Real Estate Market Report - Gilbert, AZ (Jan, 2024)
Current Market Condition
366
Active Listings
170
Pending Listings
$639,900
Median List Price
The median sale price for properties in 2023 fluctuated between $549,950 to $599,900, with the highest median sale price occurring in November. Meanwhile, the median list price remained consistently lower, ranging from $519,500 to $571,250.
Median Sale/List Price
The median sale price per square foot steadily increases throughout the year, starting at $265.097 in January and reaching $291.049 in December. The largest monthly increase occurs between July and August, with a jump of $1.124.
Median Sale Price per Square Foot
The median sale price to list price ratio shows a steady increase from January to June 2023, with the ratio reaching 1.0 in June, July, and October. There is a slight dip in August and September before rising again in November and December. Overall, the ratio hovers around 0.99-1.0 for most of the year, indicating that homes are selling close to their list prices.
Median Sale Price to List Price Ratio
In 2023, the number of properties sold/listed peaked in October with 352 properties listed, while the lowest point was in June with only 165 properties sold/listed. The number of properties sold/listed fluctuated each month, with a total of 3,191 properties sold/listed throughout the year.
Properties Sold/Listed
The median days on market for homes in the given data set decreased steadily from 72.0 days in January to 43.0 days in June, before slightly increasing to 55.5 days in December. The lowest median days on market was seen in September at 39.0 days.
Median Days on Market
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