Gilbert, AZ Home Values & Market Trends

Real estate market trends reflect that there have been 4,175 transactions over the past year in Gilbert. The median value for residential home transactions that occurred over the previous year is $560,021.62. The number of current listings in Gilbert is 16, and the percentage of properties for sale in the city is 16.00%. Gilbert, AZ currently has 52 properties in foreclosure, 0 bank owned properties, 52 properties headed for auction, and 16 properties for sale.

Gilbert, AZ Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
85295

$ 582,504

$ 260/sqft

85297

$ 705,025

$ 246/sqft

85296

$ 720,000

$ 299/sqft

85233

$ 659,400

$ 285/sqft

85298

$ 999,000

$ 304/sqft

85234

$ 758,685

$ 233/sqft

Housing Market Summary for Gilbert, AZ

Mar 2023February 2024Change
Median Listing Price$639K$570K-10.80%
Median Sold Price$558.3K$570K2.09%
Homes For Sale26316-93.92%
Homes Sold3,4622,950-14.79%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Gilbert, AZ

Gilbert home values range from $55,603 to $36,041,583. The median estimated value of a home in Gilbert is $560,021.62. The median list price of a home is 699,750, and the total count of properties in the city is 86,393.

Foreclosure
There are 6 zips within Gilbert, AZ; within these zips, the median estimated home value for homes in foreclosure ranges from $1,003,917 in 85233 to the lowest value of $217,806 in 85233. Foreclosure homes account for 0.00% of properties in Gilbert, AZ with 85296 containing 11 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Gilbert, AZ with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 6 zips within Gilbert, AZ; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Gilbert, AZ ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Gilbert, AZ. There are 6 zips within Gilbert, AZ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    85296 has 11 auction properties, the highest number of properties going to auction in a single zip in the state of Gilbert, AZ. Auction homes and other auction properties account for 0.06% of all properties in Gilbert, AZ. There are 6 zips within Gilbert, AZ; of those zips, the median estimated home value for homes going to auction ranges from $769,219 in 85295 to the lowest value of $217,806 in 85295.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.02% of residential properties in Gilbert, AZ with 85295 containing 5 homes for sale, the highest number of listed properties in a single zip. There are 6 zips within Gilbert, AZ; homes for sale in those zips, have a range of median values from $1,499,900 in 85298 to the lowest value of $438,381 in 85295.
    Sold Homes
    The median value for recently sold homes ranges from $7,591,787 in 85298 to the lowest price of $55,603 in 85298. There are 6 zips within Gilbert, AZ. 85298 has 565 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.36% of properties in Gilbert, AZ.

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      Guide for Gilbert, AZ

      Market Reports
      Scottsdale Real Estate Peaks at $1.1M in 2023
      Market Reports
      Real Estate Trends in Phoenix and Surrounding Cities in 2023
      Home Buying Guides & Tips
      Tax Lien Foreclosure: What They Are & How They Work
      A Luxury Mansion
      Investing Strategies
      Winning A Luxury Real Estate Auctions: Key Tips
      See More Articles
      Scottsdale Real Estate Peaks at $1.1M in 2023
      Market Reports|posted 12 February 2024

      Scottsdale, Arizona’s real estate market exhibits strong growth and investment potential, with average property values peaking at $1.1 million in December 2023

      Real Estate Trends in Phoenix and Surrounding Cities in 2023
      Market Reports|posted 12 February 2024

      Market Report of Phoenix, AZ – December 2022-2023

      Tax Lien Foreclosure: What They Are & How They Work
      Home Buying Guides & Tips|posted 28 May 2013

      How to find government tax foreclosure homes – Buying a tax foreclosure is a great way to get a bargain on a home or rental property.

      A Luxury Mansion
      Winning A Luxury Real Estate Auctions: Key Tips
      Investing Strategies|posted 1 March 2024

      A few quick tips to prepare you for selling a luxury home at auction

      Recently Listed Homes Gilbert, AZ

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