Navi Title Agency

Gilbert, AZ 85234

Single-Family Homes

Here is your weekly Market Update!



Gilbert, AZ 85234

Fri Jun 02 2023
This week the median list price for Gilbert, AZ 85234 is $649,000 with the market action index hovering around 67. This is an increase over last month's market action index of 64. Inventory has decreased to 41. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Gilbert, AZ 85234

Fri Jun 02 2023
This week the median list price for Gilbert, AZ 85234 is $649,000 with the market action index hovering around 67. This is an increase over last month's market action index of 64. Inventory has decreased to 41. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $649,000
Median Price of New Listings $600,000
Per Square Foot $284
Average Days on Market 57
Median Days on Market 28
Price Decreased 49%
Price Increased 7%
Relisted 10%
Inventory 41
Median Rent
Market Action 67
Strong Seller's Market

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.

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
$1,662,500 4,136 0.25 - 0.5 acre 5 4.3 27 1 2 52
$702,450 3,135 8,000 - 10,000 sqft 4 3 24 1 5 24
$609,975 2,163 6,500 - 8,000 sqft 4 2.5 28 3 4 31
$500,000 1,824 4,500 - 6,500 sqft 3 2.5 30 4 4 28