First Arizona Title's Market Report

Gilbert, AZ

Single-Family Homes

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



Gilbert, AZ

Sun Apr 18 2021
This week the median list price for Gilbert, AZ is $510,000 with the market action index hovering around 97. This is an increase over last month's market action index of 91. Inventory has held steady at or around 137. 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 have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Gilbert, AZ

Sun Apr 18 2021
This week the median list price for Gilbert, AZ is $510,000 with the market action index hovering around 97. This is an increase over last month's market action index of 91. Inventory has held steady at or around 137. 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 have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $510,000
Per Square Foot $227
Days on Market 0
Price Decreased 7%
Price Increased 7%
Relisted 1%
Inventory 137
Median Rent $2,230
Most Expensive $3,200,000
Least Expensive $295,000
Market Action 97
Strong Seller's Market

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,099,000 4,256 0.5 - 1 acre 5 4 14 14 9 7
$596,500 2,785 8,000 - 10,000 sqft 4 3 17 19 14 3
$459,950 2,136 4,500 - 6,500 sqft 4 2 16 24 20 0
$385,000 1,661 0 - 4,500 sqft 3 2 19 19 14 7