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.
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
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
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