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Gilbert, AZ 85234

Single-Family Homes

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Gilbert, AZ 85234

Fri Jul 01 2022
This week the median list price for Gilbert, AZ 85234 is $620,000 with the market action index hovering around 85. This is less than last month's market action index of 97. Inventory has increased to 77. 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 been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Gilbert, AZ 85234

Fri Jul 01 2022
This week the median list price for Gilbert, AZ 85234 is $620,000 with the market action index hovering around 85. This is less than last month's market action index of 97. Inventory has increased to 77. 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 been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $620,000
Median Price of New Listings $569,900
Per Square Foot $286
Average Days on Market 23
Median Days on Market 14
Price Decreased 55%
Price Increased 0%
Relisted 3%
Inventory 77
Median Rent
Market Action 85
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$989,000 3,342 0.25 - 0.5 acre 5 3 22 3 2 14
$675,000 2,454 6,500 - 8,000 sqft 4 3 27 3 2 14
$582,000 1,938 4,500 - 6,500 sqft 4 2 30 6 3 14
$535,500 1,696 6,500 - 8,000 sqft 3 2 28 5 2 10