Lawyers Title Market Report

Gilbert, AZ 85234

Single-Family Homes

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Gilbert, AZ 85234

Sat Jun 12 2021
This week the median list price for Gilbert, AZ 85234 is $622,000 with the market action index hovering around 98. This is less than last month's market action index of 100. Inventory has increased to 28. 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 85234

Sat Jun 12 2021
This week the median list price for Gilbert, AZ 85234 is $622,000 with the market action index hovering around 98. This is less than last month's market action index of 100. Inventory has increased to 28. 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 $622,000
Median Price of New Listings $564,997
Per Square Foot $245
Average Days on Market 21
Median Days on Market 7
Price Decreased 14%
Price Increased 14%
Relisted 7%
Inventory 28
Median Rent $2,540
Market Action 98
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,400,000 4,624 0.5 - 1 acre 5 3 26 1 0 35
$739,000 3,201 0.25 - 0.5 acre 4 3 20 4 5 0
$559,999 2,457 6,500 - 8,000 sqft 4 3 28 4 3 0
$455,000 1,884 6,500 - 8,000 sqft 3 2 22 5 7 0