First Integrity Title Market Report

Gilbert, AZ

Single-Family Homes

www.FirstIntegrityTitle.com | 303.837.9171



Gilbert, AZ

Thu Dec 08 2022
This week the median list price for Gilbert, AZ is $580,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has decreased to 649. 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

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

Thu Dec 08 2022
This week the median list price for Gilbert, AZ is $580,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has decreased to 649. 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

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 $580,000
Median Price of New Listings $648,000
Per Square Foot $271
Average Days on Market 78
Median Days on Market 70
Price Decreased 74%
Price Increased 1%
Relisted 5%
Inventory 649
Median Rent
Market Action 38
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
$879,850 3,430 0.25 - 0.5 acre 4 3.5 16 12 17 56
$648,500 2,417 6,500 - 8,000 sqft 4 2.5 18 6 19 70
$535,000 2,042 4,500 - 6,500 sqft 4 2.3 20 3 14 70
$459,900 1,623 4,500 - 6,500 sqft 3 2 22 12 20 77