October 2018 Gilbert AZ Real Estate Housing Market Trends Report, Statistics and House Value
Here are Gilbert AZ housing market trends report October 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.
- New Listing had decreased about 0.9% from a year ago
- October 2018 average sold price for single family home in Gilbert AZ was $358,120 that’s about 3.8% appreciation from October 2017
- Median Sold Price in October 2018 was $325,000 and had increased about 4.9% from a year ago
- Almost 99% of single family homes sold in October 2018 are Traditional Sale
- Most Expensive House Sold in Gilbert AZ in October 2018 was sold at $1,210,000
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Number of Single Family Homes Sold in October 2018
We saw 386 single family homes sold in October 2018 in Gilbert AZ compare to 430 from a year ago. That is about 10.2% decreased of single family home sold from last year.
The Days on Market (DOM) for October 2018 is 47 compare to 55 a year ago. It took average about 47 days (Days on Market) to get your Gilbert AZ single family home sold in October 2018.
Gilbert AZ October 2018 Median Sold Price Analysis
Median sold price for October 2018 in Gilbert AZ is $325,000. The median sold price in October 2017 was $309,000. Compare to a year ago, that’s about 4.9% increased from October 2017.
View Homes for Sale in Gilbert Under $315,000
October 2018 Gilbert AZ Average Sold Price Analysis
Average sold price for Gilbert AZ single family homes in October 2018 was $358,120 compare to $345,164 a year ago. The average sold price had increased about 3.8% from October 2017. There are two millions dollar listings homes sold in October 2017.
View Homes for Sale in Gilbert Under $350,000
October 2018 average price per square feet for single family homes in Gilbert is $161.00 per square feet.
View Homes for Sale in Gilbert Under $150 per squre feet
The statistic indicate that buyers are paying more for a home compare to 1 year ago.
Also Read: How rising interest rates will impact housing affordability?
October 2018 Housing Market Report by Gilbert AZ zipcode
| Gilbert AZ Zipcode | Median Sold Price | Average Sold Price |
| Gilbert AZ 85233 | $315,000 | $322,566 |
| Gilbert AZ 85234 | $315,000 | $320,098 |
| Gilbert AZ 85295 | $315,000 | $332,574 |
| Gilbert AZ 85296 | $317,500 | $341,462 |
| Gilbert AZ 85297 | $327,750 | $379,338 |
| Gilbert AZ 85298 | $392,000 | $437,003 |
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.
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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.
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