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Tuesday, 18 June 2019
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This Old House - Do-it-Yourself

Gilbert AZ May 2019 Housing Market Update

Written by Posted On Tuesday, 11 June 2019 13:26

May 2019 Gilbert AZ Housing Market Trends Report, Statistics and House Value

Here are May 2019 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 provided by the FlexMLS system.

May 2019 Gilbert AZ Housing Market Trends Highlight

  • New Listing had decreased about 2.2% from a year ago
  • May 2019 average sold price for single family home in Gilbert AZ was $386,249 that's about 4.1% appreciation from May 2018
  • Median Sold Price in May 2019 was $354,995 and had increased about 6.3% from a year ago
  • Almost all of single family homes sold in May 2019 are Traditional Sale
  • Most Expensive House Sold in Gilbert AZ in May 2019 was sold at $1,275,000

 

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

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May 2019 Tempe Housing Market Tends Report

Number of Single Family Homes Sold in May 2019

Based on May 2019 statistic, we saw 586 single family homes sold in May 2019 in Gilbert AZ compare to 566 from a year ago. That is about 3.5% increased of single family home sold from last year.

The Days on Market (DOM) for May 2019 is 52 days, compare to 48 in May 2018. It took average about 52 days (Days on Market) to get your Gilbert AZ single family home sold in May 2019.

Gilbert AZ May 2019 Median Sold Price Analysis

Median sold price for May 2019 in Gilbert AZ is $354,995. The median sold price in May 2018 was $334,000. Compare to a year ago, that's about 6.3% increased from May 2018.

May 2019 Median Sold Price in Gilbert was $354,995
View Homes for Sale in Gilbert Under $325,000

May 2019 Gilbert AZ Average Sold Price Analysis

Average sold price for Gilbert AZ single family homes in May 2019 was $386,249 compare to $370,956 a year ago. The average sold price had increased about 4.1% from May 2018.

There are three millions dollar listings homes sold in May 2018.

May 2019 Average Sold Price in Gilbert was $386,249
View Homes for Sale in Gilbert Under $375,000

May 2019 Average Price Per Square Feet Gilbert AZ

May 2019 average sold price per square feet for single family homes in Gilbert is $167.00 per square feet.

Average price per square feet in Gilbert is $167
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.

Did You Know? A 1% increase in interest rates, can reduce buying power almost to 10%!! Read How rising interest rates will impact housing affordability?

May 2019 Housing Market Report by Gilbert AZ zipcode

Gilbert AZ Zipcode Median Sold Price Average Sold Price
Gilbert AZ 85233 $327,000 $338,973
Gilbert AZ 85234 $338,000 $364,374
Gilbert AZ 85295 $352,466 $393,381
Gilbert AZ 85296 $336,000 $377,894
Gilbert AZ 85297 $345,000 $406,254
Gilbert AZ 85298 $399,949 $418,341

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.

Gilbert AZ Homes for Sale by Price Range:
Gilbert Real Estate Listing & Homes for Sale Under $200,000
Gilbert Real Estate Listing & Homes for Sale $200,000 – $300,000
Gilbert Real Estate Listing & Homes for Sale $300,000 – $400,000
Gilbert Real Estate Listing & Homes for Sale $400,000 – $500,000
Gilbert Real Estate Listing & Homes for Sale $500,000 – $600,000
Gilbert Real Estate Listing & Homes for Sale $600,000 – $700,000
Gilbert Real Estate Listing & Homes for Sale $700,000 – $800,000
Gilbert Real Estate Listing & Homes for Sale $800,000 – $900,000
Gilbert Real Estate Listing & Homes for Sale $900,000 – $1,000,000
Gilbert Real Estate Listing & Homes for Sale Over $1,000,000

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