Here is the most recent Gilbert AZ Real Estate Housing Market Report for September 2022:
The average sales price of Gilbert homes has decreased for the fourth straight month after increasing for four months in a row, going from $719,659 in May to $662,119 for September. I think that the days of increasing home prices each month are over for a while.
After increasing for five straight months, the average sold price per square foot of Gilbert homes has now decreased for the third straight month, going from $310/sf in June to $281/sf in September. After decreasing for three months in a row it seems like the market is slowing.
After decreasing for 3 straight months, Gilbert days on market has now increased four months in a row, going from 20 DOM in May to 46 DOM in September. The Gilbert DOM is still low, which means that homes in Gilbert Arizona are still selling fast and should continue through 2022.
After increasing for five straight months, the average sold price per square foot of Gilbert homes has now decreased for the third straight month, going from $310/sf in June to $281/sf in September. After decreasing for three months in a row it seems like the market is slowing.
After decreasing for 3 straight months, Gilbert days on market has now increased four months in a row, going from 20 DOM in May to 46 DOM in September. The Gilbert DOM is still low, which means that homes in Gilbert Arizona are still selling fast and should continue through 2022.
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 Realtor | Call/Text: 602-295-6807 | TroyEricksonRealtor@gmail.com
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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