Real Estate Market Update for Gilbert, AZ

Video: Real Estate Community Tour for Gilbert, AZ

See Real estate community tour for Gilbert, AZ
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 35% from one year earlier, and down 11% 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 330-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 10%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 270-thousand dollars. The number of units sold increased 9% year-over-year, and decreased 6% 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.
Show Transcript
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 Ranch Elementary 0.7 mi Public PRESCHOOL-6 4-5 4
      Spectrum Elementary 0.7 mi Public PRESCHOOL-6 4 4
      Desert Hills High School 1.0 mi Public 9-12 1 3
      South Valley Junior 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 1.7 mi Public PRESCHOOL-6 4-5 4
      Campo Verde High School 1.9 mi Public 9-12 5 5
      Imagine Charter Elementary School At West Gilbert 2.0 mi Public PRESCHOOL-8 3 4
      Gilbert Christian School 2.0 mi Private PRESCHOOL-12 0 5
      Settlers Point Elementary 2.1 mi Public PRESCHOOL-6 4 4
      Rancho Solano Prep Schools 2.3 mi Private PRESCHOOL-5 0 4
      Higley Elementary School 2.4 mi Public PRESCHOOL-8 4-5 3
      Finley Farms Elementary 2.5 mi Public K-6 4 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
      San Tan Elementary 2.9 mi Public K-6 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 4-5 4
      Gilbert Arts Academy 3.1 mi Public K-6 2-5 4
      Greenfield Elementary School 3.2 mi Public PRESCHOOL-6 5 4
      Higley High School 3.3 mi Public 9-12 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 Junior High School 3.3 mi Public 7-8 3-5 4
      Highland High School 3.4 mi Public 9-12 4-5 3
      Evit Gilbert 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
      Coronado Elementary School 3.6 mi Public K-6 4-5 4
      Gilbert Elementary School 3.6 mi Public PRESCHOOL-6 3 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 3-5 4
      Gilbert Classical Academy Junior High 3.7 mi Public 7-8 5 4
      Gilbert Classical Academy 3.7 mi Public 9-12 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
      Leading Edge Academy Gilbert Elementary School 4.0 mi Public K-6 2-5 3
      Heritage Christian Academy 4.0 mi Private PRESCHOOL-K 0 4
      Gilbert Early College 4.0 mi Public 9-12 3-5 4
      Highland Park Elementary 4.1 mi Public PRESCHOOL-6 4-5 5
      San Tan Charter School 4.1 mi Public PRESCHOOL-8 3-5 4
      Power Ranch Elementary 4.2 mi Public K-6 5 4
      Val Vista Lakes Elementary School 4.3 mi Public PRESCHOOL-6 4 5
      Neely Traditional Academy 4.4 mi Public K-6 5 4
      Gilbert Junior High School 4.5 mi Public 7-8 2-5 4
      Gilbert Global Academy High School 4.6 mi Public 7-12 0 0
      Mesquite High School 4.6 mi Public 9-12 4 3
      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
      The Learning Curve 4.8 mi Private PRESCHOOL-K 0 0
      A Simple Path Montessori 4.8 mi Private PRESCHOOL-K 0 0
      Pioneer Elementary School 4.9 mi Public PRESCHOOL-6 4-5 4
      Riggs Elementary 4.9 mi Public PRESCHOOL-6 5 5
      Playa Del Rey Elementary School 5.0 mi Public PRESCHOOL-6 4 4
      Gateway Pointe Elementary 5.1 mi Public K-6 3-5 3
      Carol Rae Ranch Elementary 5.1 mi Public PRESCHOOL-6 4 4
      Chandler Traditional Campus Freedom 5.1 mi Public PRESCHOOL-6 5 4
      Oak Tree Elementary 5.1 mi Public PRESCHOOL-6 3 3
      Towne Meadows Elementary School 5.2 mi Public PRESCHOOL-6 4 4
      Edu Prize 5.4 mi Public K-8 4-5 5
      Charlotte Patterson Elementary 6.5 mi Public PRESCHOOL-6 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 © 2015
      Local Weather for 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.