The First American Title Market Report

Gilbert, AZ

Single-Family Homes

Arizona Direct Operations



Gilbert, AZ

Mon Oct 19 2020
This week the median list price for Gilbert, AZ is $497,000 with the market action index hovering around 79. This is an increase over last month's market action index of 78. Inventory has held steady at or around 308. 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

Mon Oct 19 2020
This week the median list price for Gilbert, AZ is $497,000 with the market action index hovering around 79. This is an increase over last month's market action index of 78. Inventory has held steady at or around 308. 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 $497,000
Per Square Foot $203
Days on Market 36
Price Decreased 21%
Price Increased 7%
Relisted 3%
Inventory 308
Median Rent $1,995
Most Expensive $3,349,000
Least Expensive $283,990
Market Action 79
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change 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
$865,000 4,350 0.5 - 1 acre 5 4 14 13 8 76
$589,900 3,156 8,000 - 10,000 sqft 4 3 14 20 10 42
$420,000 2,129 4,500 - 6,500 sqft 4 2 18 37 34 12
$339,900 1,623 0 - 4,500 sqft 3 2 17 46 31 13