Gilbert AZ Real Estate Housing Market Report - January 2021
The average sales price of homes in Gilbert was down slightly (by about $500) in January, but the price per square foot has continued to climb for at least seven straight months, and is now up to $212/sf.
Days on market has remained the same for the last 4 months, at 28 DOM, which is extremely low, and means that homes in Gilbert are selling very fast!
The lack of listings continues to drive demand and home prices higher. Median home values in Gilbert have increased an average of 17.2% since January of 2020. With interest rates remaining below 3.0%, there still should be more buyers looking to purchase throughout 2021.
For more detailed stats on the Gilbert Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.