Amy Gerrish, Realtor & Data Scientist.

Gilbert, AZ 85298

Single-Family Homes

Realty Executives



Gilbert, AZ 85298

Mon Oct 19 2020
This week the median list price for Gilbert, AZ 85298 is $612,500 with the market action index hovering around 78. This is about the same as last month's market action index of 78. Inventory has held steady at or around 62. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Gilbert, AZ 85298

Mon Oct 19 2020
This week the median list price for Gilbert, AZ 85298 is $612,500 with the market action index hovering around 78. This is about the same as last month's market action index of 78. Inventory has held steady at or around 62. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $612,500
Per Square Foot $217
Days on Market 43
Price Decreased 35%
Price Increased 2%
Relisted 3%
Inventory 62
Median Rent $2,200
Most Expensive $3,349,000
Least Expensive $329,000
Market Action 78
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift 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
$1,199,000 4,650 0.5 - 1 acre 5 4 16 5 2 57
$660,000 3,074 8,000 - 10,000 sqft 4 3 5 0 2 84
$561,950 2,909 8,000 - 10,000 sqft 4 3 13 7 5 22
$419,250 2,023 0 - 4,500 sqft 3 2 14 7 7 9