Navi Title Agency

Gilbert, AZ 85233

Single-Family Homes

Here is your weekly Market Update!



Gilbert, AZ 85233

Sat Mar 02 2024
This week the median list price for Gilbert, AZ 85233 is $618,500 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has increased to 42. 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 85233

Sat Mar 02 2024
This week the median list price for Gilbert, AZ 85233 is $618,500 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has increased to 42. 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 $618,500
Median Price of New Listings $534,500
Per Square Foot $295
Average Days on Market 60
Median Days on Market 32
Price Decreased 43%
Price Increased 5%
Relisted 5%
Inventory 42
Median Rent
Market Action 47
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$1,099,500 3,558 0.25 - 0.5 acre 5 3 29 0 0 59
$659,500 2,373 8,000 - 10,000 sqft 4 2.5 32 3 1 108
$582,900 1,993 6,500 - 8,000 sqft 3 3 31 2 1 49
$475,000 1,548 4,500 - 6,500 sqft 3 2 30 5 3 7