May 2020 Gilbert AZ Housing Market Trends Report, Statistics and House Value
Here are May 2020 Gilbert AZ Housing Market Update 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 as 6/6/2020, provided by the FlexMLS system.
- New Listings homes for sale had decreased about 22.4% from a year ago
- May 2020 average sold price for single family home in Gilbert AZ was $409,739 that’s about 6.1% appreciation from May 2019
- Gilbert AZ single family homes median sold price in May 2020 was $367,750 and had increased about 3.6% from a year ago
- Almost all of single family homes sold in May 2020 are regular sale
- Most Expensive House Sold in Gilbert AZ in May 2020 was sold at $2,250,000
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Number of Single Family Homes Sold in May 2020
Based on May 2020 statistic, we saw 364 single family homes sold in Gilbert AZ compare to 586 from a year ago. That is about 37.9% decreased of number of single family home sold from last year.
The Days on Market (DOM) for May 2020 is 34 days, compare to 52 in May 2019. It took average about 34 days (Days on Market) to get your Gilbert AZ single family home sold in May 2020.
Gilbert AZ May 2020 Median Sold Price Analysis
Median sold price for Gilbert AZ single family homes in May 2020 in Gilbert AZ is $367,750. The median sold price in May 2019 was $334,995. Compare to a year ago, the median sold price for single family home in Gilbert has increased about 3.6% from May 2019.
View Homes for Sale in Gilbert Under $350,000
May 2020 Gilbert AZ Average Sold Price Analysis
Gilbert AZ single family homes average sold price in May 2020 is $409,739. Compare to $386,249 a year ago, the average sold price had increased about 6.1% from May 2019.
There are two millions dollar listings homes sold in May 2019.
View Homes for Sale in Gilbert Under $400,000
May 2020 Average Price Per Square Feet Gilbert AZ
May 2020 average sold price per square feet for single family homes in Gilbert is $183.00 per square feet.
View Homes for Sale in Gilbert Under $150 per square feet
The statistic indicate that buyers are paying slightly more for a home compare to 1 year ago.
May 2020 Housing Market Report by Gilbert AZ zip code
| Gilbert AZ zip code | Median Sold Price | Average Sold Price |
| Gilbert AZ 85233 | $383,000 | $407,913 |
| Gilbert AZ 85234 | $359,900 | $379,861 |
| Gilbert AZ 85295 | $362,500 | $391,616 |
| Gilbert AZ 85296 | $345,000 | $377,501 |
| Gilbert AZ 85297 | $360,000 | $437,278 |
| Gilbert AZ 85298 | $408,000 | $471,536 |
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 zip code to zip code 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.
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.
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.
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.
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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