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Gilbert

Why you'd want to live in Gilbert

Gilbert is a town in Maricopa County, Arizona, United States, located southeast of Phoenix, within the Phoenix metropolitan area. Once known as the "Hay Shipping Capital of the World" Gilbert is currently the most populous incorporated town in the United States. It is the sixth-largest municipality in Arizona, and the fifth-largest in the Metropolitan Phoenix Area. Gilbert encompasses 76 square miles and has made a rapid transformation from an agriculture-based community to an economically diverse suburban center located in the southeast valley of the Greater Phoenix area. In the last three decades, Gilbert has grown at an extremely high rate, increasing in population from 5,717 in 1980 to 208,453 as of the 2010 census. The town grew at an average annual growth rate of nearly 13% during this 30-year period.

Gilbert Market Report

$694,361

AVERAGE PRICE OF 1,218 HOMES

$735,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,629,729

AVERAGE PRICE OF 107 MULTI-MILLION DOLLAR HOMES

$892,879

AVERAGE PRICE OF 123 NEWLY BUILT HOMES

$856,285

AVERAGE PRICE OF 434 HOMES WITH A POOL

$636,168

AVERAGE PRICE OF 216 REDUCED PRICE HOMES

Average Home

Average Price $694,361
Avg Bedrooms 3.7 beds
Avg Bathrooms 2.63 baths

Average Price by Bedrooms

2 bedrooms $446,288
3 bedrooms $550,831
4 bedrooms $732,388
5 bedrooms $992,932
Gilbert Home Price Trends
  8/2022 7/2022 6/2022 5/2022 4/2022
Total Listings 1,222 1,125 n/a n/a n/a
Average Price $718,478 $732,846 n/a n/a n/a
Avg Price Change -2.00% n/a n/a n/a n/a
Median Price $599,872 $612,899 n/a n/a n/a
Med Price Change -2.17% n/a n/a n/a n/a
Avg Bedrooms 3.73 beds 3.75 beds n/a n/a n/a
Avg Bathrooms 2.65 baths 2.66 baths n/a n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Gilbert High School 164 $601,601 55 days
Highland High School 131 $720,068 46 days
Higley High School 125 $680,029 62 days
Mesquite High School 138 $597,383 55 days
Williams Field High School 194 $651,375 59 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,218 $694,361 59 days
Distressed Homes 1 $735,000 3 days
Multi-Million Dollar Homes 107 $1,629,729 67 days
Newly Built Homes 123 $892,879 100 days
Homes with a Pool 434 $856,285 54 days
Reduced Price Homes 216 $636,168 55 days
JK Realty
Rome Towers
1760 E Pecos Rd, Suite 501
Gilbert, AZ 85295
480-733-8500
Michele Walker
Sr. Loan Originator
NMLS# 821145 | AZ MLO #0929746
BK 0018295 | Corp NMLS #2973
This is not a commitment to lend or extend credit.
michele.walker@wvmb.com
Phone: 573-355-7431
Fax: 480-393-1871

© 2022 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than JK Realty are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. September 27, 2022
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