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.
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
| 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 |