Empire Title Agency's Market Report

Gilbert, AZ

Single-Family Homes

www.ewtaz.com | MarketReports@ewtaz.com | (602) 749-7000



Gilbert, AZ

Thu Sep 16 2021
This week the median list price for Gilbert, AZ is $593,000 with the market action index hovering around 85. This is an increase over last month's market action index of 84. Inventory has decreased to 234. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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.

Gilbert, AZ

Thu Sep 16 2021
This week the median list price for Gilbert, AZ is $593,000 with the market action index hovering around 85. This is an increase over last month's market action index of 84. Inventory has decreased to 234. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $593,000
Median Price of New Listings $549,000
Per Square Foot $260
Average Days on Market 30
Median Days on Market 14
Price Decreased 32%
Price Increased 9%
Relisted 5%
Inventory 234
Median Rent $2,465
Market Action 85
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate 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
$894,499 3,724 0.25 - 0.5 acre 5 3 14 8 20 28
$657,500 2,605 6,500 - 8,000 sqft 4 3 16 20 24 17
$539,900 2,182 6,500 - 8,000 sqft 4 2 17 17 28 14
$444,999 1,537 4,500 - 6,500 sqft 3 2 24 27 42 7