Here is the most recent Gilbert AZ Real Estate Housing Market Report for August 2022:
The average sales price of Gilbert homes has decreased for the third straight month after increasing for four months in a row, going from $712,625 in July to $689,651 for August. Average sales prices in Gilbert have increased in 21 out of the last 28 months, but I think that may not be the case moving forward.
After increasing for five straight months, the average sold price per square foot of Gilbert homes has decreased for the second straight month, going from $310/sf in June to $293/sf in August. Even though it decreased, the average sold price per square foot in Gilbert has increased in 22 of the last 26 months, but again it seems like the market is changing.
After decreasing for 3 straight months, Gilbert days on market has increased three months in a row, going from 20 DOM in May to 38 DOM in August. The Gilbert DOM is still low, which means that homes in Gilbert Arizona are still selling fast.
After increasing for five straight months, the average sold price per square foot of Gilbert homes has decreased for the second straight month, going from $310/sf in June to $293/sf in August. Even though it decreased, the average sold price per square foot in Gilbert has increased in 22 of the last 26 months, but again it seems like the market is changing.
After decreasing for 3 straight months, Gilbert days on market has increased three months in a row, going from 20 DOM in May to 38 DOM in August. The Gilbert DOM is still low, which means that homes in Gilbert Arizona are still selling 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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