,377||1 - 2.5 acres||5||4||23||3||2||48|
|$604,950||3,656||8,000 - 10,000 sqft||5||3||14||4||2||17|
|$459,900||2,167||0 - 4,500 sqft||4||2||9||3||5||16|
|$342,500||1,780||0 - 4,500 sqft||3||2||14||4||6||13|