• 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

    $810,138

    AVERAGE PRICE OF 641 HOMES

    $499,900

    AVERAGE PRICE OF 1 DISTRESSED HOMES

    $1,900,600

    AVERAGE PRICE OF 101 MULTI-MILLION DOLLAR HOMES

    $955,147

    AVERAGE PRICE OF 94 NEWLY BUILT HOMES

    $1,014,199

    AVERAGE PRICE OF 221 HOMES WITH A POOL

    $769,471

    AVERAGE PRICE OF 39 REDUCED PRICE HOMES

    Average Home

    Average Price $810,138
    Avg Bedrooms 3.8 beds
    Avg Bathrooms 2.93 baths

    Average Price by Bedrooms

    1 bedroom $245,000
    2 bedrooms $450,476
    3 bedrooms $577,466
    4 bedrooms $729,303
    5 bedrooms $1,113,083
    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 69 $846,636 45 days
    Cloudcroft 1 $640,000 24 days
    Gilbert High School 81 $730,659 41 days
    Highland High School 78 $1,028,620 41 days
    Mesquite High School 76 $632,313 42 days
    Williams Field High School 98 $635,264 43 days
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 641 $810,138 33 days
    Distressed Homes 1 $499,900 50 days
    Multi-Million Dollar Homes 101 $1,900,600 51 days
    Newly Built Homes 94 $955,147 52 days
    Homes with a Pool 221 $1,014,199 32 days
    Reduced Price Homes 39 $769,471 39 days