Gilbert Real Estate

An In-Depth Look at the Gilbert All Property Types Market

The current landscape of the Gilbert real estate market, as of May 4, 2025, showcases important trends reflecting its evolving dynamics.

• Over the past month, the number of active listings has expanded significantly, rising to 1,251, up from 906 just three months ago. This increase in inventory points to stronger supply options for prospective buyers compared to the previous months, which could create more competition among sellers to attract offers.

• The average DOM for active listings is currently 61 days. This lengthened timeframe, as compared to 88 days three months ago, may suggest that properties are taking longer to sell, potentially due to higher inventory levels balanced against demand. Buyers may find that they have more leverage in negotiations, given this trend of longer market times.

• The months of inventory for active properties stands at 4.6, a figure reflecting a reasonably balanced market despite the increase in listings. This indicates that the real estate market is slightly leaning towards favoring buyers, as anything above 4 months generally indicates a healthy level of available homes relative to demand.

• While the average sold price has risen to $673,172, indicating upward momentum, it is worth noting this is only a modest 3.2% increase from $648,729 three months ago. Comparison to the sold prices from earlier periods suggests that while values are climbing, the rate of appreciation may be stabilizing, which could be an inviting sign for buyers concerned about affordability.

• Furthermore, price per square foot for sold properties currently stands at $295, unchanged from three months ago, though lower than $297 recorded six months prior. This price stability can be viewed positively, both for buyers seeking predictable pricing and for sellers aiming to maintain value as they market their properties.

• It’s essential to consider these trends alongside broader economic conditions. Increasing interest rates and changing consumer confidence may impact buyer behavior moving forward. The balance between supply and demand will be crucial in shaping future pricing trends and market momentum in Gilbert.

In summary, while the increase in active listings and a longer DOM represent a shift towards a more buyer-friendly market, the currently stable sold price dynamics indicate ongoing demand, giving all parties multiple factors to consider in their real estate strategies.