Gilbert Homes

Gilbert Homes Market Highlights

As of Jul 10, 2025, the single-family home market in Gilbert shows notable activity, characterized by rapid sales and fluctuating prices.

• Currently, there are 799 active listings, marking an increase from 687 just three months ago.
• The average price per square foot of these active listings has slightly risen to $303, up from $300 earlier this year.
• In contrast, the average sold price has reached $715,531, indicating a steady market with competitive pricing.

An In-Depth Look at the Gilbert Homes Market

The single-family home market in Gilbert, as of Jul 10, 2025, reveals several significant trends warranting attention from both buyers and sellers.

• Inventory levels have increased with 799 active listings currently available, up from 687 three months ago. This surge in inventory suggests that more homeowners are opting to list their properties, likely due to favorable market conditions.
• The average price per square foot for these active homes is now $303, climbing modestly from $300 three months prior, reflecting a consistent demand despite rising supply.
• In terms of days on market (DOM), the current average stands at 68 days, indicating a slight increase from 51 days three months ago. This change suggests that homes are taking a bit longer to sell compared to previous months, potentially offering buyers a wider window for negotiation and selection.
• Notably, the time on the market correlates with the months of inventory, which currently sits at 2.8 months. This measure remains well within the seller's market territory, typically characterized by inventory levels under four months. However, increasing days on market may hint at a cooling in the typically frenzied pace of purchases.
• The average sold price has reached $715,531, which demonstrates a stable market condition as compared to previous months, where the average sold price was $691,396 three months ago. This consistent price point, despite increased inventory, indicates that there is robust buyer interest still fueling sales at competitive prices.
• With pending listings averaging around $720,703, there is a slight differential, suggesting that sellers might be adjusting their expectations to meet buyer offers. The sold price to original list price ratio remains strong at 97%, reflecting that homes are generally selling near their asking prices, indicative of ongoing buyer demand.

As buyers and sellers navigate the Gilbert market, it is crucial to consider these evolving metrics. Sellers may want to leverage the still-strong average sold prices while being mindful of the trend in DOM, potentially pricing strategically for a faster sale. Buyers, on the other hand, could benefit from this slight increase in inventory, allowing for more options and possible negotiation power in pricing.