First Integrity Title Market Report

Gilbert, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372



Gilbert, AZ

Mon Dec 04 2023
This week the median list price for Gilbert, AZ is $394,000 with the market action index hovering around 66. This is less than last month's market action index of 73. Inventory has held steady at or around 29. 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 started cooling and prices have been flat for several weeks. Since 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

Mon Dec 04 2023
This week the median list price for Gilbert, AZ is $394,000 with the market action index hovering around 66. This is less than last month's market action index of 73. Inventory has held steady at or around 29. 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 started cooling and prices have been flat for several weeks. Since 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 $394,000
Median Price of New Listings $449,000
Per Square Foot $299
Average Days on Market 44
Median Days on Market 28
Price Decreased 52%
Price Increased 3%
Relisted 3%
Inventory 29
Median Rent
Market Action 66
Strong Seller's Market

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
$488,000 1,707 0 - 4,500 sqft 3 3 2 1 2 28
$409,000 1,336 0 - 4,500 sqft 2 3 5 0 2 28
$379,900 1,189 0 - 4,500 sqft 2 2 15 0 0 70
$337,388 1,102 0 - 4,500 sqft 2 2 35 0 1 14