Lawyers Title Market Report

Gilbert, AZ 85233

Single-Family Homes

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Gilbert, AZ 85233

Sat Jun 12 2021
This week the median list price for Gilbert, AZ 85233 is $529,000 with the market action index hovering around 96. This is an increase over last month's market action index of 94. Inventory has increased to 20. 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 and prices have recently resumed upward pressure.

Gilbert, AZ 85233

Sat Jun 12 2021
This week the median list price for Gilbert, AZ 85233 is $529,000 with the market action index hovering around 96. This is an increase over last month's market action index of 94. Inventory has increased to 20. 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 and prices have recently resumed upward pressure.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $529,000
Median Price of New Listings $525,000
Per Square Foot $235
Average Days on Market 15
Median Days on Market 4
Price Decreased 5%
Price Increased 15%
Relisted 5%
Inventory 20
Median Rent $2,250
Market Action 96
Strong Seller's Market

Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.

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
$689,000 3,830 8,000 - 10,000 sqft 4 3 20 2 1 7
$575,000 2,413 6,500 - 8,000 sqft 4 3 25 2 2 21
$525,000 2,180 4,500 - 6,500 sqft 4 2 25 4 2 0
$430,000 1,600 4,500 - 6,500 sqft 3 2 29 3 3 0