Gilbert Homes Market Overview
Gilbert Homes Market Highlights
As of May 5, 2025, the single-family home market in Gilbert shows noteworthy fluctuations that are impacting both buyers and sellers.
- Currently, active listings have surged, resulting in inventory levels reflecting a favorable choice for buyers.
- The average sold prices have experienced a modest increase, signaling a potential shift in market dynamics.
- Meanwhile, days on market have slightly lengthened, which may influence buyer strategies in their purchasing decisions.
Curious how the Gilbert Homes market has changed over time?
Most Recent Gilbert Homes Listings
See More Listings in Gilbert
Be the First to Know About New and Updated Listings
Get email alerts when new listings hit the market or have price changes.
No spam. Unsubscribe anytime. Your info stays safe—I promise.
Gilbert Homes Market Report
An In-Depth Look at the Gilbert Homes Market
The single-family home market in Gilbert, as of May 5, 2025, presents a complex landscape shaped by various metrics over different timeframes. Currently, there are 1,140 active listings, marking a significant rise compared to 813 listings three months ago. This jump indicates increased buyer options, suggesting that the market is not as competitive as it has been, as evidenced by longer days on market (DOM), which have increased from an average of 85 days three months ago to 58 days now. This slightly faster turnover may signal that buyers are beginning to respond to the broader array of choices available.
In conjunction with these metrics, the current average sold price is reported at $693,762, up from $670,374 three months prior. While the sold prices have elevated, the average price per square foot has remained consistent at $294, suggesting steady demand. With the months of inventory at 4.5, our market is leaning towards stability, rather than severe influences from either buyers or sellers, indicating that conditions are fairly balanced.
Observing further back, six months ago, the average sold price was $718,913, which paints a picture of a slight cooling in price appreciation over time, despite the recent uptick. This aligns with monthly fluctuations in DOM and inventory; it has become crucial for sellers to price strategically, considering the market's nuanced shifts, and for buyers to leverage their position more actively in negotiations.
In summary, Gilbert's single-family home market demonstrates a trend towards greater inventory levels and slight increases in average sold prices, while days on market have begun to lengthen. Both buyers and sellers should remain adaptable as these metrics evolve, indicating both opportunities and challenges in this dynamic environment.
Brian Adamski, Realtor
Guiding Home Buyers in Gilbert for 18+ Years | Honest. Trustworthy. Integrity.
480-405-1265
