Real Estate Market Update for 85296 (Gilbert, AZ)

Video: Real Estate Community Tour for 85296 (Gilbert, AZ)

See Real estate community tour for 85296 (Gilbert, AZ)
Welcome to October's Market Update. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was down 11% from one year earlier, and up 12% 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 330-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 21%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 280-thousand dollars. The number of units sold increased 5% year-over-year, and decreased 17% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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 85296 (Gilbert, AZ)
Area Information for 85296 (Gilbert, AZ)
  • Population: 43,304
  • Median Age: 32.76 yr
  • Median Commute Time: 28 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 3,824/sq mi
  • Population Change Since 2000: 63.96%
  • Closest Airport: Phoenix-mesa Gateway
  • Closest College: Arizonia State University-polytech
  • Closest Jr. College: Chandler-gilbert Community College
  • Median Household Income: $81,870
  • Annual Residential Turnover: 19%
  • Median Home Sales Price: $235,000
  • Closest Major Sports Team: Azl Athletics (r)
  • Change Avg. Household Income Since 2000: 17.95%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 85296 (Gilbert, AZ)
Median Age: 32.76 Married: 43% Number of Households: 14,108 Households with Children: 6,318
    • 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 School Rating Parent Rating
      Desert Hills High School 1.3 mi Public 9-12 2 0
      Settlers Point Elementary School 2.1 mi Public PRESCHOOL-6 4 0
      Rancho Solano Prepatory School - Gilbert Campus 2.1 mi Private PRESCHOOL-5 0 0
      Learning Foundation And Performing Arts Gilbert 2.3 mi Public K-12 3 0
      Benjamin Franklin Charter School - Gilbert 2.4 mi Public K-6 5 0
      Gilbert Christian Schools 2.5 mi Private PRESCHOOL-8 0 0
      Mesquite Elementary School 2.7 mi Public PRESCHOOL-6 4 0
      Pieceful Solutions Charter School - Higley Campus 2.7 mi Public - 0 0
      Greenhouse Montessori 2.9 mi Private PRESCHOOL-K 0 0
      Finley Farms Elementary School 3.0 mi Public K-6 4 5
      Highland High School 3.3 mi Public 9-12 4 4
      Evit - Gilbert High School 3.3 mi Public 9-12 0 0
      Gilbert Global Academy Junior High 3.3 mi Public 7-8 0 0
      Greenfield Junior High School 3.4 mi Public 7-8 4 0
      Learning Foundation And Performing Arts Warner 3.9 mi Public K-6 0 0
      San Tan Learning Center 4.6 mi Public PRESCHOOL-9 4 0
      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: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for 85296 (Gilbert, AZ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.