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Gilbert, AZ 85234

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Gilbert, AZ 85234

Sat Dec 03 2022
This week the median list price for Gilbert, AZ 85234 is $555,250 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has decreased to 118. 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

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 85234

Sat Dec 03 2022
This week the median list price for Gilbert, AZ 85234 is $555,250 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has decreased to 118. 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

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 $555,250
Median Price of New Listings $575,000
Per Square Foot $273
Average Days on Market 66
Median Days on Market 56
Price Decreased 69%
Price Increased 0%
Relisted 3%
Inventory 118
Median Rent
Market Action 40
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. 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
$975,000 3,209 0.25 - 0.5 acre 4 3 28 4 2 56
$599,900 2,437 6,500 - 8,000 sqft 4 3 27 3 1 35
$525,000 2,046 6,500 - 8,000 sqft 4 2 28 0 3 52
$459,925 1,550 4,500 - 6,500 sqft 3 2 27 5 8 70