Gilbert AZ Real Estate Market Report April 2019

Market Trends

Enjoy this April 2019 Real Estate Market Report for Gilbert, Arizona.

Buyers can perform a home search and save your favorite properties, save a search and be notified as soon as a property matching your needs becomes available.


The Gilbert Arizona real estate market saw 605 new listings come to market in April 2019. The average sale price and the average listing price saw slight increases from April 2018


Let’s take a closer look at the numbers and use this information to inform your or selling decision


April average home prices in the Gilbert, Arizona area were $367,540, up from the April 2018 average of $354,318.

Home sellers averaged 53 days on the market in April 2019, down from 71 days from the previous month. Sellers netted 98.2% in April 2019 of their asking price, increasing slightly from March 2019.

 

april 2019 listings


April 2019 saw a drop off in number of homes sold in the $200,000-249,000 price range from 39 to 63 over February 2018.

New listings in the $300,000-$399,000 price range saw a 14.5% increase, from 207 in April 2018 to 237 for April 2019.

Newly listed homes in the $500,000-$549,999 price range saw a 68.4% increase from 19 in April 2018 to 32 in April 2019.

 

What does this mean if you are selling a home in Gilbert Arizona in 2019

For sellers, there is a high demand for homes in the $300,000 to $399,000 price range. The majority of new listings to hit the market in April 2019 are in the $300,000 and higher price range. This is pushing prices slightly higher from 2018. There is currently a 1.7 month supply available on the market. Sellers may benefit from higher sale prices and sold price that is very close to their asking price.

Sellers considering selling their home should take advantage of our free home value estimate, then call us at 480-529-8692 to answer your questions. We will create a marketing strategy to list and sell your home at the best price.

 

What does this mean if you are buying a home in Gilbert Arizona in 2019?

Buyers can benefit from the higher number of new listings that have come on the market in Gilbert, Arizona, specifically buyers seeking homes in the $300,000 and higher price range. For buyers in the $299,000 price range and lower, the number of new listings has seen a significant decrease from April 2018, while the number of active listings continues to decrease for 2019.

Buyers still face paying almost full market price for homes as competition heats up during the spring buying season. Buyers need to be prepared to buy when you find a house that meets your criteria, have funding in place, and work with your agent to make the best offer.

Give us a call at 480-529-8692 we will answer your buying questions to help you find the perfect home.