First Arizona Title's Market Report

Gilbert, AZ

Single-Family Homes

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



Gilbert, AZ

Tue Mar 28 2023
This week the median list price for Gilbert, AZ is $650,000 with the market action index hovering around 50. This is an increase over last month's market action index of 46. Inventory has decreased to 324. 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

Tue Mar 28 2023
This week the median list price for Gilbert, AZ is $650,000 with the market action index hovering around 50. This is an increase over last month's market action index of 46. Inventory has decreased to 324. 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 $650,000
Median Price of New Listings $595,450
Per Square Foot $270
Average Days on Market 81
Median Days on Market 42
Price Decreased 49%
Price Increased 3%
Relisted 6%
Inventory 324
Median Rent
Market Action 50
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change 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
$975,000 3,705 0.25 - 0.5 acre 5 3.5 18 6 10 56
$715,490 2,899 8,000 - 10,000 sqft 4 3 20 13 15 49
$590,000 2,127 6,500 - 8,000 sqft 3 2.5 19 12 21 42
$489,900 1,687 4,500 - 6,500 sqft 3 2 21 15 26 35