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 January's Market Update. Lets take a look at residential real-estate activity in your area during the month of December. The number of active listings was down 35% from one year earlier, and down 20% 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 over 370-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 3%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 300-thousand dollars. The number of units sold decreased 1% year-over-year, and increased 6% 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: 245,139
  • Median Age: 33.64 yr
  • Median Commute Time: 27 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 3,596/sq mi
  • Population Change Since 2000: 111.06%
  • Closest Airport: Phoenix-mesa Gateway
  • Closest College: Arizonia State University-polytech
  • Closest Jr. College: Chandler-gilbert Community College
  • Median Household Income: $82,086
  • Annual Residential Turnover: 18%
  • Median Home Sales Price: $273,622
  • Closest Major Sports Team: Azl Athletics (r)
  • Change Avg. Household Income Since 2000: 25.87%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Gilbert, AZ
Median Age: 33.64 Married: 44% Number of Households: 81,465 Households with Children: 35,277
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 0.4 mi Private - 0 0
      Ashland Elementary School 0.7 mi Public PRESCHOOL-6 4 0
      Spectrum Elementary School 0.7 mi Public PRESCHOOL-6 4 0
      Desert Hills High School 1.0 mi Public 9-12 1 0
      South Valley Jr. High School 1.1 mi Public 7-8 4 0
      American Leadership Academy - Gilbert 1.2 mi Public K-6 5 0
      Leading Edge Academy San Tan 1.5 mi Public 6-8 3 0
      Campo Verde High School 1.7 mi Public 9-12 4 3
      Quartz Hill Elementary School 1.8 mi Public K-6 4 0
      Imagine West Gilbert Elementary School 2.0 mi Public PRESCHOOL-8 3 0
      Gilbert Christian Schools 2.0 mi Private PRESCHOOL-8 0 0
      Williams Field High School 2.0 mi Public 9-12 4 3
      Imagine West Gilbert Middle School 2.0 mi Public PRESCHOOL-8 2 0
      Higley Elementary School 2.2 mi Public K-6 4 0
      Settlers Point Elementary School 2.2 mi Public PRESCHOOL-6 4 4
      Pieceful Solutions Charter School - Higley Campus 2.2 mi Public - 0 0
      Ball Charter Schools (val Vista) 2.2 mi Public K-5 4 0
      Chaparral Elementary School 2.3 mi Public K-6 4 0
      Learning Foundation And Performing Arts Gilbert 2.5 mi Public K-12 3 0
      Benjamin Franklin Charter School - Gilbert 2.5 mi Public K-6 4 0
      Mesquite Elementary School 2.5 mi Public PRESCHOOL-6 4 0
      Arizona Connections Academy 2.6 mi Public K-12 3 0
      Finley Farms Elementary School 2.6 mi Public K-6 4 5
      San Tan Elementary School 2.7 mi Public K-6 4 0
      Perry High School 2.8 mi Public 9-12 4 4
      Gateway Baptist Academy 2.9 mi Private K-12 0 0
      Kindercare Learning Center 3.0 mi Private PRESCHOOL-K 0 0
      Gilbert High School 3.0 mi Public 9-12 4 3
      Greenhouse Montessori 3.0 mi Private PRESCHOOL-K 0 0
      Leading Edge Academy - Gilbert Elementary 3.0 mi Public K-6 4 0
      Leading Edge Online Academy 3.0 mi Public 6-12 3 0
      Leading Edge Academy - Gilbert Early College 3.0 mi Public 7-12 4 4
      Greenfield Junior High School 3.0 mi Public 7-8 4 0
      Kaizen - Gilbert Arts Academy 3.1 mi Public K-6 3 0
      Greenfield Elementary School 3.2 mi Public PRESCHOOL-6 5 0
      Higley High School 3.2 mi Public 9-12 4 3
      Higley Satellite 3.2 mi Public 9-12 0 0
      Mesquite Jr High School 3.3 mi Public 7-8 3 0
      Highland High School 3.4 mi Public 9-12 4 4
      Gilbert Global Academy Junior High 3.4 mi Public 7-8 0 0
      Evit - Gilbert High School 3.4 mi Public 9-12 0 0
      Learning Foundation And Performing Arts Warner 3.4 mi Public K-6 0 0
      Coronado Elementary School 3.5 mi Public K-6 4 0
      Gilbert Elementary School 3.6 mi Public PRESCHOOL-6 3 0
      Weinberg Elementary School 3.7 mi Public K-6 4 0
      Sonoma Ranch Elementary School 3.7 mi Public PRESCHOOL-6 4 0
      Christ's Greenfield Lutheran School 3.7 mi Private PRESCHOOL-8 0 0
      Burk Elementary School 3.8 mi Public PRESCHOOL-6 3 0
      Edkey - Sequoia Choice Star Performing Arts 3.9 mi Public K-12 1 0
      Patterson Elementary School 4.0 mi Public PRESCHOOL-6 4 0
      Power Ranch Elementary School 4.0 mi Public K-6 5 0
      San Tan Learning Center 4.1 mi Public PRESCHOOL-9 4 0
      Highland Park Elementary School 4.2 mi Public PRESCHOOL-6 5 0
      Centennial Elementary School 4.2 mi Public K-6 4 0
      Val Vista Lakes Elementary School 4.3 mi Public PRESCHOOL-6 4 0
      Neely Traditional Academy 4.4 mi Public K-6 5 0
      Gilbert Classical Academy High School 4.5 mi Public 7-12 5 4
      Gilbert Classical Academy Jr. 4.5 mi Public 7-8 5 3
      Gilbert Junior High School 4.5 mi Public 7-8 3 0
      Gilbert Global Academy High School 4.6 mi Public 7-12 0 0
      Mesquite High School 4.6 mi Public 9-12 4 3
      Challenger Basic School 4.7 mi Public K-6 5 0
      Houston Elementary School 4.7 mi Public PRESCHOOL-6 3 0
      Islands Elementary School 4.7 mi Public PRESCHOOL-6 4 0
      A Simple Path Montessori 4.8 mi Private PRESCHOOL-K 0 0
      Pioneer Elementary School 4.9 mi Public PRESCHOOL-6 4 0
      Bridges Elementary School 4.9 mi Public - 0 0
      Playa Del Rey Elementary School 5.0 mi Public PRESCHOOL-6 4 0
      Great Hearts Academies - Archway Arete 5.0 mi Public K-5 0 0
      Gateway Pointe Elementary School 5.0 mi Public K-6 4 0
      Chandler Traditional Academy-freedom 5.1 mi Public PRESCHOOL-6 5 5
      Autism Academy For Education & Development 5.1 mi Private K-9 0 0
      Oak Tree Elementary School 5.1 mi Public PRESCHOOL-6 3 0
      Carol Rae Ranch Elementary School 5.1 mi Public PRESCHOOL-6 4 0
      Elona P. Cooley Early Child Development Center 5.2 mi Public - 0 0
      Cooley Middle School 5.2 mi Public 7-8 5 0
      Towne Meadows Elementary School 5.2 mi Public PRESCHOOL-6 4 0
      Eduprize School - Gilbert Campus 5.4 mi Public PRESCHOOL-10 4 0
      Riggs Elementary School 6.3 mi Public PRESCHOOL-6 4 0
      Charlotte Patterson Elementary School 6.5 mi Public PRESCHOOL-6 5 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 SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 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.