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Wednesday, November 6, 2024

Gilbert home prices rise in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Gilbert rose by $25,000 while total sales increased by 5.5%, according to BlockShopper.com.

From January through March of 2018, there were 1,248 homes sold, with a median sale price of $305,000 - a 8.9% increase over the $280,000 median sale price for the same period of the previous year. There were 1,183 homes sold in Gilbert in the first quarter of 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 the first quarter of 2018.

The following table compares Gilbert to other Maricopa County cities with similar median sales prices in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Phoenix (unincorporated) 2442248.9%$331,000$300,00010.3%
Queen Creek224229-2.2%$330,306.50$296,00011.6%
Goodyear (unincorporated) 41300%$328,500$349,000-5.9%
Litchfield Park322433.3%$317,450$419,000-24.2%
Wickenburg (unincorporated) 124200%$315,500$330,000-4.4%
Gilbert1,2481,1835.5%$305,000$280,0008.9%
Uninc-85375/Sun City West12-50%$301,000$391,500-23.1%
Chandler (unincorporated) 1931863.8%$290,000$266,5008.8%
Chandler1,2341,1566.7%$289,000$265,5008.9%
Waddell (unincorporated) 6170-12.9%$289,000$241,00019.9%
Uninc-85387/Surprise North573090%$288,320$274,1055.2%

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