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 SEPTEMBER and AUGUST RESULTS
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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 August are up +$3 from July, up +$5 from last August, and down -$21 from their peak in May '22
Last month, sellers received an average of -$8,107 less than their asking prices
September 2024 began 500 listings, which is 163% of the 3 year average of 307 (from 2021-2023)
August had 234 sales, or 75% of the 3 year average of 310 (from 2021-2023)
Gilbert is currently turning over housing inventory once every 1.8 months
Bank-owned properties and short sales make up only 0.0% of all Gilbert sales
Gilbert Housing Market Report Updated in September 2024
To reduce data errors results are based on:
Gilbert SOLD single family residences, patio homes, and townhomes (ask us about condos)
List/sales price under $1,000,000
Size over 1,000 sq ft.
Calendar month
Gilbert sales data below will increase your understanding the local housing market (we have city data archived back to January 2008).
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Month | Total Active | Total Sold | % Sold | MO. INV. | Sq ft | Price | DOM | $$ sq ft | +/- List Price |
Sep-24 | 500 |
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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 |
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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 |
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Mar-23 | 408 | 319 | 78.2% | 1.3 | 2,126 | $544,877 | 77 | $256 |
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Feb-23 | 497 | 211 | 42.5% | 2.4 | 2,123 | $540,913 | 86 | $255 |
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Jan-23 | 541 | 148 | 27.4% | 3.7 | 2,167 | $549,727 | 79 | $254 |
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Dec-22 | 633 | 181 | 28.6% | 3.5 | 2,108 | $552,856 | 64 | $262 |
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Nov-22 | 753 | 232 | 30.8% | 3.2 | 2,137 | $555,750 | 59 | $260 |
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Oct-22 | 795 | 222 | 27.9% | 3.6 | 2,111 | $571,058 | 52 | $271 |
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Sep-22 | 782 | 298 | 38.1% | 2.6 | 2,204 | $588,715 | 47 | $267 |
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Aug-22 | 774 | 246 | 31.8% | 3.1 | 2,137 | $599,227 | 39 | $280 |
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Jul-22 | 580 | 257 | 44.3% | 2.3 | 2,158 | $617,294 | 27 | $286 |
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Jun-22 | 343 | 343 | 100.0% | 1.0 | 2,129 | $625,323 | 24 | $294 |
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May-22 | 153 | 346 | 226.1% | 0.4 | 2,150 | $633,629 | 18 | $295 |
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Apr-22 | 90 | 359 | 398.9% | 0.3 | 2,144 | $617,074 | 20 | $288 |
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Mar-22 | 100 | 434 | 434.0% | 0.2 | 2,218 | $613,479 | 23 | $277 |
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Feb-22 | 127 | 363 | 285.8% | 0.3 | 2,119 | $579,625 | 29 | $274 |
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Jan-22 | 168 | 292 | 173.8% | 0.6 | 2,082 | $552,050 | 29 | $265 |
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Dec-21 | 194 | 359 | 185.1% | 0.5 | 2,141 |
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Nov-21 | 249 | 412 | 165.5% | 0.6 | 2,178 | $557,152 | 26 | $256 |
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Oct-21 | 264 | 370 | 140.2% | 0.7 | 2,202 | $549,260 | 23 | $249 |
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Sep-21 | 247 | 494 | 200.0% | 0.5 | 2,168 | $542,999 | 23 | $250 |
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Aug-21 | 230 | 402 | 174.8% | 0.6 | 2,203 | $540,408 | 21 | $245 |
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Jul-21 | 165 | 425 | 257.6% | 0.4 | 2,230 | $542,675 | 19 | $243 |
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Jun-21 | 121 | 469 | 387.6% | 0.3 | 2,231 | $533,281 | 17 | $239 |
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May-21 | 73 | 435 | 595.9% | 0.2 | 2,250 | $525,660 | 16 | $234 |
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Apr-21 | 91 | 448 | 492.3% | 0.2 | 2,192 | $491,417 | 16 | $224 |
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Mar-21 | 111 | 411 | 370.3% | 0.3 | 2,344 | $502,633 | 20 | $214 |
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Feb-21 | 70 | 325 | 464.3% | 0.2 | 2,227 | $469,029 | 22 | $211 |
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Jan-21 | 89 | 297 | 333.7% | 0.3 | 2,191 | $444,711 | 25 | $203 |
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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.
Total Active – # of homes for sale at the beginning of the current month
Total Sold – # of homes sold in the current month
% Sold – a ratio of total sold to total active
MO. INV. – based on total sold, how many months it would take to sell the total “active” inventory
Sq ft – average square footage of sold homes
Price – average sales price of sold homes
DOM – Days On Market, or average days to sale
$ sq ft – average price per square foot
+/- 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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