Clear Title Agency of Arizona

Gilbert, AZ 85296

Single-Family Homes

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Gilbert, AZ 85296

Fri Jul 01 2022
This week the median list price for Gilbert, AZ 85296 is $625,000 with the market action index hovering around 80. This is less than last month's market action index of 88. Inventory has increased to 81. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 85296

Fri Jul 01 2022
This week the median list price for Gilbert, AZ 85296 is $625,000 with the market action index hovering around 80. This is less than last month's market action index of 88. Inventory has increased to 81. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $625,000
Median Price of New Listings $607,500
Per Square Foot $301
Average Days on Market 21
Median Days on Market 14
Price Decreased 43%
Price Increased 1%
Relisted 4%
Inventory 81
Median Rent
Market Action 80
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
$997,000 3,674 0.25 - 0.5 acre 5 3.3 17 5 3 14
$684,999 2,263 6,500 - 8,000 sqft 4 2.3 25 6 4 10
$587,000 1,990 4,500 - 6,500 sqft 4 2.5 21 6 5 14
$519,972 1,654 4,500 - 6,500 sqft 3 2 24 7 4 7