Fri Apr 23 2021
This week the median list price for Gilbert, AZ is $532,500 with the market action index hovering around 98. This is an increase over last month's market action index of 93. Inventory has held steady at or around 138.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$532,500|
|Per Square Foot||$233|
|Days on Market||7|
|Strong Seller's Market|
The market has been on a downward trend in the last few weeks and this week, while essentially flat, doesn’t break us out of that cycle.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$977,450||4,242||0.5 - 1 acre||5||4||14||9||9||14|
|$615,000||2,787||8,000 - 10,000 sqft||4||3||17||22||18||0|
|$469,999||2,193||6,500 - 8,000 sqft||4||2||17||18||18||7|
|$399,000||1,623||4,500 - 6,500 sqft||3||2||20||17||20||7|