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Wednesday, November 6, 2024

Gilbert home prices rise in January 2018

Re 1

The median sale price of a home sold in January 2018 in Gilbert rose by $17,500 while total sales decreased by 6.6%, according to BlockShopper.com.

In January 2018, there were 326 homes sold, with a median sale price of $297,500 - a 6.3% increase over the $280,000 median sale price for the same period of the previous year. There were 349 homes sold in Gilbert in January 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 January 2018.

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

CityJan. 2018 Home SalesJan. 2017 Home Sales% change (Total Home Sales)Jan. 2018 Median Sales PriceJan. 2017 Median Sales Price% change (Median Sales Price)
Surprise (unincorporated) 14-75%$314,900$177,50077.4%
Phoenix (unincorporated) 5863-7.9%$314,700$334,500-5.9%
Uninc-85383/Peoria North412-66.7%$310,000$257,792.5020.3%
Litchfield Park880%$306,500$425,000-27.9%
Wittmann (unincorporated) 1013-23.1%$298,750$262,00014%
Gilbert326349-6.6%$297,500$280,0006.3%
Queen Creek59590%$291,000$306,687-5.1%
Chandler3433274.9%$282,700$262,0007.9%
Uninc-85387/Surprise North184350%$282,500$278,262.501.5%
Wickenburg171421.4%$280,000$203,00037.9%
Tempe145153-5.2%$263,000$252,0004.4%

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