Navi Title Agency

Gilbert, AZ 85297

Single-Family Homes

Here is your weekly Market Update!



Gilbert, AZ 85297

Fri Jun 02 2023
This week the median list price for Gilbert, AZ 85297 is $689,900 with the market action index hovering around 60. This is an increase over last month's market action index of 55. Inventory has decreased to 33. 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

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 85297

Fri Jun 02 2023
This week the median list price for Gilbert, AZ 85297 is $689,900 with the market action index hovering around 60. This is an increase over last month's market action index of 55. Inventory has decreased to 33. 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

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 $689,900
Median Price of New Listings $703,750
Per Square Foot $285
Average Days on Market 56
Median Days on Market 35
Price Decreased 42%
Price Increased 3%
Relisted 3%
Inventory 33
Median Rent
Market Action 60
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$1,499,950 4,625 0.25 - 0.5 acre 4 4 14 1 1 42
$776,250 2,884 8,000 - 10,000 sqft 4 3 14 1 0 49
$649,950 2,231 8,000 - 10,000 sqft 3 2.8 8 1 4 49
$515,000 1,927 6,500 - 8,000 sqft 3 2 18 1 5 14