Gilbert AZ Real Estate Housing Market Report - May 2022

By
Real Estate Agent with HomeSmart License # SA577557000
Here is the most recent Gilbert AZ Real Estate Housing Market Report for May 2022:
 
The average sales price of Gilbert homes has increased for the fourth month in a row, going from $701,995 in April to $719,659 for May, and reaching a new all-time high. Average sales prices in Gilbert have increased in 21 out of the last 25 months.

After decreasing in January, the average sold price per square foot of Gilbert homes has also increased for the fourth straight month, going from $299/sf in April to $305/sf in May. This is just another sign that home values continue to increase, as this is the 21st increase in the last 23 months.
 
After increasing or remaining the same for 10 months, between April of 2021 and February of 2022, Gilbert days on market has declined for the third straight month, going from 30 DOM in February down to 20 DOM for May. This is a sign that there seems to be no slowing down in the Gilbert housing market. The Gilbert DOM is 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 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 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 (3)

Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Thanks for liking my post Michael Jacobs.

Jun 09, 2022 09:57 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Jun 09, 2022 01:14 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

So glad to have you support my blog Myrl Jeffcoat.

Jun 10, 2022 01:48 PM