2018 Gilbert AZ Real Estate Housing Market Trends Report, Statistics and House Value
Understanding the general direction of the current market conditions and home prices in Gilbert AZ is of vital importance to both buyers and sellers to help you make a more informed decision when buying a home or selling a home in Gilbert AZ.
Here are Gilbert AZ housing market trends report 2018 for single family detached home. Be sure to Contact Us, if you have any questions about this report or about how the market is performing. This report includes MLS data for the past 12 months for Gilbert AZ provided by the FlexMLS system.
- Number of new listings homes for sale in 2018 are almost same as a year ago
- 2018 average sold price for single family home in Gilbert AZ was $364,274 that’s about 7.4% appreciation from 2017
- Median Sold Price in 2018 was $328,000 and had increased about 7.5% from a year ago
- About 99% of single family homes sold in 2018 are Traditional Sale
- Most Expensive House Sold in Gilbert AZ in 2018 was sold at $3,500,000
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Number of Single Family Homes Sold in 2018
Based on 2018 statistics, we saw 5,158 single family homes sold in Gilbert AZ compare to 5,240 a year ago. That is about 1.6% decreased of single family home sold from last year.
The Days on Market (DOM) for 2018 is 49 compare to 58 a year ago. It took average about 49 days (Days on Market) to get your Gilbert AZ single family home sold in 2018.
Gilbert AZ 2018 Median Sold Price Analysis
Median sold price for 2018 in Gilbert AZ is $328,000. The median sold price in 2017 was $305,500. Compare to a year ago, that’s about 7.5% increased from 2017.
View Homes for Sale in Gilbert Under $325,000
2018 Gilbert AZ Average Sold Price Analysis
Average sold price for Gilbert AZ single family homes in 2018 was $364,274 compare to $339,258 a year ago. The average sold price had increased about 7.4% from 2017. There are 33 millions dollar homes sold in 2018.
View Homes for Sale in Gilbert Under $350,000
Average Price Per Square Feet Gilbert AZ
2018 average sold price per square feet for single family homes in Gilbert is $160.00 per square feet. Last year 2017, average sold price per square feet was $148 per square feet. The price per square feet for single family home in Gilbert has increased about 8.1% from a year ago.
View Homes for Sale in Gilbert Under $150 per square feet
The statistic indicate that buyers are paying more for a home compare to 1 year ago.
2018 Gilbert AZ Monthly Housing Market Report
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Gilbert AZ Single Family Homes Price 2000 – 2018
Educated and savvy buyers understand that a competitive market gives them fewer options for home choices – even when inventory increases. Although this may vary from zipcode to zipcode and from price range to price range, buyers need to make sure they are fully informed regarding the specific market in which they have an interest. This will give them the best chance of being competitive when making an offer.
As a reminder, you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying. Blended statistics will not be as accurate as a more detailed report we can provide to help you with your decision making.
If you are considering buying a home in Gilbert there is a sufficient inventory of homes to choose from and having a good real estate agent who understands the market is a must. Interest rates are still low so don’t wait too long on the sidelines; many listings when priced correctly are starting to sell within a few days of hitting the market.
Selling your home in Gilbert AZ
Contact Us or call Swee Ng at 480.721.6253 today to discuss your potential Gilbert AZ Home Price and our comprehensive marketing plan. We will prepare complimentary competitive market analysis (CMA) to find out what your home is worth at today’s market.
Affordable Financing Options Available
Several low down payment financing options including down payment assistance programs are available. Contact Us to find out what loan programs you qualify for. Learn more about how to buy a house in Gilbert AZ with a low down payment.
Wondering how much house I can afford?
Click here to access the Mortgage House Payment Calculator. Simply add in the price of the home you are considering and the calculator will return your estimated house payment. Change length of loan and interest rates to adjust results.
New Listing in Last 24 Hours Gilbert AZ
Upcoming Open House in Gilbert
Swee Ng, Realtor and Phoenix East Valley resident specializing in win-win real estate transaction through great communication and fighting for his clients’ best interest. After all, this is more than real estates, this is about your life and your dreams.
If you are looking to buy or sell your home in Phoenix AZ area, we hope you will consider us. Contact us today for complimentary consultation.
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