Lawyers Title Market Report

Gilbert, AZ 85295

Single-Family Homes

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Gilbert, AZ 85295

Mon Jun 21 2021
This week the median list price for Gilbert, AZ 85295 is $499,500 with the market action index hovering around 67. This is less than last month's market action index of 68. Inventory has increased to 86. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Gilbert, AZ 85295

Mon Jun 21 2021
This week the median list price for Gilbert, AZ 85295 is $499,500 with the market action index hovering around 67. This is less than last month's market action index of 68. Inventory has increased to 86. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $499,500
Median Price of New Listings $475,000
Per Square Foot $225
Average Days on Market 39
Median Days on Market 11
Price Decreased 8%
Price Increased 6%
Relisted 2%
Inventory 86
Median Rent $2,625
Market Action 67
Strong Seller's Market

While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$730,500 3,739 0.25 - 0.5 acre 5 4 18 10 2 21
$550,000 2,702 6,500 - 8,000 sqft 4 3 14 9 4 14
$457,450 2,000 4,500 - 6,500 sqft 3 3 19 11 4 3
$379,950 1,487 0 - 4,500 sqft 3 2 16 11 3 3