Clear Title Agency of Arizona

Gilbert, AZ

Single-Family Homes

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Gilbert, AZ

Sun Jan 29 2023
This week the median list price for Gilbert, AZ is $590,000 with the market action index hovering around 40. This is an increase over last month's market action index of 38. Inventory has decreased to 490. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Gilbert, AZ

Sun Jan 29 2023
This week the median list price for Gilbert, AZ is $590,000 with the market action index hovering around 40. This is an increase over last month's market action index of 38. Inventory has decreased to 490. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $590,000
Median Price of New Listings $626,950
Per Square Foot $269
Average Days on Market 92
Median Days on Market 84
Price Decreased 61%
Price Increased 2%
Relisted 8%
Inventory 490
Median Rent
Market Action 40
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$874,950 3,560 0.25 - 0.5 acre 5 3.5 18 20 15 77
$669,350 2,643 8,000 - 10,000 sqft 4 3 17 18 20 73
$539,000 2,037 6,500 - 8,000 sqft 4 2 21 12 23 105
$450,000 1,607 4,500 - 6,500 sqft 3 2 20 16 22 84