First Arizona Title's Market Report

Gilbert, AZ

Single-Family Homes

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



Gilbert, AZ

Sun Aug 01 2021
This week the median list price for Gilbert, AZ is $554,950 with the market action index hovering around 91. This is less than last month's market action index of 94. Inventory has increased to 250. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Gilbert, AZ

Sun Aug 01 2021
This week the median list price for Gilbert, AZ is $554,950 with the market action index hovering around 91. This is less than last month's market action index of 94. Inventory has increased to 250. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $554,950
Median Price of New Listings $534,900
Per Square Foot $253
Average Days on Market 24
Median Days on Market 7
Price Decreased 23%
Price Increased 6%
Relisted 2%
Inventory 250
Median Rent $2,449
Market Action 91
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
$1,007,500 4,140 0.5 - 1 acre 5 3 18 18 17 21
$617,500 2,674 6,500 - 8,000 sqft 4 3 19 18 20 7
$520,000 2,072 4,500 - 6,500 sqft 4 2 17 31 21 7
$430,000 1,655 4,500 - 6,500 sqft 3 2 22 24 21 7