Here is the most recent Gilbert AZ Real Estate Housing Market Report for April 2022:
The average sales price of Gilbert homes has increased for the third month in a row, going from $670,758 in March to $701,955 for April, and reaching a new all-time high. Average sales prices in Gilbert have increased in 20 out of the last 24 months.
After decreasing in January, the average sold price per square foot of Gilbert homes also increased for the third straight month, going from $289/sf in March to $299/sf in April. This is just another sign that home values continue to increase, as this is the 20th increase in the last 22 months.
After increasing or remaining the same for 10 months, between April of 2021 and February of 2022, Gilbert days on market has declined for two straight months, going from 30 DOM in February down to 20 DOM for April. This is a sign that there seems to be no slowing down in the Gilbert housing market. The Gilbert DOM is extremely low, which means that homes in Gilbert Arizona are still selling very fast!
After decreasing in January, the average sold price per square foot of Gilbert homes also increased for the third straight month, going from $289/sf in March to $299/sf in April. This is just another sign that home values continue to increase, as this is the 20th increase in the last 22 months.
After increasing or remaining the same for 10 months, between April of 2021 and February of 2022, Gilbert days on market has declined for two straight months, going from 30 DOM in February down to 20 DOM for April. This is a sign that there seems to be no slowing down in the Gilbert housing market. The Gilbert DOM is extremely low, which means that homes in Gilbert Arizona are still selling very fast!
Click on the image below to read the full article and see what is going on in the Gilbert Arizona real estate market.
Feel free to reach out to me if you have any questions about buying a home, selling your home, or investing in the Gilbert, AZ or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.
"Real Estate is not just a job for me,
it's about making a difference in the lives of others"
Troy Erickson Realtor | Call/Text: 602-295-6807 | TroyEricksonRealtor@gmail.com
Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
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