May 2020 Gilbert AZ Housing Market Trends Report, Statistics and House Value

Here are May 2020 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 as 6/6/2020, provided by the FlexMLS system.

May 2020 Gilbert AZ Housing Market Trends Highlight

New Listings homes for sale had decreased about 22.4% from a year ago
May 2020 average sold price for single family home in Gilbert AZ was $409,739 that's about 6.1% appreciation from May 2019
Gilbert AZ single family homes median sold price in May 2020 was $367,750 and had increased about 3.6% from a year ago
Almost all of single family homes sold in May 2020 are regular sale
Most Expensive House Sold in Gilbert AZ in May 2020 was sold at $2,250,000

May 2020 Gilbert AZ Housing Market Trends Report by Swee Ng, Real Estate and House Value

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Number of Single Family Homes Sold in May 2020
Based on May 2020 statistic, we saw 364 single family homes sold in Gilbert AZ compare to 586 from a year ago. That is about 37.9% decreased of number of single family home sold from last year.

The Days on Market (DOM) for May 2020 is 34 days, compare to 52 in May 2019. It took average about 34 days (Days on Market) to get your Gilbert AZ single family home sold in May 2020.

Gilbert AZ May 2020 Median Sold Price Analysis
Median sold price for Gilbert AZ single family homes in May 2020 in Gilbert AZ is $367,750. The median sold price in May 2019 was $334,995. Compare to a year ago, the median sold price for single family home in Gilbert has increased about 3.6% from May 2019.

May 2020 Median Sold Price in Gilbert was $367,750
View Homes for Sale in Gilbert Under $350,000
May 2020 Gilbert AZ Average Sold Price Analysis
Gilbert AZ single family homes average sold price in May 2020 is $409,739. Compare to $386,249 a year ago, the average sold price had increased about 6.1% from May 2019.

There are two millions dollar listings homes sold in May 2019.

May 2020 Average Sold Price in Gilbert was $409,739
View Homes for Sale in Gilbert Under $400,000
May 2020 Average Price Per Square Feet Gilbert AZ
May 2020 average sold price per square feet for single family homes in Gilbert is $183.00 per square feet.

Average price per square feet in Gilbert is $183
View Homes for Sale in Gilbert Under $150 per square feet

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 Gilbert AZ area, we hope you will consider us. Contact us today for complimentary consultation.