ELPIS REAL ESTATE BOUTIQUE'S Market Report

Gilbert, AZ 85233

Single-Family Homes

Elpis Real Estate Boutique | (480) 447-2199 | hello@elpisrealestate.com


Gilbert, AZ 85233

Tue Apr 28 2026
This week the median list price for Gilbert, AZ 85233 is $594,999 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has increased to 79. Click here to stay informed with the Gilbert market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Gilbert, AZ 85233

Tue Apr 28 2026
This week the median list price for Gilbert, AZ 85233 is $594,999 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has increased to 79. Click here to stay informed with the Gilbert market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $594,999
Median Price of New Listings $599,000
Per Square Foot $312
Average Days on Market 71
Median Days on Market 42
Price Decreased 51%
Price Increased 0%
Relisted 4%
Inventory 79
Median Rent
Market Action 44
Slight Seller's Advantage

While this week the median price in this zip code didn’t fluctuate much, we continue to sit at all time high prices. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,006,694 3,251 8,000 - 10,000 sqft 4 3 33 1 2 52
$685,000 2,493 6,500 - 8,000 sqft 4 3 31 4 2 31
$525,448 1,697 4,500 - 6,500 sqft 3 2 32 2 3 59
$449,500 1,457 4,500 - 6,500 sqft 3 2 32 2 4 35