Is Gilbert, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
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
$576,509
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$65,931(+12.9%)
Key Takeaway
Homes in Gilbert have sold for 12.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $200K | $232.5K | +16.3% |
| 2 Bedrooms | $380K | $435K | +14.5% |
| 3 Bedrooms | $455K | $514.1K | +13.0% |
| 4 Bedrooms | $564.7K | $634.9K | +12.4% |
| 5+ Bedrooms | $714.9K | $826K | +15.5% |
Median Sold Price Compared To Nearby Cities
| Queen Creek | $517.6K | $610.6K | +18.0% |
| Gilbert | $510.5K | $576.5K | +12.9% |
| Queen Creek | $580.2K | $651.8K | +12.3% |
| Mesa | $405K | $450.3K | +11.2% |
| Chandler | $471.5K | $523.9K | +11.1% |
How many homes are available in Gilbert, AZ?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 993 | 1,072 | +8.0% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 60 | 67 | +11.7% |
| 3 Bedrooms | 396 | 427 | +7.8% |
| 4 Bedrooms | 366 | 389 | +6.3% |
| 5+ Bedrooms | 169 | 186 | +10.1% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 159 | 204 | +28.3% |
Asking Price vs. Sold Price
139 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gilbert, you may be able to get a good deal. 68.1% of homes here sold below asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 30 Days | 88 Days | +193.4% |
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
56 Homes Were Sold
In 30 - 90 Days
93 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Gilbert are taking a long time to sell, it's a good idea to negotiate on homes here.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2023 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.