Real Estate Market Update for 85296 (Gilbert, AZ)
Hide / View Video Transcript
Hide / View Video Transcript
Welcome to January's Market Update. Let's take a look at residential real-estate activity in your area during the month of January. The number of active listings was up 60% from one year earlier and up 6% from the previous month This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month... was just under 260-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 39% This higher numbers of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 220-thousand dollars. The number of units sold Decreased 33% year-over-year and Decreased 21% month-over-month Fewer sales may be indicating more opportunity for buyers to negotiate better sales terms. 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.
Map Information for 85296 (Gilbert, AZ)
Area Information for 85296 (Gilbert, AZ)
  • Community Character: Significant Percentage of Family Households, High Residential Turnover, Suburb of Mesa
  • Population: 35,249
  • Median Age: 32.97 yr
  • Median Commute Time: 29.14 mins
  • Educational Climate*: 4
  • Recycling Likelihood**: 89
  • Sales Tax: 88%
  • Population Density: 3,176/sq mi
  • Population Change Since 2000: 36%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: Arizona State University East
  • Closest Jr. College: Chandler-gilbert Comm Coll
  • Median Household Income: $82,768
  • Annual Residential Turnover: 31.39%
  • Median Years in Residence: 2.02 yr
  • Median Home Sales Price: $157,173
  • Closest Major Sports Team: Azl Cubs (r)
  • Change Avg. Household Income Since 2000: 12%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for 85296 (Gilbert, AZ)
Median Age: 32.97 Married: 54% Number of Households: 11,965 Households with Children: 5,859
    • 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 85296 (Gilbert, AZ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Desert Hills High School 1.3 mi Public 9-12 2-5 3
      Greenhouse Montessori 1.6 mi Private PRESCHOOL-K 0 0
      Settlers Point Elementary School 2.1 mi Public K-6 4 4
      Rancho Solano Private Schools - Gilbert Campus 2.1 mi Private PRESCHOOL-5 0 4
      Learning Foundation - Arts Gilbert 2.3 mi Public K-12 3-5 4
      Benjamin Franklin Charter School - Gilbert 2.4 mi Public K-6 4-5 4
      Benjamin Franklin Charter School - Power 2.4 mi Public K-6 4-5 5
      Gilbert Christian Schools 2.5 mi Private PRESCHOOL-12 0 5
      Mesquite Elementary School 2.7 mi Public K-6 3-5 4
      San Tan Learning Center 2.7 mi Public PRESCHOOL-8 3-5 4
      Finley Farms Elementary School 2.8 mi Public K-6 4 4
      Evit - Gilbert High School 3.3 mi Public 9-12 0 0
      Highland High School 3.3 mi Public 9-12 0 0
      Greenfield Junior High School 3.4 mi Public 7-8 4-5 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 2014
      Local Weather for 85296 (Gilbert, AZ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.