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Gilbert, AZ 85297

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Gilbert, AZ 85297

Thu Jan 20 2022
This week the median list price for Gilbert, AZ 85297 is $630,000 with the market action index hovering around 77. This is an increase over last month's market action index of 74. Inventory has decreased to 19. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Gilbert, AZ 85297

Thu Jan 20 2022
This week the median list price for Gilbert, AZ 85297 is $630,000 with the market action index hovering around 77. This is an increase over last month's market action index of 74. Inventory has decreased to 19. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $630,000
Median Price of New Listings $562,500
Per Square Foot $279
Average Days on Market 55
Median Days on Market 28
Price Decreased 11%
Price Increased 5%
Relisted 5%
Inventory 19
Median Rent $2,400
Market Action 77
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,675,000 4,978 0.25 - 0.5 acre 5 4.5 13 0 1 24
$690,000 2,935 6,500 - 8,000 sqft 4 2.5 21 1 2 56
$599,900 2,174 8,000 - 10,000 sqft 4 2 19 1 0 63
$510,900 1,705 4,500 - 6,500 sqft 3 2 15 2 4 7