Amy Gerrish, Realtor & Data Scientist.

Gilbert, AZ 85296

Single-Family Homes

Realty Executives



Gilbert, AZ 85296

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. 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 been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Gilbert, AZ 85296

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. 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 been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $521,997
Per Square Foot $196
Days on Market 23
Price Decreased 35%
Price Increased 3%
Relisted 0%
Inventory 34
Median Rent $1,825
Most Expensive $1,499,999
Least Expensive $293,000
Market Action 92
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.

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
$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