Gilbert, MN Home Values & Market Trends

Real estate market trends reflect that there have been 63 transactions over the past year in Gilbert. The median value for residential home transactions that occurred over the previous year is $159,325.58. The number of current listings in Gilbert is 4, and the percentage of properties for sale in the city is 4.00%. Gilbert, MN currently has 3 properties in foreclosure, 1 bank owned properties, 2 properties headed for auction, and 4 properties for sale.

Gilbert, MN Real Estate Market Overview

ZipMedian Est. Value
55741

$ 367,000

$ 196/sqft

Housing Market Summary for Gilbert, MN

Apr 2023March 2024Change
Median Listing Price$107.5K$144.5K34.47%
Median Sold Price$146.7K$144.5K-1.52%
Homes For Sale4525.00%
Homes Sold324334.38%
Price
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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, MN

Gilbert home values range from $25,250 to $997,956. The median estimated value of a home in Gilbert is $159,325.58. The median list price of a home is 367,000, and the total count of properties in the city is 1,648.

Foreclosure
There is 1 zips within Gilbert, MN; within this zips, the median estimated home value for homes in foreclosure ranges from $240,358 in 55741 to the lowest value of $90,919 in 55741. Foreclosure homes account for 0.00% of properties in Gilbert, MN with 55741 containing 3 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, MN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Gilbert, MN; of that 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, MN ranges from the highest value of $90,919 in 55741 to the lowest value of $90,919 in 55741. Bank owned homes and properties account for 0.06% of properties in Gilbert, MN. There is 1 zips within Gilbert, MN; 55741 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    55741 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Gilbert, MN. Auction homes and other auction properties account for 0.12% of all properties in Gilbert, MN. There is 1 zips within Gilbert, MN; of that zips, the median estimated home value for homes going to auction ranges from $240,358 in 55741 to the lowest value of $134,452 in 55741.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.24% of residential properties in Gilbert, MN with 55741 containing 4 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Gilbert, MN; homes for sale in that zips, have a range of median values from $413,185 in 55741 to the lowest value of $42,261 in 55741.
    Sold Homes
    The median value for recently sold homes ranges from $436,187 in 55741 to the lowest price of $30,099 in 55741. There is 1 zips within Gilbert, MN. 55741 has 43 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.61% of properties in Gilbert, MN.

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      Guide for Gilbert, MN

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      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Home Buying Financing
      How To Make Adjustments to Your Household Budget When Interest Rates Are High
      Home Buying Guides & Tips
      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      See More Articles
      Saint Paul Real Estate Market Shows Steady Growth Through 2023-2024
      Market Reports|posted 26 March 2024

      Overview of the real estate trends in Saint Paul over the past year, analyzing various aspects like sale prices, property values, market activity, and market dynamics on a monthly basis, discussing influences such as economic conditions, interest rates, seasonal changes, and local employment levels.

      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Market Reports|posted 14 March 2024

      The article provides a comprehensive analysis of real estate market trends in Minneapolis and its surrounding cities, highlighting various shifts in property values and sales. The observations reflect a diverse and dynamic market catering to varying buyer preferences and budgets.

      How To Make Adjustments to Your Household Budget When Interest Rates Are High
      Home Buying Financing|posted 23 April 2024

      Sometime we need to make changes to our budget to cope with higher interest rates. Here are some tips!

      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?

      Recently Listed Homes Gilbert, MN

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