Lawyers Title Market Report

Gilbert, AZ

Single-Family Homes

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Gilbert, AZ

Mon Jun 21 2021
This week the median list price for Gilbert, AZ is $550,000 with the market action index hovering around 97. This is less than last month's market action index of 100. Inventory has increased to 219. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Gilbert, AZ

Mon Jun 21 2021
This week the median list price for Gilbert, AZ is $550,000 with the market action index hovering around 97. This is less than last month's market action index of 100. Inventory has increased to 219. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $550,000
Median Price of New Listings $550,000
Per Square Foot $240
Average Days on Market 26
Median Days on Market 7
Price Decreased 15%
Price Increased 6%
Relisted 2%
Inventory 219
Median Rent $2,500
Market Action 97
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
$1,035,000 4,222 0.25 - 0.5 acre 5 4 17 22 15 7
$615,000 2,753 8,000 - 10,000 sqft 4 3 16 26 18 14
$500,000 2,180 6,500 - 8,000 sqft 4 2 21 26 20 7
$399,900 1,524 4,500 - 6,500 sqft 3 2 21 29 22 0