First Integrity Title Market Report

Gilbert, AZ

Single-Family Homes

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Gilbert, AZ

Wed May 22 2024
This week the median list price for Gilbert, AZ is $699,900 with the market action index hovering around 52. This is about the same as last month's market action index of 52. Inventory has increased to 421. 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

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

Wed May 22 2024
This week the median list price for Gilbert, AZ is $699,900 with the market action index hovering around 52. This is about the same as last month's market action index of 52. Inventory has increased to 421. 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

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 $699,900
Median Price of New Listings $650,000
Per Square Foot $294
Average Days on Market 50
Median Days on Market 28
Price Decreased 49%
Price Increased 3%
Relisted 4%
Inventory 421
Median Rent
Market Action 52
Strong Seller's Market

The market appears to be 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
$1,399,900 4,029 0.25 - 0.5 acre 5 4 13 17 15 28
$799,999 2,960 8,000 - 10,000 sqft 4 3 19 15 17 28
$614,900 2,203 6,500 - 8,000 sqft 4 3 20 17 11 28
$516,999 1,697 4,500 - 6,500 sqft 3 2 24 20 22 21