February 2020 Gilbert AZ Housing Market Update, Statistics and House Value

Here are February 2020 Gilbert AZ Housing Market Update for single family detached home. Be sure to Contact Us, if you have any questions about this report or about how the market is performing. This report includes MLS data for the past 12 months for Gilbert AZ provided by the FlexMLS system.

February 2020 Gilbert AZ Housing Market Trends Highlight:

New Listings had increased about 3.0% from a year ago
February 2020 average sold price for single family home in Gilbert AZ was $435,321 that’s about 21.2% appreciation from February 2019
Gilbert AZ single family homes median sold price in February 2020 was $383,000 and had increased about 17.1% from a year ago
About 99% of single family homes sold in February 2020 are regular sale
Most Expensive House Sold in Gilbert AZ in February 2020 was sold at $1,750,000

Number of Single Family Homes Sold in February 2020

Based on February 2020 statistic, we saw 360 single family homes sold in Gilbert AZ compare to 322 from a year ago. That is about 11.8% increased of number of single family home sold from last year.

The Days on Market (DOM) for February 2020 is 49 days, compare to 58 in February 2019. It took average about 49 days (Days on Market) to get your Gilbert AZ single family home sold in February 2020.

Gilbert AZ February 2020 Median Sold Price Analysis

Median sold price for Gilbert AZ single family homes in February 2020 in Gilbert AZ is $383,000. The median sold price in February 2019 was $327,000. Compare to a year ago, the median sold price for single family home in Gilbert has increased about 17.1% from February 2019.

February 2020 Gilbert AZ Average Sold Price Analysis

Gilbert AZ single family homes average sold price in February 2020 is $435,321. Compare to $359,090 a year ago, the average sold price had increased about 21.2% from February 2019.

There are seven millions dollar listings homes sold in February 2019.

February 2020 Average Price Per Square Feet Gilbert AZ

February 2020 average sold price per square feet for single family homes in Gilbert is $181.00 per square feet.

The statistic indicate that buyers are paying more for a home compare to 1 year ago.

As a reminder, you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying. Blended statistics will not be as accurate as a more detailed report we can provide to help you with your decision making.

If you are considering buying a home in Gilbert there is a sufficient inventory of homes to choose from and having a good real estate agent who understands the market is a must. Interest rates are still low so don’t wait too long on the sidelines; many listings when priced correctly are starting to sell within a few days of hitting the market.

Wondering how much house I can afford?

Click here to access the Mortgage House Payment Calculator. Simply add in the price of the home you are considering and the calculator will return your estimated house payment. Change length of loan and interest rates to adjust results.

Affordable Financing Options Available

Several low down payment financing options including down payment assistance programs are available. Contact Us to find out what loan programs you qualify for. Learn more about how to buy a house in Gilbert AZ with a low down payment.