First Integrity Title Market Report

Gilbert, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 303.837.9171



Gilbert, AZ

Thu Dec 08 2022
This week the median list price for Gilbert, AZ is $416,200 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has decreased to 36. 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 $416,200 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has decreased to 36. 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 $416,200
Median Price of New Listings $336,500
Per Square Foot $298
Average Days on Market 70
Median Days on Market 60
Price Decreased 58%
Price Increased 0%
Relisted 3%
Inventory 36
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
$599,900 2,048 0 - 4,500 sqft 3 3 3 0 0 98
$435,000 1,549 0 - 4,500 sqft 3 2.5 3 0 0 77
$385,000 1,368 0 - 4,500 sqft 3 2 18 0 2 28
$325,000 1,006 0 - 4,500 sqft 2 2 33 2 0 35