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2023 February Gilbert AZ Market Update

Gilbert AZ Real Estate Housing Market Update

Gilbert AZ Real Estate Housing Market Update

📈 February 2023 Gilbert AZ Housing Market Trends Report, Statistics and House Value

Here are 2023 February Gilbert AZ Housing Market Update for single family homes. Be sure to Contact Swee Ng Realtor®, 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 3/7/2023, provided by the FlexMLS system.

February 2023 Gilbert AZ Housing Market Highlight:
  • 2023 February number of new listings homes for sale in Gilbert AZ has decreased about 25.0% from February 2022
  • February 2023 average sold price for single family home in Gilbert AZ is $588,495 that’s about 6.0% decreased from a year ago
  • Gilbert AZ single family homes median sold price in February 2023 is $527,500 and had decreased about 8.3% from a year ago
  • Almost all of single family homes sold in February 2023 are regular sale
  • Most Expensive House Sold in Gilbert AZ in 2023 February was sold at $1,700,000

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February 2023 Scottsdale Housing Market Report
February 2023 Tempe Housing Market Report

Number of Single Family Homes Sold in February 2023

Based on February 2023 statistic, we saw 218 single family homes sold in Gilbert AZ. Compare to 352 from a year ago, that is about 38.1% decreased of number of single family home sold from last year.

The Days on Market (DOM) for February 2023 is 88 days, compare to 29 in February 2022. It takes average about 88 days (Days on Market) to get your Gilbert AZ single family home sold in February 2023.

Gilbert AZ February 2023 Median Sold Price

Median sold price for Gilbert AZ single family homes in February 2023 in Gilbert AZ is $527,500. The median sold price in February 2022 is $575,000. Compare to a year ago, the median sold price for single family home in Gilbert has decreased about 8.3% from February 2022.

February 2023 Median Sold Price in Gilbert was $527,500
View Homes for Sale in Gilbert Under $525,000

2023 February Gilbert AZ Average Sold Price

February 2023 Gilbert AZ single family homes average sold price is $588,495. Compare to $625,964 a year ago, the average sold price has decreased about 6.0% from February 2022.

There are 12 millions dollar listings homes sold in February 2023.

February 2023 Average Sold Price in Gilbert is $588,495
View Homes for Sale in Gilbert Under $575,000

February 2023 Average Price Per Square Feet Gilbert AZ

February 2023 average sold price per square feet for single family homes in Gilbert is $264.00 per square feet, compare to $286.00 a year ago.

Average price per square feet in Gilbert is $264
View Homes for Sale in Gilbert Under $250 per square feet
💡 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?

February 2023 Housing Market Report by Gilbert AZ zip code

Gilbert AZ zip code Median Sold Price Average Sold Price
Gilbert AZ 85233 $490,000 $510,928
Gilbert AZ 85234 $490,000 $541,887
Gilbert AZ 85295 $491,250 $602,063
Gilbert AZ 85296 $518,750 $547,328
Gilbert AZ 85297 $547,000 $616,769
Gilbert AZ 85298 $630,000 $692,411

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 zip code to zip code 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.

New Listing in Last 24 Hours Gilbert AZ

Homes for Sale Gilbert AZ
Homes for Sale Under $200,000Homes for Sale $600,000 - $700,000
Homes for Sale $200,000 - $300,000Homes for Sale $700,000 - $800,000
Homes for Sale $300,000 - $400,000Homes for Sale $800,000 - $900,000
Homes for Sale $400,000 - $500,000Homes for Sale $900,000 - $1,000,000
Homes for Sale $500,000 - $600,000Homes for Sale Over $1,000,000
New Construction HomesHomes with Private Pool
Single Story HomesWaterfront Homes
Golf Course Lot HomesGated Community Homes
Homes with Guest HouseNO HOA Homes
Just Reduced Price HomesRecently Sold Homes

Just Reduced Price Homes for Sale Gilbert AZ

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Summary
Article Name
February 2023 Gilbert AZ Housing Market Trends Report
Description
February 2023 Gilbert AZ Housing Market Trends Report, Statistics and House Value. 2023 February average sold price for single family home in Gilbert AZ is $588,495 that’s about 6.0% decreased from a year ago.
Author
Publisher Name
Swee Ng Realtor® with HomeSmart
Publisher Logo
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