Lawyers Title Market Report

Gilbert, AZ

Single-Family Homes

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Gilbert, AZ

Wed Nov 13 2019
This week the median list price for Gilbert, AZ is $449,959 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has held steady at or around 478. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Gilbert, AZ

Wed Nov 13 2019
This week the median list price for Gilbert, AZ is $449,959 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has held steady at or around 478. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $449,959
Per Square Foot $172
Days on Market 57
Price Decreased 49%
Price Increased 6%
Relisted 2%
Inventory 478
Median House Rent $1,849
Most Expensive $2,999,999
Least Expensive $207,000
Market Action Index
Strong Seller's Market
57

The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.

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
$799,000 4,350 0.25 - 0.5 acre 5 4 12 7 6 91
$529,000 3,269 8,000 - 10,000 sqft 4 3 11 13 21 61
$399,949 2,444 4,500 - 6,500 sqft 4 2 17 18 17 51
$328,950 1,893 0 - 4,500 sqft 3 2 16 36 42 24