Clear Title Agency of Arizona

Gilbert, AZ

Single-Family Homes

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Gilbert, AZ

Sun Feb 25 2024
This week the median list price for Gilbert, AZ is $675,000 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has held steady at or around 332. 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

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 Feb 25 2024
This week the median list price for Gilbert, AZ is $675,000 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has held steady at or around 332. 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

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 $675,000
Median Price of New Listings $579,000
Per Square Foot $292
Average Days on Market 63
Median Days on Market 28
Price Decreased 43%
Price Increased 4%
Relisted 6%
Inventory 332
Median Rent
Market Action 48
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
$1,250,000 3,663 0.25 - 0.5 acre 4 4 18 9 10 42
$750,000 2,921 8,000 - 10,000 sqft 4 3 18 11 11 70
$615,990 2,127 6,500 - 8,000 sqft 3 3 22 12 10 28
$500,000 1,711 4,500 - 6,500 sqft 3 2 22 23 23 21