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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's 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|
|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.
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|