Single-Family Homes
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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
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.
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.
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 |