David Bryson
760-902-8858

Gilbert

Why you'd want to live in Gilbert

Once known as the “Hay Shipping Capital of the World,” Gilbert, Arizona has evolved into one of the fastest growing communities and the largest town in the United States. Encompassing 72.6 square miles, just southeast of Phoenix, Gilbert has transformed from an agricultural community to a thriving and economically-diverse suburban community. Incorporated in 1920, Gilbert owes its beginnings to William "Bobby" Gilbert who provided land to the Arizona Eastern Railway in 1902 to construct a rail line between Phoenix and Florence, Arizona. During the last three decades, Gilbert has seen tremendous growth, increasing in population from 5,717 in 1980 to more than 242,955 in 2015. Many recent accolades, including being named the 2nd Safest City and the 22nd Best Place to Live in the country, explain why so many want to live and do business in Gilbert. The iconic water tower stands tall in downtown Gilbert in an area that once housed little more than the post office. Today, you will find the downtown bustling with shops, restaurants, a theater and, soon, it will also be home to a University. Gilbert boasts a nationally ranked K-12 education system including public schools, unique magnet and charter schools, with an average graduation rate of 90%. Nearly 40% of Gilbert residents hold a bachelor’s degree or higher and the median household income is $80,080. Gilbert’s booming housing industry is coupled with booming business. With a targeted focus in the Science, Technology, Engineering and Math industries, Gilbert is home to many companies with focuses in Advanced Manufacturing, Aerospace and Defense, Bio-Technology, Clean Technology and Renewable Energy. via gilbertaz.gov

Gilbert Market Report

$813,920

AVERAGE PRICE OF 654 HOMES

$499,900

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,899,054

AVERAGE PRICE OF 105 MULTI-MILLION DOLLAR HOMES

$1,004,572

AVERAGE PRICE OF 95 NEWLY BUILT HOMES

$1,018,647

AVERAGE PRICE OF 227 HOMES WITH A POOL

$760,117

AVERAGE PRICE OF 46 REDUCED PRICE HOMES

Average Home

Average Price $813,920
Avg Bedrooms 3.81 beds
Avg Bathrooms 2.94 baths

Average Price by Bedrooms

1 bedroom $245,000
2 bedrooms $452,248
3 bedrooms $578,164
4 bedrooms $727,932
5 bedrooms $1,127,580
Gilbert Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 644 607 598 1 n/a
Average Price $799,793 $771,040 $768,444 $599,900 n/a
Avg Price Change +3.73% +0.34% +28.10% n/a n/a
Median Price $627,621 $624,168 $627,590 $599,900 n/a
Med Price Change +0.55% -0.55% +4.62% n/a n/a
Avg Bedrooms 3.8 beds 3.6 beds 3.59 beds 2 beds n/a
Avg Bathrooms 2.93 baths 2.82 baths 2.83 baths 3 baths n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Campo Verde High School 70 $874,683 44 days
Cloudcroft 1 $640,000 21 days
Gilbert High School 78 $735,696 40 days
Highland High School 85 $1,012,242 41 days
Mesquite High School 74 $634,240 41 days
Williams Field High School 100 $644,449 41 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 654 $813,920 31 days
Distressed Homes 1 $499,900 47 days
Multi-Million Dollar Homes 105 $1,899,054 50 days
Newly Built Homes 95 $1,004,572 51 days
Homes with a Pool 227 $1,018,647 30 days
Reduced Price Homes 46 $760,117 39 days