Is Gilbert, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gilbert is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, Gilbert has remained a Seller's Market.

Key Takeaway

Gilbert is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Gilbert, AZ cost?

Median Sold Price

$493,520

$244/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$104,788(+27.0%)

Key Takeaway

Homes in Gilbert have sold for 27% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $155K$183.7K
+18.5%
2 $289.3K$366.6K
+26.7%
3 $339.3K$439.9K
+29.7%
4 $421K$549.6K
+30.6%
5+ $540K$699.9K
+29.6%

Median Sold Price Compared To Nearby Cities

Queen Creek
+31.2%
Queen Creek
+27.8%
Gilbert
+27.0%
Mesa
+24.2%
Chandler
+23.9%

How many homes are available in Gilbert, AZ?

Number of Homes For Sale

Nov 2021Dec 2021%
1,127941-16.5%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 41
-75.0%
2 7571
-5.3%
3 489426
-12.9%
4 385309
-19.7%
5+ 174134
-23.0%

Number of Homes Sold

Nov 2021Dec 2021%
431376-12.8%

Asking Price vs. Sold Price

118 Homes Were Sold
Under Asking

85 Homes Were Sold
At Asking

173 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gilbert, you could pay more than the asking price. 46% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
28 Days29 Days+2.9%

Breakdown of Home Sale Times

223 Homes Were Sold
Under 30 Days

138 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gilbert are selling fast, if you're buying plan to act quickly.

About Gilbert, AZ

Gilbert, AZ has 941 homes for sale to choose from. The number of homes for sale in Gilbert, AZ decreased by 16.5% between November 2021 and December 2021. In December 2021, listings were on the market for 29 days. During the same period, the median list price in this real estate market was $493,520. This housing market listing prices have changed between November 2021 and December 2021: prices of 1 bedroom properties increased by 18.5%, prices of 2 bedrooms properties went up by 26.7%, prices of 3 bedrooms properties went up by 29.7%, prices of 4 bedrooms properties increased by 30.6%, prices of 5 bedrooms properties increased by 29.6%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 75% less available, 2 bedrooms homes became 5.3% less available, volume of 3 bedrooms homes went down by 12.9%, 4 bedrooms homes became 19.7% less available, 5 bedrooms homes became 23% less available. In December 2021, from all listings sold in Gilbert, AZ there were more than 173 sold above asking price, over 118 sold below and more than 85 were sold right at the asked price.

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