Navi Title Agency

Gilbert, AZ 85298

Single-Family Homes

Here is your weekly Market Update!



Gilbert, AZ 85298

Fri Jun 21 2024
This week the median list price for Gilbert, AZ 85298 is $820,000 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has decreased to 102. 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

Fri Jun 21 2024
This week the median list price for Gilbert, AZ 85298 is $820,000 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has decreased to 102. 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 $820,000
Median Price of New Listings $825,000
Per Square Foot $310
Average Days on Market 60
Median Days on Market 35
Price Decreased 62%
Price Increased 1%
Relisted 5%
Inventory 102
Median Rent
Market Action 48
Strong Seller's Market

Prices in this zip code seem to have settled around a 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
$2,199,000 4,432 0.5 - 1 acre 5 5 10 4 4 42
$974,024 3,249 0.25 - 0.5 acre 4 4 10 2 3 35
$725,000 2,622 8,000 - 10,000 sqft 4 3 9 1 3 38
$549,950 1,804 4,500 - 6,500 sqft 3 2 19 6 5 35