Gilbert AZ Real Estate Housing Market Report - January 2022

By
Real Estate Agent with HomeSmart License # SA577557000
Here is the most recent Gilbert AZ Real Estate Housing Market Report for January 2022:
 
After increasing for three straight months, the average sales price of Gilbert homes has decreased to begin 2022.  The average sales price of homes in Gilbert decreased from an all-time high of $629,298 in December to $583,321 in January. This is the first drop in the average sales price to start a new year since January of 2019.

After increasing the last two months, the average sold price per square foot of Gilbert homes decreased from $275/sf in December to $274/sf in January. This is just another sign that home values continue to increase, even as we end 2021. Although it is a small decrease, it is the second decrease in the last four months, after increasing for 15 straight months.
 
After increasing for six straight months, the Gilbert days on market remained the same in January as it was in December, sitting at 29 DOM. Gilbert 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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         Contact Troy Erickson, Realtor®, Good Company Real Estate

Licensed Residential Realtor® in Arizona at 602-295-6807

 

Reach out to me for all your Phoenix, Chandler, Ahwatukee, Tempe, Gilbert, and Scottsdale, Arizona Real Estate needs.

 

Check out our website for all Arizona Real Estate and Homes For Sale in subdivisions like Sun Lakes, Ocotillo, Lakewood, Mountain Park Ranch, Pepperwood, Circle G Ranches, and many others throughout the East Valley.

 

"Real Estate is more than just about a job for me. It is about making a difference in the lives of others. I help people just like you Buy, Sell, and Invest in East Valley Arizona Real Estate!"

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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)

Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Gilbert home buyers and sellers are sure to value your real estate market report, Troy.

Feb 09, 2022 03:13 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Appreciate your kind words Myrl Jeffcoat.

Feb 14, 2022 01:34 PM