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January 2025 Gilbert Housing Market Report

Writer's picture: Ron WilczekRon Wilczek


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Source for monthly Gilbert Housing Market Report by Realtors serving Gilbert, AZ. Information is power. Facts not fiction from the Arizona Regional Multiple Listing Service (ARMLS).


  Text 602-300-0374




LISTINGS TO BEGIN JANUARY and DECEMBER RESULTS


(Table may require a swipe left on mobile devices)

Strong Buyer's Market

Buyer's Market

Balanced

Seller's Market

Strong Seller's Market

On a price per-square foot average (see charts below):

  • At $274 per-square foot, prices in December are up $2 from November, up $3 from last December, but down $21 from their peak in May '22

  • Last month, sellers received an average of -$11,597 less than their asking prices

  • January 2025 began 424 listings, which is 108% of the 3 year average of 392  (from 2022-2024) 

  • December had 193 sales, or 62% of the 3 year average of 310 (from 2021-2023)

  • Gilbert is currently turning over housing inventory once every 2.5 months

  • Days on market for sold homes are currently 67

  • Bank-owned properties and short sales made up only 0.0% of all Gilbert sales last month

    

  

Gilbert Housing Market Report Updated in January 2025


To reduce data errors results are based on:

  1. Gilbert SOLD single family residences, patio homes, and townhomes (ask us about condos)

  2. List/sales price under $1,000,000

  3. Size over 1,000 sq ft.

  4. Calendar month



Gilbert sales data below will increase your understanding the local housing market (we have city data archived back to January 2008).


 

(Table may require a swipe left on mobile devices)

 

Month

Total Active

Total Sold

% Sold

MO. INV.

Sq ft

Price

DOM

$$ sq ft

+/- List Price

Jan-25

424

 

 

 

 

 

 

 

 

Dec-24

482

193

40.0%

2.5

2,125

$581,749

67

$274

-$11,597

Nov-24

545

183

33.6%

3.0

2,233

$608,190

60

$272

-$10,562

Oct-24

558

206

36.9%

2.7

2,134

$590,723

54

$277

-$8,306

Sep-24

500

202

40.4%

2.5

2,155

$595,172

51

$276

-$8,490

Aug-24

430

234

54.4%

1.8

2,176

$596,011

53

$274

-$8,107

Jul-24

454

204

44.9%

2.2

2,293

$622,421

48

$271

-$7,881

Jun-24

401

260

64.8%

1.5

2,142

$605,715

44

$283

-$6,704

May-24

357

284

79.6%

1.3

2,166

$600,880

48

$277

-$5,107

Apr-24

329

278

84.5%

1.2

2,203

$598,920

47

$272

-$7,067

Mar-24

314

253

80.6%

1.2

2,109

$589,436

49

$279

-$7,782

Feb-24

291

210

72.2%

1.4

2,139

$583,938

46

$273

-$7,344

Jan-24

269

161

59.9%

1.7

2,146

$585,885

52

$273

-$6,863

 

 

 

 

 

 

 

 

 

 

Dec-23

310

153

49.4%

2.0

2,114

$572,930

44

$271

-$9,234

Nov-23

305

172

56.4%

1.8

2,141

$590,566

35

$276

-$6,265

Oct-23

245

214

87.3%

1.1

2,143

$580,701

40

$271

-$5,919

Sep-23

260

189

72.7%

1.4

2,239

$594,121

38

$265

-$6,936

Aug-23

207

249

120.3%

0.8

2,190

$588,794

43

$269

-$5,984

Jul-23

231

237

102.6%

1.0

2,154

$570,683

39

$265

-$2,408

Jun-23

237

243

102.5%

1.0

2,025

$559,858

37

$276

-$5,764

May-23

270

315

116.7%

0.9

2,179

$571,716

61

$262

-$5,774

Apr-23

355

286

80.6%

1.2

2,206

$572,245

75

$259

 

Mar-23

408

319

78.2%

1.3

2,126

$544,877

77

$256

 

Feb-23

497

211

42.5%

2.4

2,123

$540,913

86

$255

 

Jan-23

541

148

27.4%

3.7

2,167

$549,727

79

$254

 

 

 

 

 

 

 

 

 

 

 

Dec-22

633

181

28.6%

3.5

2,108

$552,856

64

$262

 

Nov-22

753

232

30.8%

3.2

2,137

$555,750

59

$260

 

Oct-22

795

222

27.9%

3.6

2,111

$571,058

52

$271

 

Sep-22

782

298

38.1%

2.6

2,204

$588,715

47

$267

 

Aug-22

774

246

31.8%

3.1

2,137

$599,227

39

$280

 

Jul-22

580

257

44.3%

2.3

2,158

$617,294

27

$286

 

Jun-22

343

343

100.0%

1.0

2,129

$625,323

24

$294

 

May-22

153

346

226.1%

0.4

2,150

$633,629

18

$295

 

Apr-22

90

359

398.9%

0.3

2,144

$617,074

20

$288

 

Mar-22

100

434

434.0%

0.2

2,218

$613,479

23

$277

 

Feb-22

127

363

285.8%

0.3

2,119

$579,625

29

$274

 

Jan-22

168

292

173.8%

0.6

2,082

$552,050

29

$265

 


 

 

Table Explanation for Gilbert Housing Market Report

NOTE: we use the term “foreclosure” to describe bank owned homes and short sales because most people are familiar with it. “Distressed Properties” may be more accurate.

  1. Total Active – # of homes for sale at the beginning of the current month

  2. Total Sold – # of homes sold in the current month

  3. % Sold – a ratio of total sold to total active

  4. MO. INV. – based on total sold, how many months it would take to sell the total “active” inventory

  5. Sq ft – average square footage of sold homes

  6. Price – average sales price of sold homes

  7. DOM – Days On Market, or average days to sale

  8. $ sq ft – average price per square foot

  9. +/- List Price – the average dollars received by sellers above or below their average list prices


Gilbert Housing Market Report by Realtors serving Gilbert, AZ

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