First Arizona Title's Market Report

Gilbert, AZ

Single-Family Homes

First Arizona Title Agency | (480) 385-6500 | www.FirstAZTitle.com



Gilbert, AZ

Thu Jan 28 2021
This week the median list price for Gilbert, AZ is $569,900 with the market action index hovering around 84. This is about the same as last month's market action index of 84. Inventory has held steady at or around 133. 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 has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Gilbert, AZ

Thu Jan 28 2021
This week the median list price for Gilbert, AZ is $569,900 with the market action index hovering around 84. This is about the same as last month's market action index of 84. Inventory has held steady at or around 133. 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 has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $569,900
Per Square Foot $209
Days on Market 39
Price Decreased 19%
Price Increased 6%
Relisted 2%
Inventory 133
Median Rent $2,000
Most Expensive $2,195,000
Least Expensive $289,975
Market Action 84
Strong Seller's Market

While this week the median didn’t fluctuate much, prices continue to sit at all time highs. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$975,000 4,467 0.5 - 1 acre 5 4 18 5 7 80
$650,000 3,392 0.25 - 0.5 acre 4 3 17 12 9 53
$450,000 2,308 6,500 - 8,000 sqft 4 2 18 12 14 12
$367,450 1,611 4,500 - 6,500 sqft 3 2 19 21 14 11