Navi Title Agency

Gilbert, AZ 85297

Single-Family Homes

Here is your weekly Market Update!



Gilbert, AZ 85297

Thu Feb 29 2024
This week the median list price for Gilbert, AZ 85297 is $619,999 with the market action index hovering around 56. This is about the same as last month's market action index of 56. Inventory has increased to 40. 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 recently plateaued. 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 85297

Thu Feb 29 2024
This week the median list price for Gilbert, AZ 85297 is $619,999 with the market action index hovering around 56. This is about the same as last month's market action index of 56. Inventory has increased to 40. 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 recently plateaued. 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 $619,999
Median Price of New Listings $495,000
Per Square Foot $262
Average Days on Market 40
Median Days on Market 21
Price Decreased 38%
Price Increased 8%
Relisted 10%
Inventory 40
Median Rent
Market Action 56
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
$949,500 3,598 0.25 - 0.5 acre 5 4 16 3 3 21
$777,000 3,196 8,000 - 10,000 sqft 5 3 20 1 2 35
$522,500 1,995 6,500 - 8,000 sqft 4 2.5 21 2 2 28
$472,388 1,658 4,500 - 6,500 sqft 3 2.5 19 5 1 7