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Gilbert, AZ 85234

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Gilbert, AZ 85234

Thu Jan 20 2022
This week the median list price for Gilbert, AZ 85234 is $567,450 with the market action index hovering around 79. This is about the same as last month's market action index of 79. Inventory has decreased to 24. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Gilbert, AZ 85234

Thu Jan 20 2022
This week the median list price for Gilbert, AZ 85234 is $567,450 with the market action index hovering around 79. This is about the same as last month's market action index of 79. Inventory has decreased to 24. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $567,450
Median Price of New Listings $544,950
Per Square Foot $280
Average Days on Market 40
Median Days on Market 21
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 24
Median Rent $2,448
Market Action 79
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
$957,450 2,723 0.5 - 1 acre 4 3.3 36 4 2 21
$600,499 2,572 6,500 - 8,000 sqft 4 2.8 29 1 2 42
$537,450 2,122 4,500 - 6,500 sqft 3 2.5 26 2 2 35
$479,950 1,631 4,500 - 6,500 sqft 3 2.3 33 5 7 0