Real Estate Market Update for 85295 (Gilbert, AZ)

Video: Real Estate Community Tour for 85295 (Gilbert, AZ)

See Real estate community tour for 85295 (Gilbert, AZ)
Welcome to December's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of December. The number of active listings was down 23% from one year earlier, and down 14% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 300-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 35%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 240-thousand dollars. The number of units sold decreased 19% year-over-year, and increased 3% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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 85295 (Gilbert, AZ)
Area Information for 85295 (Gilbert, AZ)
  • Population: 38,954
  • Median Age: 29.24 yr
  • Median Commute Time: 30.74 mins
  • Educational Climate*: 4
  • Sales Tax: 6.3%
  • Population Density: 3,082/sq mi
  • Population Change Since 2000: 471.68%
  • Closest Airport: Phoenix-mesa Gateway
  • Closest College: Arizonia State University-polytech
  • Closest Jr. College: Chandler-gilbert Community College
  • Median Household Income: $91,215
  • Annual Residential Turnover: 21.29%
  • Median Years in Residence: 2.45 yr
  • Median Home Sales Price: $189,000
  • Closest Major Sports Team: Diamondbacks
  • Change Avg. Household Income Since 2000: 30%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 85295 (Gilbert, AZ)
Median Age: 29.24 Married: 34% Number of Households: 13,031 Households with Children: 6,474
    • 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 85295 (Gilbert, AZ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Chaparral Elementary School 0.3 mi Public K-8 4-5 4
      Higley Elementary School 0.5 mi Public PRESCHOOL-8 4-5 3
      Higley High School 1.1 mi Public 9-12 5 3
      Higley Satellite 1.1 mi Public 9-12 0 0
      Spectrum Elementary School 2.7 mi Public PRESCHOOL-6 4 4
      Ashland Elementary School 2.8 mi Public PRESCHOOL-6 4-5 4
      South Valley Jr. High School 3.4 mi Public 7-8 4-5 4
      Gateway Baptist Academy 3.8 mi Private K-12 0 3
      Gateway Pointe Elementary School 4.2 mi Public K-6 3-5 3
      Imagine West Gilbert Elementary School 4.3 mi Public PRESCHOOL-8 3 4
      Imagine West Gilbert Middle School 4.3 mi Public PRESCHOOL-8 3 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: and Onboard Informatics © 2015
      Local Weather for 85295 (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.