Gilbert, AZ Real Estate Market Update – January 2025: What Buyers and Sellers Need to Know

The Gilbert, Arizona housing market is experiencing notable shifts as we enter 2025. Whether you’re looking to buy or sell, understanding these trends can help you make the best real estate decisions. Here’s a deep dive into the latest Gilbert Residential Market Statistics and what they mean for you.

Key Market Trends in Gilbert, AZ (January 2025)

1. More Homes on the Market – Inventory is Up

• Active Listings: Up 79.4% compared to January 2024

• Current Active Listings: 619 (vs. 345 in January 2024)

What this means: More homes are available for sale, giving buyers more options and potentially leading to longer selling times for homeowners.

2. Home Prices Are Holding Strong

• Median Sale Price per Sq Ft: Up 2.7%

• Current Price per Sq Ft: $289.05 (vs. $281.33 in January 2024)

What this means: Despite a significant increase in inventory, home prices are still rising, indicating steady demand in Gilbert’s housing market.

3. Months of Supply Has Increased Significantly

• Months of Supply: Up 73.4%

• Current Supply: 3.48 months (vs. 2.01 months in January 2024)

What this means: A higher supply of homes means the market is shifting toward a more balanced or even buyer-friendly market.

4. Homes Are Taking Longer to Sell

• Median Days on Market (DOM): Up 40.2%

• Current DOM: 61 days (vs. 43 days in January 2024)

What this means: Sellers need to be more strategic with pricing, staging, and marketing to attract buyers in a longer selling cycle.

5. More Homes Are Selling, But Growth Is Slower

• Sold Listings: Up 3.5%

• Current Sales: 178 homes sold (vs. 172 in January 2024)

What this means: While sales are increasing, the growth rate is slowing compared to the jump in active listings.

What This Means for Buyers and Sellers

For Buyers:

✅ More choices and negotiating power

✅ Less competition for homes

✅ Prices remain steady, but interest rates could impact affordability

Pro Tip: Work with a local real estate expert to identify homes priced correctly and take advantage of the increased inventory.

For Sellers:

✅ Pricing strategy is more important than ever

✅ Homes may take longer to sell

✅ Staging and professional marketing can help your home stand out

Pro Tip: A well-priced, well-presented home can still sell quickly, even in a shifting market.

Should You Buy or Sell in Gilbert Now?

With inventory rising and homes staying on the market longer, buyers have an advantage in 2025. However, home prices remain strong, meaning sellers can still get great returns with the right strategy.

If you're considering buying or selling in Gilbert, AZ, let’s talk about the best approach for you. Contact me today for a personalized market analysis!