2017 Gilbert AZ Housing Market Trends Report, Statistics and House Value

Here are 2017 Gilbert AZ housing market trends report 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.

2017 Gilbert AZ Real Estate Housing Market Update Highlight:

New Listing had decreased 9.0% compare to a year ago
2017 Average Sold Price for Single Family Home in Gilbert AZ was $339,258 that's about 8.2% appreciation from 2016
Median Sold Price in 2017 was $305,000 and had increased 8.9% from a year ago
98% of Single Family Homes sold in 2017 are Traditional Sale
Most Expensive House Sold in Gilbert AZ in 2017 was sold at $4,900,000

2017 Gilbert AZ Housing Market Trends Report by Swee Ng, Real Estate and House Value

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2017 Number of Homes Sold in Gilbert AZ

We saw 5,240 Single Family Homes sold in 2017 in Gilbert AZ compare to 5,446 from a year ago. It took average about 58 days (Days on Market) to get your Gilbert AZ Homes sold in 2017.
Also Read: How rising interest rates will impact housing affordability?

Gilbert AZ 2017 Median Sold Price Analysis

Median Sold Price for single family home 2017 in Gilbert AZ is $305,000. The median sold price in 2016 was $280,000. Compare to a year ago, that's about 8.9% increased in median sold price from 2016.

2017 Median Sold Price in Gilbert was $305,000
View Homes for Sale in Gilbert Under $300,000

2017 Gilbert AZ Average Sold Price Analysis

Average Sold Price for Gilbert AZ Single Family Detached Homes in 2017 was $339,258 compare to $313,528 a year ago. This average sold price in Gilbert AZ had appreciated about 8.2% from 2016.

2017 Average Sold Price in Gilbert was $339,258
View Homes for Sale in Gilbert Under $335,000
In 2017, the average price per square feet for single family homes in Gilbert is $148 per square feet.

The statistic indicate that buyers are paying more for a home compare to one year ago.

Single Family Home Price Gilbert AZ 2000 - 2017

Gilbert AZ Single Family Home Price 2000 - 2017

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.

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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.

Hugh changes coming to Arizona Down Payment Assistance Program – January 2, 2018

Wondering how much house I can afford?

Swee Ng, Realtor and Gilbert AZ 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 Gilbert AZ, I want to opportunity to be interviewed for the job. Contact Us today for complimentary and no obligation consultation. I hope that you will put my experience, knowledge, service and professionalism to work for you.

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Posted in: 2017

Gilbert Arizona Real Estate

Friday, February 23, 2018

Gilbert AZ 2017 Real Estate Housing Market Trends Report