Real Estate Market Update for 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 October. The number of active listings was down 2% from one year earlier, and down 8% 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 310-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 87%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 250-thousand dollars. The number of units sold decreased 4% year-over-year, and decreased 11% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better 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.
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Map Information for Gilbert, AZ
Area Information for Gilbert, AZ
  • Population: 212,723
  • Median Age: 31.35 yr
  • Median Commute Time: 26.59 mins
  • Educational Climate*: 4
  • Sales Tax: 7.8%
  • Population Density: 3,130/sq mi
  • Population Change Since 2000: 83.29%
  • Closest Airport: Phoenix-mesa Gateway
  • Closest College: Arizonia State University-polytech
  • Closest Jr. College: Chandler-gilbert Community College
  • Median Household Income: $82,062
  • Annual Residential Turnover: 26.6%
  • Median Years in Residence: 2.34 yr
  • Median Home Sales Price: $202,000
  • Closest Major Sports Team: Diamondbacks
  • Change Avg. Household Income Since 2000: 20%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Gilbert, AZ
Median Age: 31.35 Married: 34% Number of Households: 71,316 Households with Children: 34,502
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 Gilbert, AZ

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Ashland Elementary School 0.7 mi Public PRESCHOOL-6 4-5 4
      Spectrum Elementary School 0.7 mi Public PRESCHOOL-6 4 4
      Desert Hills High School 1.0 mi Public 9-12 2 3
      South Valley Jr. High School 1.1 mi Public 7-8 4-5 4
      Gateway Baptist Academy 1.5 mi Private K-12 0 3
      Quartz Hill Elementary School 1.7 mi Public PRESCHOOL-6 5 4
      Campo Verde High School 1.9 mi Public 9-12 4-5 5
      Imagine West Gilbert Elementary School 2.0 mi Public PRESCHOOL-8 3 4
      Imagine West Gilbert Middle School 2.0 mi Public PRESCHOOL-8 3-5 4
      Gilbert Christian Schools 2.0 mi Private PRESCHOOL-12 0 5
      Settlers Point Elementary School 2.1 mi Public PRESCHOOL-6 4 4
      San Tan Learning Center 2.3 mi Public PRESCHOOL-8 3-5 4
      Chaparral Elementary School 2.3 mi Public K-8 4 4
      Rancho Solano Prepatory School - Gilbert Campus 2.3 mi Private PRESCHOOL-5 0 4
      Higley Elementary School 2.4 mi Public PRESCHOOL-8 4 3
      Finley Farms Elementary School 2.5 mi Public K-6 4-5 4
      Learning Foundation And Performing Arts Gilbert 2.5 mi Public K-12 3 4
      Benjamin Franklin Charter School - Gilbert 2.5 mi Public K-6 4-5 4
      Mesquite Elementary School 2.5 mi Public PRESCHOOL-6 4 4
      Arizona Connections Academy 2.6 mi Public K-12 2-5 4
      Perry High School 2.8 mi Public 9-12 5 4
      San Tan Elementary School 2.9 mi Public PRESCHOOL-8 4-5 3
      Gilbert High School 3.0 mi Public 9-12 4 4
      Kindercare Learning Center 3.0 mi Private PRESCHOOL-K 0 0
      Greenhouse Montessori 3.0 mi Private PRESCHOOL-K 0 0
      Greenfield Junior High School 3.1 mi Public 7-8 4 4
      Gilbert Arts Academy 3.1 mi Public K-6 3 4
      Greenfield Elementary School 3.2 mi Public PRESCHOOL-6 4-5 4
      Higley High School 3.3 mi Public 9-12 4-5 3
      Higley Satellite 3.3 mi Public 9-12 0 0
      St. Anne Little Flower Montessori School 3.3 mi Catholic PRESCHOOL-6 0 0
      Mesquite Jr High School 3.3 mi Public 7-8 3-5 4
      Highland High School 3.4 mi Public 9-12 5 3
      Evit - Gilbert High School 3.4 mi Public 9-12 0 0
      Gilbert Global Academy Junior High 3.4 mi Public 7-8 0 0
      Learning Foundation And Performing Arts Warner 3.4 mi Public K-6 0 0
      Gateway Pointe Elementary School 3.5 mi Public K-6 3-5 3
      Coronado Elementary School 3.6 mi Public K-8 4-5 4
      Gilbert Elementary School 3.6 mi Public PRESCHOOL-6 3-5 4
      Christ's Greenfield Lutheran School 3.6 mi Private PRESCHOOL-8 0 5
      Weinberg Elementary School 3.7 mi Public K-6 4 4
      Sonoma Ranch Elementary School 3.7 mi Public PRESCHOOL-6 4 4
      Gilbert Classical Academy High School 3.7 mi Public 9-12 5 4
      Gilbert Classical Academy Jr. 3.7 mi Public 7-8 5 4
      Burk Elementary School 3.8 mi Public PRESCHOOL-6 3-5 4
      Sequoia Choice - Star Performing Arts 3.9 mi Public K-12 1 2
      Patterson Elementary School 4.0 mi Public PRESCHOOL-6 4-5 5
      Heritage Christian Academy 4.0 mi Private PRESCHOOL-K 0 4
      Leading Edge Academy San Tan 4.0 mi Public K-12 2 3
      Gilbert Early College, A Leading Edge High School 4.0 mi Public 9-12 4 4
      Highland Park Elementary School 4.1 mi Public PRESCHOOL-6 5 5
      Power Ranch Elementary School 4.2 mi Public K-6 4-5 4
      Centennial Elementary School 4.2 mi Public PRESCHOOL-8 4-5 4
      Val Vista Lakes Elementary School 4.3 mi Public PRESCHOOL-6 4-5 5
      Neely Traditional Academy 4.4 mi Public K-6 5 4
      Gilbert Junior High School 4.5 mi Public 7-8 3 4
      Gilbert Global Academy High School 4.6 mi Public 7-12 0 0
      Mesquite High School 4.6 mi Public 9-12 4-5 3
      Bios Christian Academy 4.6 mi Private K-12 0 0
      Islands Elementary School 4.7 mi Public K-6 3-5 4
      Challenger Basic School 4.7 mi Public K-6 5 4
      Houston Elementary School 4.7 mi Public PRESCHOOL-6 3-5 4
      Pioneer Elementary School 4.9 mi Public PRESCHOOL-6 4-5 4
      Riggs Elementary School 4.9 mi Public PRESCHOOL-6 5 5
      Playa Del Rey Elementary School 5.0 mi Public PRESCHOOL-6 4 4
      Carol Rae Ranch Elementary School 5.1 mi Public PRESCHOOL-6 4-5 4
      Chandler Traditional Academy-freedom 5.1 mi Public K-6 5 4
      Oak Tree Elementary School 5.1 mi Public PRESCHOOL-6 4 3
      Towne Meadows Elementary School 5.2 mi Public PRESCHOOL-6 4 4
      Edu-prize 5.4 mi Public K-8 5 5
      Charlotte Patterson Elementary School 6.5 mi Public PRESCHOOL-6 4-5 5
      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 © 2014
      Local Weather for 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.