Gilbert AZ Real Estate Housing Market Report - November 2021

Real Estate Agent with HomeSmart License # SA577557000
Here is the most recent Gilbert AZ Real Estate Housing Market Report for November 2021:
The average sales price of Gilbert homes has increased for the second straight month, after fluctuating up and down every other month between July and October. The average sales price of Gilbert homes increased from $594,358 in October, to a new all-time high of $623,521 for November.
After dropping for the first time in 16 months, the average sold price per square foot of homes in Gilbert has increased from $259/sf last month to $268/sf in November. This is just another sign that home values continue to increase, even as we near the end of 2021.
The days on market in Gilbert increased for the fifth straight month, from 25 DOM in October to 29 DOM in November. Even though this is the sixth increase in the last seven months, the DOM is still 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 home buying, selling, or investing in the Phoenix Metro 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 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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This post is for informational purposes only and should not be construed as legal advice. If you desire specific legal or tax advice, please consult the appropriate professional. The opinions expressed here represent my own and not those of my employer. Troy Erickson will not be held liable for any errors, ommissions, accuracy, validity, currentness, suitability, completeness; or any losses, injuries or damages arising from its display or use.

Comments (2)

Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA

Thank you for your market update in your Gilbert area.  It is interesting that prices dipped for one month and started rising again. 

Jan 04, 2022 03:21 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Thanks for liking and commenting Raymond Henson, eXp Realty. It is interesting how average prices have fluctuated in certain months, however, the sales price per square foot has continued to increase for 16 of the last 17 months in Gilbert!

Jan 05, 2022 09:21 AM