Tue May 26 2020
This week the median list price for Gilbert, AZ is $446,000 with the market action index hovering around 65. This is less than last month's market action index of 68. Inventory has held steady at or around 382.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$446,000|
|Per Square Foot||$184|
|Days on Market||55|
|Strong Seller's Market|
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$810,000||3,976||0.5 - 1 acre||4||3||13||11||12||94|
|$539,000||3,130||8,000 - 10,000 sqft||4||3||14||21||27||54|
|$399,700||2,323||0 - 4,500 sqft||4||2||16||23||36||40|
|$328,500||1,716||0 - 4,500 sqft||3||2||17||30||34||29|