ELPIS REAL ESTATE BOUTIQUE'S Market Report
Gilbert, AZ 85297
Single-Family Homes
Elpis Real Estate Boutique | (480) 447-2199 | hello@elpisrealestate.com
Gilbert, AZ 85297
Sun Aug 30 2026
This week the median list price for Gilbert, AZ 85297 is $698,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has decreased to 113.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Real-Time Market Profile
| Median List Price | $698,000 | |
| Median Price of New Listings | $975,000 | |
| Per Square Foot | $264 | |
| Average Days on Market | 108 | |
| Median Days on Market | 70 | |
| Price Decreased | 59% | |
| Price Increased | 2% | |
| Relisted | 5% | |
| Inventory | 113 | |
| Median Rent | ||
| Market Action | 35 | |
| Slight Seller's Advantage | ||
Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,374,990 | 4,172 | 0.25 - 0.5 acre | 5 | 4.5 | 9 | 3 | 2 | 91 |
| $799,000 | 3,343 | 8,000 - 10,000 sqft | 5 | 3 | 18 | 1 | 1 | 70 |
| $599,950 | 2,316 | 6,500 - 8,000 sqft | 4 | 2.5 | 24 | 1 | 3 | 73 |
| $466,950 | 1,779 | 4,500 - 6,500 sqft | 3 | 2 | 22 | 0 | 5 | 63 |