First Integrity Title Market Report

Gilbert, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372



Gilbert, AZ

Thu Mar 30 2023
This week the median list price for Gilbert, AZ is $449,000 with the market action index hovering around 43. This is an increase over last month's market action index of 40. Inventory has decreased to 27. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Gilbert, AZ

Thu Mar 30 2023
This week the median list price for Gilbert, AZ is $449,000 with the market action index hovering around 43. This is an increase over last month's market action index of 40. Inventory has decreased to 27. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $449,000
Median Price of New Listings $447,000
Per Square Foot $289
Average Days on Market 87
Median Days on Market 56
Price Decreased 63%
Price Increased 7%
Relisted 0%
Inventory 27
Median Rent
Market Action 43
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
$588,000 1,845 0 - 4,500 sqft 3 2.5 3 0 0 182
$480,000 1,915 0 - 4,500 sqft 3 2.5 3 1 1 56
$410,000 1,308 0 - 4,500 sqft 3 2.5 15 1 1 49
$375,900 1,107 0 - 4,500 sqft 2 2 35 0 2 49