Current real estate market conditions in Gilbert favor the buyer at this time.  

As of April 3, 2008 there are 2479 single family homes for sale in Gilbert, 339 pending sales and there were 262 sales in  Mar 2008.  The highest priced home to sell was $985,000, and lowest price home sold for $159,250.    The current absorbtion rate of single family homes (inventory of homes) for Gilbert is 7 months. 

         In Mar 2008 the median single family home price in Gilbert was $287,856, compared to $357,000 in Mar 2007 a decrease of 20%.

       As for Gilbert condos and townhomes, there are currently 136 units for sale, with 2 sales in Mar 2008.  The highest price unit to sell was $172,500 and the lowest at $114,000.

               In Mar 2008 the median condo price in Gilbert was $143,250, compared to $188,535 in Feb 2007 an increase of 25%.

       There are some great deals for buyers looking to purchase a home as well as some beautiful custom homes.