First Arizona Title's Market Report

Gilbert, AZ

Single-Family Homes

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



Gilbert, AZ

Sat Nov 27 2021
This week the median list price for Gilbert, AZ is $583,097 with the market action index hovering around 87. This is an increase over last month's market action index of 83. Inventory has decreased to 220. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Gilbert, AZ

Sat Nov 27 2021
This week the median list price for Gilbert, AZ is $583,097 with the market action index hovering around 87. This is an increase over last month's market action index of 83. Inventory has decreased to 220. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $583,097
Median Price of New Listings $545,000
Per Square Foot $265
Average Days on Market 32
Median Days on Market 14
Price Decreased 27%
Price Increased 5%
Relisted 2%
Inventory 220
Median Rent $2,495
Market Action 87
Strong Seller's Market

The market seems to have paused around this plateau. 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
$814,900 3,315 0.25 - 0.5 acre 4 3 16 11 15 28
$625,000 2,418 6,500 - 8,000 sqft 4 2.5 18 15 18 21
$545,000 2,114 4,500 - 6,500 sqft 3 2 22 16 20 14
$465,000 1,604 4,500 - 6,500 sqft 3 2 20 25 22 7