Home Values

Gilbert Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$121,000

  • -8.2% 1-year change
  • -0.2% 1-year forecast

The median home value in Gilbert is $121,000. Gilbert home values have declined -8.2% over the past year and Zillow predicts they will fall -0.2% within the next year. The median price of homes currently listed in Gilbert is $249,900 while the median price of homes that sold is $177,077.

Foreclosures will be a factor impacting home values in the next several years. In Gilbert 3.0 homes are foreclosed (per 10,000). This is lower than the Columbia Metro value of 5.6 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Gilbert is 2.9%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Gilbert homeowners underwater on their mortgage is 13.5%, which is lower than Columbia Metro at 19.9%.

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Relative ZHVI
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Gilbert Market Overview

Data through Sep 30, 2014
  • $121,000 ZHVI
  • -0.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $249,900 Median listing price
  • No recent data Median sale price
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Gilbert Market Health

Data through Sep 30, 2014
  • 5.1/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 13.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 2.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3 homes Gilbert
5.6 homes Columbia Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Chapin $197,500
Prosperity $160,900
Little Mountain $160,700
Name Median ZHVI
Lexington $140,900
Seven Oaks $127,900
Springdale $125,100
Name Median ZHVI
Oak Grove $114,700
Pelion $85,100
Batesburg-Leesville $82,000

Listings & Sales

Data through Sep 30, 2014
  • $113 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 29.6% Listings with price cut
33.3%
Sold below listing
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Gilbert Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,112 Gilbert
    $1,086 Columbia Metro
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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