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Gilbert, AZ 85233

Single-Family Homes

Here is your weekly Market Update!



Gilbert, AZ 85233

Sun Feb 09 2025
This week the median list price for Gilbert, AZ 85233 is $579,950 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has increased to 78. 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.

Slight Seller's Advantage

Market Narrative

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 85233

Sun Feb 09 2025
This week the median list price for Gilbert, AZ 85233 is $579,950 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has increased to 78. 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.

Slight Seller's Advantage

Market Narrative

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 $579,950
Median Price of New Listings $535,000
Per Square Foot $288
Average Days on Market 74
Median Days on Market 56
Price Decreased 60%
Price Increased 8%
Relisted 17%
Inventory 78
Median Rent
Market Action 38
Slight Seller's Advantage

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
$775,000 2,913 8,000 - 10,000 sqft 4 3 31 2 0 63
$654,490 2,374 6,500 - 8,000 sqft 4 2 31 2 2 49
$542,000 1,976 4,500 - 6,500 sqft 3 3 29 5 3 56
$484,900 1,468 4,500 - 6,500 sqft 3 2 31 3 3 59