Lawyers Title Market Report

Gilbert, AZ

Single-Family Homes

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Gilbert, AZ

Fri Apr 19 2019
This week the median list price for Gilbert, AZ is $399,999 with the market action index hovering around 41. This is an increase over last month's market action index of 39. Inventory has held steady at or around 870. Click here to stay informed with the Gilbert market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Gilbert, AZ

Fri Apr 19 2019
This week the median list price for Gilbert, AZ is $399,999 with the market action index hovering around 41. This is an increase over last month's market action index of 39. Inventory has held steady at or around 870. Click here to stay informed with the Gilbert market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $399,999
Per Square Foot $168
Days on Market 59
Price Decreased 43%
Price Increased 5%
Relisted 5%
Inventory 870
Median House Rent $1,873
Most Expensive $2,495,000
Least Expensive $230,000
Market Action Index
Slight Seller's Advantage
41

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
$735,000 4,084 0.25 - 0.5 acre 5 3 14 18 15 87
$445,000 2,941 8,000 - 10,000 sqft 4 3 14 34 22 58
$359,900 2,165 6,500 - 8,000 sqft 4 2 17 34 33 48
$294,000 1,675 0 - 4,500 sqft 3 2 17 51 52 42