Real Estate Market Update for 85234 (Gilbert, AZ)

Video: Real Estate Community Tour for 85234 (Gilbert, AZ)

See Real estate community tour for 85234 (Gilbert, AZ)
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was down 33% from one year earlier, and up 1% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 350-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 7%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 250-thousand dollars. The number of units sold increased 17% year-over-year, and increased 12% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 85234 (Gilbert, AZ)
Area Information for 85234 (Gilbert, AZ)
  • Population: 51,227
  • Median Age: 31.99 yr
  • Median Commute Time: 25.75 mins
  • Educational Climate*: 4
  • Sales Tax: 6.3%
  • Population Density: 4,303/sq mi
  • Population Change Since 2000: 21.27%
  • Closest Airport: Phoenix-mesa Gateway
  • Closest College: Arizonia State University-polytech
  • Closest Jr. College: Chandler-gilbert Community College
  • Median Household Income: $77,371
  • Annual Residential Turnover: 21.94%
  • Median Years in Residence: 2.74 yr
  • Median Home Sales Price: $193,000
  • Closest Major Sports Team: Diamondbacks
  • Change Avg. Household Income Since 2000: 18%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 85234 (Gilbert, AZ)
Median Age: 31.99 Married: 34% Number of Households: 16,881 Households with Children: 8,335
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 85234 (Gilbert, AZ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Sonoma Ranch Elementary School 0.2 mi Public PRESCHOOL-6 3-5 4
      Val Vista Lakes Elementary School 0.5 mi Public PRESCHOOL-6 4 5
      Patterson Elementary School 0.7 mi Public PRESCHOOL-6 4 5
      Gilbert Classical Academy Jr. 0.9 mi Public 7-8 5 4
      Gilbert Classical Academy High School 0.9 mi Public 9-12 5 4
      Christ's Greenfield Lutheran School 0.9 mi Private PRESCHOOL-8 0 5
      Heritage Christian Academy 1.0 mi Private PRESCHOOL-K 0 4
      Challenger Basic School 1.1 mi Public K-6 5 4
      Gilbert High School 1.2 mi Public 9-12 4 4
      Pioneer Elementary School 1.2 mi Public PRESCHOOL-6 4-5 4
      Greenfield Elementary School 1.4 mi Public PRESCHOOL-6 5 4
      Gilbert Arts Academy 1.4 mi Public K-6 2-5 4
      Burk Elementary School 1.7 mi Public PRESCHOOL-6 3-5 4
      Gilbert Junior High School 1.7 mi Public 7-8 2-5 4
      Houston Elementary School 1.8 mi Public PRESCHOOL-6 3-5 4
      St Anne Little Flower Montessori School 1.8 mi Catholic PRESCHOOL-6 0 0
      Gilbert Early College, A Leading Edge High School 2.1 mi Public 9-12 3-5 4
      Sequoia Choice - Star Performing Arts 2.2 mi Public K-12 1 2
      A Simple Path Montessori 2.2 mi Private PRESCHOOL-K 0 0
      Carol Rae Ranch Elementary School 2.4 mi Public PRESCHOOL-6 4 4
      Highland Park Elementary School 2.5 mi Public PRESCHOOL-6 4-5 5
      Towne Meadows Elementary School 2.8 mi Public PRESCHOOL-6 4 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 85234 (Gilbert, AZ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.