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Wednesday, April 24, 2024

Gilbert home prices rise in May 2018

Re 1

The median sale price of a home sold in May 2018 in Gilbert rose by $13,000 while total sales decreased by 12.9%, according to BlockShopper.com.

In May 2018, there were 479 homes sold, with a median sale price of $305,000 - a 4.5% increase over the $292,000 median sale price for the same period of the previous year. There were 550 homes sold in Gilbert in May 2017.

The median sales tax in Gilbert for the most recent year with available data, 2017, was $1,839, approximately 0.6% of the median home sale price for May 2018.

The following table compares Gilbert to other Maricopa County cities with similar median sales prices in May 2018:

CityMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
Waddell (unincorporated) 3139-20.5%$310,000$260,00019.2%
Chandler (unincorporated) 7391-19.8%$310,000$279,95010.7%
Uninc-85375/Sun City West20-$308,600$0-
Chandler467521-10.4%$308,500$289,9006.4%
Wickenburg1220-40%$307,250$196,50056.4%
Gilbert479550-12.9%$305,000$292,0004.5%
Tempe191230-17%$295,000$263,47512%
Uninc-85387/Surprise North1126-57.7%$287,735$286,577.500.4%
Litchfield Park (unincorporated) 5065-23.1%$276,450$258,0007.2%
Uninc-85383/Peoria North710-30%$275,000$264,425.504%
Goodyear180222-18.9%$263,950$245,0007.7%

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