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Gilbert, AZ 85234
Single-Family Homes
Here is your weekly Market Update!
Gilbert, AZ 85234
Sat May 10 2025
This week the median list price for Gilbert, AZ 85234 is $591,499 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has increased to 118.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
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
| Median List Price | $591,499 | |
| Median Price of New Listings | $674,950 | |
| Per Square Foot | $298 | |
| Average Days on Market | 65 | |
| Median Days on Market | 35 | |
| Price Decreased | 53% | |
| Price Increased | 4% | |
| Relisted | 7% | |
| Inventory | 118 | |
| Median Rent | ||
| Market Action | 42 | |
| Slight Seller's Advantage | ||
Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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 |
|---|---|---|---|---|---|---|---|---|
| $1,199,000 | 3,727 | 0.25 - 0.5 acre | 4 | 3 | 30 | 6 | 3 | 49 |
| $699,000 | 2,623 | 6,500 - 8,000 sqft | 4 | 3 | 31 | 5 | 7 | 28 |
| $564,000 | 1,892 | 6,500 - 8,000 sqft | 4 | 2 | 30 | 4 | 3 | 38 |
| $482,500 | 1,515 | 4,500 - 6,500 sqft | 3 | 2 | 34 | 5 | 5 | 28 |