Navi Title Agency

Gilbert, AZ 85298

Single-Family Homes

Here is your weekly Market Update!



Gilbert, AZ 85298

Tue May 28 2024
This week the median list price for Gilbert, AZ 85298 is $825,000 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has decreased to 107. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Gilbert, AZ 85298

Tue May 28 2024
This week the median list price for Gilbert, AZ 85298 is $825,000 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has decreased to 107. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $825,000
Median Price of New Listings $667,500
Per Square Foot $308
Average Days on Market 53
Median Days on Market 28
Price Decreased 50%
Price Increased 5%
Relisted 2%
Inventory 107
Median Rent
Market Action 48
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$1,772,450 4,533 0.5 - 1 acre 5 5 9 4 2 56
$959,900 3,499 8,000 - 10,000 sqft 4 4 9 3 4 35
$724,990 2,477 8,000 - 10,000 sqft 4 3 14 3 8 49
$559,900 1,815 6,500 - 8,000 sqft 3 2 19 8 9 14