Gilbert, AZ Home Values & Market Trends
Real estate market trends reflect that there have been 7,408 transactions over the past year in Gilbert. The median value for residential home transactions that occurred over the previous year is $563,732.27. The number of current listings in Gilbert is 219, and the percentage of properties for sale in the city is 83.59%. Gilbert, AZ currently has 43 properties in foreclosure, 2 bank owned properties, 41 properties headed for auction, and 219 properties for sale.
Gilbert, AZ Real Estate Market Overview
Housing Market Summary for Gilbert, AZ
| Aug 2022 | August 2023 | Change | |
|---|---|---|---|
| Median Listing Price | $625K | $564.6K | -9.66% |
| Median Sold Price | $613.4K | $564.6K | -7.95% |
| Homes For Sale | 412 | 234 | -43.20% |
| Homes Sold | 4,977 | 3,741 | -24.83% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Gilbert, AZ
Browse Homes in Gilbert, AZ
Gilbert home values range from $75,900 to $15,131,088. The median estimated value of a home in Gilbert is $563,732.27. The median list price of a home is 626,633.333, and the total count of properties in the city is 86,305.
- Pre-ForeclosurePre-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 OwnedThe median estimated home value of bank owned homes (REO properties) in Gilbert, AZ ranges from the highest value of $941,649 in 85233 to the lowest value of $637,100 in 85296. Bank owned homes and properties account for 0.00% of properties in Gilbert, AZ. There are 6 zips within Gilbert, AZ; 85233 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions85234 has 9 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 0.05% 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 $1,155,505 in 85234 to the lowest value of $388,232 in 85234.