Home values in 85298

Home values in 85298

Real Estate market data for Zip code 85298 (Gilbert Arizona) provided by John Ferrin of HomeSmart Realty

Home values in 85298

Gilbert Arizona Zip code 85298 Real Estate Report Summary November 2015

In November 2015, there were 81 new listings that came on the market in Zip Code 85298.  This is up 5% from November of last year. Out of all of the homes that were on the market in Gilbert Zip Code 85298, in November, 43 of them closed escrow. This is a decrease of more than 35% over the same time period last year.

What does all this mean?  This means that the number of homes for sale on the market has decreased. This is actually good news.

As a seller, if you were to list your house now, you would have less competition than even just a couple of months ago, The downside however, is that buyer interest has slacked off a bit too. But, as things typically slow down during the Holiday Season, as a seller, you know that the people out looking at houses are serious buyers, which is always good news.

As a buyer this is good news also because you have less competition from the "tire Kickers"  and you can be certain that sellers are motivated to get their homes sold.

During the month of November, there were 233 active listings in 85298.  The homes that did sell, spent an average of 69 days on market and closed for 96% of the original list price.

Home values in Gilbert, Arizona have increased over the course of the last 12 months. The average list price in November 2015 for a home for sale in Gilbert Arizona Zip code 85298 was $348,070. The average sold price for homes for sale in Gilbert Arizona Zip Code 85298 was $338,203.

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To learn more about home values in Zip Code 85298, or any other part of Gilbert Arizona, or to find out what your home is worth in today's market, email me or call me or text me at 480-458-7399