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Wednesday, November 6, 2024

Gilbert home prices rise in February 2018

Re 14

The median sale price of a home sold in February 2018 in Gilbert rose by $27,300 while total sales increased by 20.3%, according to BlockShopper.com.

In February 2018, there were 397 homes sold, with a median sale price of $306,300 - a 9.8% increase over the $279,000 median sale price for the same period of the previous year. There were 330 homes sold in Gilbert in February 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 February 2018.

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

CityFeb. 2018 Home SalesFeb. 2017 Home Sales% change (Total Home Sales)Feb. 2018 Median Sales PriceFeb. 2017 Median Sales Price% change (Median Sales Price)
Wickenburg1012-16.7%$340,000$227,00049.8%
Queen Creek7184-15.5%$337,000$292,37715.3%
Litchfield Park12850%$332,000$419,527-20.9%
Goodyear (unincorporated) 40-$328,500$0-
Phoenix (unincorporated) 776911.6%$310,000$290,0006.9%
Gilbert39733020.3%$306,300$279,0009.8%
Wickenburg (unincorporated) 110%$295,000$23,0001182.6%
Fountain Hills70691.4%$293,250$320,000-8.4%
Queen Creek (unincorporated) 25-60%$290,250$285,0001.8%
Uninc-85383/Peoria North714-50%$290,000$255,623.5013.4%
Wittmann (unincorporated) 78-12.5%$287,500$56,125412.2%

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