Lawyers Title Market Report

Gilbert, AZ 85298

Single-Family Homes

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Gilbert, AZ 85298

Mon Jun 21 2021
This week the median list price for Gilbert, AZ 85298 is $612,000 with the market action index hovering around 94. This is less than last month's market action index of 98. Inventory has increased to 28. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Gilbert, AZ 85298

Mon Jun 21 2021
This week the median list price for Gilbert, AZ 85298 is $612,000 with the market action index hovering around 94. This is less than last month's market action index of 98. Inventory has increased to 28. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $612,000
Median Price of New Listings $575,000
Per Square Foot $266
Average Days on Market 13
Median Days on Market 0
Price Decreased 21%
Price Increased 4%
Relisted 4%
Inventory 28
Median Rent $2,400
Market Action 94
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$1,800,000 5,463 1 - 2.5 acres 5 5 6 2 1 7
$715,000 2,840 8,000 - 10,000 sqft 4 3 11 6 5 0
$574,900 2,410 8,000 - 10,000 sqft 4 3 10 4 3 7
$483,000 1,707 6,500 - 8,000 sqft 2 2 17 5 5 0