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Gilbert, AZ 85296

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Gilbert, AZ 85296

Thu Jan 20 2022
This week the median list price for Gilbert, AZ 85296 is $572,500 with the market action index hovering around 85. This is an increase over last month's market action index of 84. Inventory has decreased to 32. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Gilbert, AZ 85296

Thu Jan 20 2022
This week the median list price for Gilbert, AZ 85296 is $572,500 with the market action index hovering around 85. This is an increase over last month's market action index of 84. Inventory has decreased to 32. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $572,500
Median Price of New Listings $570,000
Per Square Foot $268
Average Days on Market 52
Median Days on Market 28
Price Decreased 13%
Price Increased 9%
Relisted 0%
Inventory 32
Median Rent $2,299
Market Action 85
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$702,450 3,099 8,000 - 10,000 sqft 4 3 23 3 2 35
$599,600 2,361 6,500 - 8,000 sqft 4 2.3 23 4 1 28
$528,500 1,807 4,500 - 6,500 sqft 3 2 24 5 2 31
$492,950 1,536 4,500 - 6,500 sqft 3 2 22 3 4 21