Your Localized Market Report

Gilbert, AZ 85296

Single-Family Homes

Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com



Gilbert, AZ 85296

Fri Mar 29 2024
This week the median list price for Gilbert, AZ 85296 is $610,000 with the market action index hovering around 54. This is an increase over last month's market action index of 50. Inventory has decreased to 49. 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 85296

Fri Mar 29 2024
This week the median list price for Gilbert, AZ 85296 is $610,000 with the market action index hovering around 54. This is an increase over last month's market action index of 50. Inventory has decreased to 49. 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 $610,000
Median Price of New Listings $530,000
Per Square Foot $279
Average Days on Market 54
Median Days on Market 28
Price Decreased 45%
Price Increased 8%
Relisted 8%
Inventory 49
Median Rent
Market Action 54
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,725,000 3,857 0.25 - 0.5 acre 5 4 4 3 4 28
$699,500 2,733 6,500 - 8,000 sqft 4 3 26 0 4 35
$592,000 2,195 4,500 - 6,500 sqft 4 3 26 2 3 28
$500,000 1,719 4,500 - 6,500 sqft 3 3 22 4 5 35