Clear Title Agency of Arizona

Gilbert, AZ 85298

Single-Family Homes

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Gilbert, AZ 85298

Fri Jul 01 2022
This week the median list price for Gilbert, AZ 85298 is $742,450 with the market action index hovering around 69. This is less than last month's market action index of 82. Inventory has increased to 102. 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 cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Gilbert, AZ 85298

Fri Jul 01 2022
This week the median list price for Gilbert, AZ 85298 is $742,450 with the market action index hovering around 69. This is less than last month's market action index of 82. Inventory has increased to 102. 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 cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $742,450
Median Price of New Listings $683,950
Per Square Foot $308
Average Days on Market 24
Median Days on Market 14
Price Decreased 52%
Price Increased 4%
Relisted 4%
Inventory 102
Median Rent
Market Action 69
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
$1,300,000 3,888 0.25 - 0.5 acre 4 3.5 12 6 3 35
$825,000 2,853 8,000 - 10,000 sqft 4 3 11 5 4 14
$699,950 2,368 8,000 - 10,000 sqft 4 2.5 14 6 1 21
$617,500 1,952 6,500 - 8,000 sqft 3 2 17 11 5 14