Lawyers Title Market Report

Gilbert, AZ 85297

Single-Family Homes

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Gilbert, AZ 85297

Sat Jun 12 2021
This week the median list price for Gilbert, AZ 85297 is $620,000 with the market action index hovering around 95. This is about the same as last month's market action index of 95. Inventory has increased to 19. 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 strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Gilbert, AZ 85297

Sat Jun 12 2021
This week the median list price for Gilbert, AZ 85297 is $620,000 with the market action index hovering around 95. This is about the same as last month's market action index of 95. Inventory has increased to 19. 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 strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $620,000
Median Price of New Listings $550,000
Per Square Foot $228
Average Days on Market 12
Median Days on Market 0
Price Decreased 0%
Price Increased 5%
Relisted 0%
Inventory 19
Median Rent $2,573
Market Action 95
Strong Seller's Market

Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.

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
$1,590,447 4,115 0.5 - 1 acre 5 5 8 2 2 3
$649,900 3,226 0.25 - 0.5 acre 4 3 14 3 3 14
$550,000 2,457 8,000 - 10,000 sqft 4 3 17 4 3 0
$475,000 1,674 6,500 - 8,000 sqft 4 2 17 5 4 0