Navi Title Agency

Gilbert, AZ 85297

Single-Family Homes

Here is your weekly Market Update!



Gilbert, AZ 85297

Thu Mar 28 2024
This week the median list price for Gilbert, AZ 85297 is $669,950 with the market action index hovering around 53. This is less than last month's market action index of 57. Inventory has decreased to 38. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Mar 28 2024
This week the median list price for Gilbert, AZ 85297 is $669,950 with the market action index hovering around 53. This is less than last month's market action index of 57. Inventory has decreased to 38. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $669,950
Median Price of New Listings $579,900
Per Square Foot $282
Average Days on Market 39
Median Days on Market 28
Price Decreased 42%
Price Increased 0%
Relisted 0%
Inventory 38
Median Rent
Market Action 53
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
$1,299,900 3,551 0.25 - 0.5 acre 5 4 11 2 0 14
$799,000 3,512 8,000 - 10,000 sqft 4 3 17 0 0 35
$579,450 2,136 6,500 - 8,000 sqft 3 2 22 2 2 10
$477,500 1,764 4,500 - 6,500 sqft 3 2.5 19 1 2 28