Gilbert AZ Real Estate Housing Market Report - May 2022
By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Gilbert AZ Real Estate Housing Market Report for May 2022: The average sales price of Gilbert homes has increased for the fourth month in a row, going from $701,995 in April to $719,659 for May, and reaching a new all-time high. Average sales prices in Gilbert have increased in 21 out of the last 25 months.After decreasing in January, the average sold price per square foot of Gilbert homes has also increased for the fourth straight month, going from $299/sf in April to $305/sf in May. This is just another sign that home values continue to increase, as this is the 21st increase in the last 23 months. After increasing or remaining the same for 10 months, between April of 2021 and February of 2022, Gilbert days on market has declined for the third straight month,...
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