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Gilbert AZ Housing Market Update March 2019

Written by Posted On Tuesday, 09 April 2019 11:03

March 2019 Gilbert AZ Real Estate Housing Market Update, Statistics and House Value

Here are Gilbert AZ housing market trends report March 2019 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 increased about 3.6% from a year ago
  • March 2019 average sold price for single family home in Gilbert AZ was $382,425 that's about 8.1% appreciation from March 2018
  • Median Sold Price in March 2019 was $336,800 and had increased about 6.9% from a year ago
  • All single family homes sold in March 2019 are Traditional Sale
  • Most Expensive House Sold in Gilbert AZ in March 2019 was sold at $2,297,000

 

Gilbert AZ Housing Market Trends Report March 2019 by Swee Ng, Real Estate and House Value

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Number of Single Family Homes Sold in March 2019

Based on March 2019 statistic, we saw 450 single family homes sold in March 2019 in Gilbert AZ compare to 489 from a year ago. That is about 8.0% decreased of single family home sold from last year.

The Days on Market (DOM) for March 2019 is 57 compare to 52 a year ago. It took average about 57 days (Days on Market) to get your Gilbert AZ single family home sold in March 2019.

Gilbert AZ March 2019 Median Sold Price Analysis

Median sold price for March 2019 in Gilbert AZ is $336,800. The median sold price in March 2018 was $315,000. Compare to a year ago, that's about 6.9% increased from March 2018.

March 2019 Median Sold Price in Gilbert was $336,800
View Homes for Sale in Gilbert Under $325,000

March 2019 Gilbert AZ Average Sold Price Analysis

Average sold price for Gilbert AZ single family homes in March 2019 was $382,425 compare to $353,777 a year ago. The average sold price had increased about 8.1% from March 2018. There are only six millions dollar listings homes sold in March 2018.

March 2019 Average Sold Price in Gilbert was $382,425
View Homes for Sale in Gilbert Under $375,000

March 2019 Average Price Per Square Feet Gilbert AZ

March 2019 average sold price per square feet for single family homes in Gilbert is $166.00 per square feet.

Average price per square feet in Gilbert is $166
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.

Also Read: How rising interest rates will impact housing affordability?

March 2019 Housing Market Report by Gilbert AZ zipcode

Gilbert AZ Zipcode Median Sold Price Average Sold Price
Gilbert AZ 85233 $309,000 $327,867
Gilbert AZ 85234 $319,950 $366,112
Gilbert AZ 85295 $311,000 $373,403
Gilbert AZ 85296 $314,000 $339,682
Gilbert AZ 85297 $348,000 $380,022
Gilbert AZ 85298 $410,000 $481,458

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.

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.

What my Gilbert AZ Homes is worth?

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.

Contact Swee Ng, Gilbert Real Estate Agent, Realtor in Gilbert AZ

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