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May 2020 Gilbert AZ Housing Market Update

Gilbert AZ Real Estate Housing Market Update

Gilbert AZ Real Estate Housing Market Update

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

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May 2020 Scottsdale AZ Housing Market Report
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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

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 2020 Housing Market Report by Gilbert AZ zip code

Gilbert AZ zip code Median Sold Price Average Sold Price
Gilbert AZ 85233 $383,000 $407,913
Gilbert AZ 85234 $359,900 $379,861
Gilbert AZ 85295 $362,500 $391,616
Gilbert AZ 85296 $345,000 $377,501
Gilbert AZ 85297 $360,000 $437,278
Gilbert AZ 85298 $408,000 $471,536

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

We can help!
We would love the opportunity to help you for your real estate needs in Phoenix area! ☎️ Call or 📱 text us at 480-721-6253 today.

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Summary
Article Name
May 2020 Gilbert AZ Housing Market Trends Report
Description
May 2020 Gilbert AZ Housing Market Update, Statistics and House Value. Average sold price for single family home in Gilbert AZ was $409,739 that’s about 6.1% appreciation from May 2019.
Author
Publisher Name
Swee Ng Realtor® with HomeSmart
Publisher Logo
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