Gilbert Condos

Gilbert Condos Market Highlights

As of Jul 18, 2025, the condos/townhomes/patio homes market in Gilbert shows noteworthy developments, reflecting both opportunities and challenges for buyers and sellers.

• Active listings decreased to 52, down from 69 three months ago, indicating a tightening of available inventory.
• The average price per square foot for active listings holds steady at $322, suggesting that pricing strategies remain consistent despite fluctuations.
• Days on Market (DOM) increased to 79, pointing to a slower selling pace compared to the previous measurement of 59 days.

An In-Depth Look at the Gilbert Condos Market

The Gilbert condos/townhomes/patio homes market, as of Jul 18, 2025, presents an intriguing landscape characterized by reduced active listings and increased days on market. An examination of key metrics reveals several significant changes:

• Active Listings: Currently at 52, the number of active listings has decreased by 25% from 69 three months ago. This contraction in inventory could indicate a stronger demand relative to supply, making the market increasingly competitive for buyers.
• Average Price per Square Foot: The current average of $322 per square foot reflects stability within the active segment, showing no significant price shifts over recent months. This price level is slightly up from $320 per square foot three months ago and significantly above $300 per square foot six months ago.
• Days on Market (DOM): With the DOM rising to 79 days, up from 59 days three months ago, properties are taking longer to sell. This increase suggests that buyers may be exercising more caution in their purchasing decisions, leading sellers to be more patient while their properties remain listed.
• Months of Inventory: The current months of inventory is at 3.0, indicating a balanced market situation. This limited inventory level reflects a tighter market compared to 4.0 months six months ago, showing that the ability for homes to sell has not only improved but also reinforces the demand for housing in Gilbert.

Additional Context:
Economic factors such as interest rate fluctuations and local growth could be influencing these market dynamics. Buyers should strategize accordingly; negotiating offers may prove advantageous given the increased DOM and competitive pricing landscape. Sellers, in contrast, may benefit from positioning their properties effectively, ensuring they are presented strongly against a backdrop of fewer active options. Overall, this data underscores the importance of timely decision-making in this evolving market.