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Gilbert, AZ 85298

Single-Family Homes

Here is your weekly Market Update!



Gilbert, AZ 85298

Fri Dec 13 2024
This week the median list price for Gilbert, AZ 85298 is $792,000 with the market action index hovering around 36. This is an increase over last month's market action index of 34. Inventory has decreased to 128. 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.

Slight Seller's Advantage

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Gilbert, AZ 85298

Fri Dec 13 2024
This week the median list price for Gilbert, AZ 85298 is $792,000 with the market action index hovering around 36. This is an increase over last month's market action index of 34. Inventory has decreased to 128. 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.

Slight Seller's Advantage

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $792,000
Median Price of New Listings $885,000
Per Square Foot $304
Average Days on Market 75
Median Days on Market 63
Price Decreased 49%
Price Increased 4%
Relisted 4%
Inventory 128
Median Rent
Market Action 36
Slight Seller's Advantage

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
$1,559,999 4,237 0.5 - 1 acre 4 5 10 2 3 42
$852,500 3,390 8,000 - 10,000 sqft 4 3 13 1 0 66
$707,945 2,618 6,500 - 8,000 sqft 4 3 9 0 3 70
$550,000 1,767 4,500 - 6,500 sqft 3 2 14 2 3 63