From January through December of 2017, there were 5,450 homes sold, with a median sale price of $290,000 - a 7.4% increase over the $270,000 median sale price for the previous year. There were 5,742 homes sold in Gilbert in 2016.
The median sales tax in Gilbert for 2017 was $1,839. In 2016, the median sales tax was $1,872. This marks an decrease of 1.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.6%.
The following table compares Gilbert to other Maricopa County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| New River (unincorporated) | 84 | 84 | 0% | $324,000 | $315,000 | 2.9% |
| Phoenix (unincorporated) | 1,020 | 970 | 5.2% | $317,000 | $291,000 | 8.9% |
| Queen Creek | 1,097 | 1,098 | -0.1% | $316,657 | $299,008.50 | 5.9% |
| Uninc-85351/Sun City-Youngtown | 97 | 86 | 12.8% | $303,506 | $241,922 | 25.5% |
| Wickenburg (unincorporated) | 32 | 29 | 10.3% | $300,000 | $233,750 | 28.3% |
| Gilbert | 5,450 | 5,742 | -5.1% | $290,000 | $270,000 | 7.4% |
| Uninc-85387/Surprise North | 171 | 65 | 163.1% | $284,620 | $279,990 | 1.7% |
| Chandler | 5,157 | 5,350 | -3.6% | $282,000 | $263,000 | 7.2% |
| Uninc-85375/Sun City West | 8 | 15 | -46.7% | $281,000 | $264,000 | 6.4% |
| Chandler (unincorporated) | 736 | 723 | 1.8% | $276,750 | $255,000 | 8.5% |
| Waddell (unincorporated) | 302 | 305 | -1% | $275,000 | $237,000 | 16% |
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