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Gilbert Home Values and Market Report

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LakeMinnetonkaRealEstate.com
Report prepared by LakeMinnetonkaRealEstate.com
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Market at a glance

Over the last 12 months, homes sold for 96.9% of list price in 119 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $425K Sold · $425K
$560K$380K$200K$20K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Peak: 2 sales in Feb. Last month: 0.

Where the market stands

All homes in this report, by status.

16homes
Active4 · 25%
Under contract1 · 6%
Sold (12 mo)11 · 69%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

4.0months of inventory
Seller's, under 4BalancedBuyer's, over 6

Supply and demand are roughly in balance in this market.

Average price by status

Active$310K
Under contract$195K
Sold$275K

Average days on market

Active140 days
Under contract20 days
Sold119 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 4
Average list price $309,675
Avg. days on market 140 days
Avg. price per ft² $144 Based on 3 of 4 homes
Avg. living area 2,357 ft² Based on 3 of 4 homes
Avg. beds / baths 3.3 / 2.3

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

1 home didn’t report living area and isn’t shown.

$600K$400K$200K$0

Price vs. living area: 3 homes plotted, up to $600K and 3,000 ft².

0 ft²1,0002,0003,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

1 home didn’t report bedrooms and isn’t shown.

Highest price per ft²

Top 3 homes in this status.

5210 Norway Drive$237
320 Michigan Avenue W$100
511 Indiana Avenue W$96

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
511 Indiana Avenue WGilbert, MN 55741 322,375$229,900$9659 days
5210 Norway DriveGilbert, MN 55741 322,400$569,000$23783 days
320 Michigan Avenue WGilbert, MN 55741 432,298$229,900$100176 days
0000 Bass Lake RoadGilbert, MN 55741 ———$209,900—241 days
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Questions about this market?

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These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.