Gilbert Land

Gilbert Land Market Highlights

As of Jul 18, 2025, the land market in Gilbert currently reflects a mix of trends with changes in inventory levels and pricing.

• The average price for active listings has expanded to $916,575, significantly higher than $851,143 just three months ago.
• Active listings have decreased slightly to 14, down from 15 three months prior.
• With 205 days on market (DOM) for active properties, prolonged listing times suggest a cooling in buyer competition.
• The months of inventory currently stand at 6.9, indicating a balanced market where neither buyers nor sellers hold a distinct advantage.

An In-Depth Look at the Gilbert Land Market

The land market in Gilbert has recently shown interesting shifts that are essential for buyers and sellers to note. Currently, active listings are at 14, a slight decrease from 15 listings three months ago, indicating relatively stable inventory levels despite fluctuations in pricing. The average list price of $916,575 highlights a notable increase of around 7.7% from $851,143 three months prior, reflecting stronger seller expectations amidst changing market dynamics.

Moreover, the average DOM for properties currently sits at 205 days, a significant increase over the 150 days seen three months ago. This trend reflects slower movement in the market, suggesting that buyers are taking more time to consider their options before making offers. The prolonged DOM may lead sellers to adjust their pricing strategies to attract buyers who may be hesitant to act quickly.

Assessing the months of inventory, currently at 6.9 months, indicates a closer to equilibrium market, where neither buyers nor sellers have a clear edge. To put that in context, this is an increase from levels typically seen just a year ago. Such an inventory level implies that while supply has been relatively stable over the past few months, current buying demand is not sufficient to accelerate sales.

For sellers, this could be an opportune moment to reassess pricing strategies to align more closely with market realities. With longer DOM, properties need to be competitively priced to facilitate quicker sales. Buyers in this market may find that negotiating on pricing could yield favorable results, given the current conditions.

Ultimately, understanding these trends, particularly the interplay between DOM, list prices, and inventory levels, will be crucial for anyone looking to navigate the land market in Gilbert effectively. As prices climb, and active listings taper down, remaining vigilant and adaptable in strategy will be key to leveraging the present market conditions to their advantage.