The Gilbert AZ December 1st 2019 Market Update

By
Real Estate Agent with Engel & Völkers Gilbert BR544711000

Gilbert still remains to be a housing market in favour of home sellers due to the low number of homes available for sale and the high number of buyers looking to make Gilbert their home.

As of December 1st 2019 the Arizona Multiple Listing Service is reporting 423 active homes available for sale with an average listing price of $558,217. The median home price in Gilbert is currently $382,000.

Gilberts lowest priced home is offered at $194,900 which is a 2 bedroom, 2 bathroom 817 square ft. townhouse which is the only property available under $200,000. At the oposite end of the spectrum are two properties offered at just under $3,000,000.

In the luxury market there are 31 properties offered at 1 million and over. Year to date Gilbert has seen 40 properties sell for over 1MM with an average price per square foot of $245 and taking 134 days on average to sell. The record sales price for 2019 in Gilbert is $2.35MM.

To search properties for sale in the local Gilbert market click here,

 

 

Comments (4)

Richard Weeks
Dallas, TX
REALTOR®, Broker
Thanks for sharing your market update.  Some great choices for buyers in your area.

 

Dec 02, 2019 02:43 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sheryl, great post for the Gilbert market, and look forward to seeing more of your posts.  Welcome.

Dec 02, 2019 07:54 AM
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