The First American Title Market Report

Gilbert, AZ

Single-Family Homes

Arizona Direct Operations



Gilbert, AZ

Fri Jan 21 2022
This week the median list price for Gilbert, AZ is $599,900 with the market action index hovering around 83. This is about the same as last month's market action index of 83. Inventory has decreased to 159. 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

Fri Jan 21 2022
This week the median list price for Gilbert, AZ is $599,900 with the market action index hovering around 83. This is about the same as last month's market action index of 83. Inventory has decreased to 159. 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 $599,900
Median Price of New Listings $592,500
Per Square Foot $275
Average Days on Market 41
Median Days on Market 21
Price Decreased 19%
Price Increased 5%
Relisted 2%
Inventory 159
Median Rent $2,450
Market Action 83
Strong Seller's Market

The market appears to be 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
$819,000 3,232 0.25 - 0.5 acre 4 3 17 16 9 21
$662,500 2,584 8,000 - 10,000 sqft 4 2.5 21 10 13 35
$564,850 2,071 6,500 - 8,000 sqft 4 2.3 19 15 10 21
$500,000 1,653 4,500 - 6,500 sqft 3 2 23 21 22 3