Real Estate Market Update for Gilbert, AZ
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 16% from one year earlier, and down 8% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 400-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 4%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 320-thousand dollars. The number of units sold decreased 8% year-over-year, and increased 25% 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 Gilbert, AZ

Area Information for Gilbert, AZ
  • Population: 259,731
  • Median Age: 34.12 yr
  • Median Commute Time: 27 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 3,810/sq mi
  • Population Change Since 2000: 123.54%
  • Closest Airport: Phoenix-mesa Gateway
  • Closest College: Arizonia State University-polytech
  • Closest Jr. College: Chandler-gilbert Community College
  • Median Household Income: $85,597
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $374,900
  • Closest Major Sports Team: Azl Cubs (r)
  • Change Avg. Household Income Since 2000: 32.26%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Gilbert, AZ
Median Age: 34.12 Married: 44% Number of Households: 86,317 Households with Children: 37,095
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 School Rating Parent Rating
      Spondeo Preschool 0.2 mi Private PRESCHOOL-K 0 0
      Spectrum Elementary School 0.2 mi Public PRESCHOOL-6 4 0
      Ashland Elementary School 1.1 mi Public PRESCHOOL-6 4 0
      Campo Verde High School 1.1 mi Public 9-12 4 0
      Quartz Hill Elementary School 1.2 mi Public K-6 4 0
      South Valley Jr. High School 1.3 mi Public 7-8 4 0
      American Leadership Academy - Gilbert 1.3 mi Public K-6 5 0
      Desert Hills High School 1.6 mi Public 9-12 1 0
      Ball Charter Schools (val Vista) 1.7 mi Public K-5 4 0
      Imagine West Gilbert Elementary School 2.0 mi Public PRESCHOOL-5 3 0
      Imagine West Gilbert Middle School 2.0 mi Public 6-8 3 0
      Arizona Connections Academy 2.0 mi Public K-12 2 0
      Gilbert Christian Schools - Greenfield Campus 2.3 mi Private PRESCHOOL-8 0 0
      Williams Field High School 2.3 mi Public 9-12 4 0
      Chaparral Elementary School 2.4 mi Public K-6 4 0
      Gateway Baptist Academy 2.4 mi Private K-12 0 0
      Higley Elementary School 2.4 mi Public K-6 4 0
      Gilbert Christian Schools - Agritopia Campus 2.5 mi Private PRESCHOOL-8 0 0
      Settlers Point Elementary School 2.5 mi Public PRESCHOOL-6 4 0
      Life - Lauren's Institute For Education 2.5 mi Private PRESCHOOL-UNGRADE 0 0
      San Tan Elementary School 2.6 mi Public K-6 4 0
      Perry High School 2.7 mi Public 9-12 4 0
      Creo School 2.7 mi Private - 0 0
      Kindercare Learning Center 2.7 mi Private PRESCHOOL-K 0 0
      American Leadership Academy - Gilbert North 2.8 mi Public K-6 4 0
      Benjamin Franklin Charter School - Gilbert 2.9 mi Public K-6 4 0
      Mesquite Elementary School 3.1 mi Public PRESCHOOL-6 4 0
      Leading Edge Academy - Gilbert Early College 3.1 mi Public 7-12 4 0
      Leading Edge Academy - Gilbert Elementary 3.1 mi Public K-6 3 0
      Leading Edge Online Academy 3.1 mi Public 6-12 2 0
      Weinberg Elementary School 3.1 mi Public K-6 4 0
      Finley Farms Elementary School 3.2 mi Public K-6 3 0
      Gilbert Christian School - High School Campus 3.2 mi Private 9-12 0 0
      Coronado Elementary School 3.3 mi Public K-6 4 0
      Higley Satellite 3.3 mi Public 9-12 0 0
      Higley High School 3.3 mi Public 9-12 4 0
      Gilbert High School 3.5 mi Public 9-12 2 0
      Kaizen - Gilbert Arts Academy 3.6 mi Public K-6 3 0
      Greenfield Junior High School 3.6 mi Public 7-8 4 0
      Centennial Elementary School 3.7 mi Public K-6 4 0
      Mesquite Jr High School 3.7 mi Public 7-8 2 0
      Greenfield Elementary School 3.7 mi Public K-6 5 0
      Highland High School 3.8 mi Public 9-12 4 0
      Evit - Gilbert High School 3.8 mi Public 9-12 0 0
      Power Ranch Elementary School 3.9 mi Public K-6 4 0
      Learning Foundation And Performing Arts Warner 3.9 mi Public K-6 2 0
      Gilbert Elementary School 4.0 mi Public PRESCHOOL-6 2 0
      Learning Foundation And Performing Arts Gilbert 4.0 mi Public K-12 2 0
      Bridges Elementary School 4.3 mi Public K-6 5 0
      Sonoma Ranch Elementary School 4.3 mi Public PRESCHOOL-6 4 0
      Burk Elementary School 4.3 mi Public PRESCHOOL-6 3 0
      Christ's Greenfield Lutheran School 4.3 mi Private PRESCHOOL-8 0 0
      Patterson Elementary School 4.5 mi Public PRESCHOOL-6 4 0
      Chandler Traditional Academy-freedom 4.6 mi Public PRESCHOOL-6 5 0
      San Tan Learning Center 4.7 mi Public K-12 3 0
      Highland Park Elementary School 4.7 mi Public PRESCHOOL-6 4 0
      Mesquite High School 4.8 mi Public 9-12 1 0
      Gilbert Global Academy Online School 4.8 mi Public 7-12 4 0
      Neely Traditional Academy 4.8 mi Public K-6 5 0
      Val Vista Lakes Elementary School 4.9 mi Public PRESCHOOL-6 3 0
      Islands Elementary School 4.9 mi Public PRESCHOOL-6 3 0
      Gilbert Classical Academy 5.0 mi Public 7-11 5 0
      Gilbert Classical Academy High School 5.0 mi Public 7-12 5 0
      Sun Valley Learning Center 5.1 mi Private PRESCHOOL-PRESCHOOL 0 0
      Houston Elementary School 5.2 mi Public PRESCHOOL-6 2 0
      A Simple Path Montessori 5.3 mi Private PRESCHOOL-K 0 0
      Challenger Basic School 5.3 mi Public K-6 5 0
      Playa Del Rey Elementary School 5.3 mi Public PRESCHOOL-6 3 0
      Pioneer Elementary School 5.5 mi Public PRESCHOOL-6 4 0
      Oak Tree Elementary School 5.5 mi Public PRESCHOOL-6 2 0
      Gateway Pointe Elementary School 5.6 mi Public K-6 3 0
      Great Hearts Academies - Arete Preparatory Academy 5.6 mi Public 6-12 3 0
      Great Hearts Academies - Archway Arete 5.6 mi Public K-5 5 0
      Carol Rae Ranch Elementary School 5.7 mi Public PRESCHOOL-6 4 0
      Cooley Middle School 5.7 mi Public 7-8 4 0
      Elona P. Cooley Early Child Development Center 5.7 mi Public PRESCHOOL-PRESCHOOL 0 0
      Towne Meadows Elementary School 5.8 mi Public PRESCHOOL-6 4 0
      Eduprize School - Gilbert Campus 5.8 mi Public PRESCHOOL-12 4 0
      Riggs Elementary School 5.9 mi Public PRESCHOOL-6 4 0
      Ps Academy Arizona 5.9 mi Private K-12 0 0
      Charlotte Patterson Elementary School 6.0 mi Public K-6 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.
      Local Weather for Gilbert, AZ
        Data powered by Attom Data Solutions. Copyright© 2020. Information 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.