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Gilbert, AZ 85296

Single-Family Homes

Here is your weekly Market Update!


Gilbert, AZ 85296

Sat May 10 2025
This week the median list price for Gilbert, AZ 85296 is $650,000 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has increased to 136. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Gilbert, AZ 85296

Sat May 10 2025
This week the median list price for Gilbert, AZ 85296 is $650,000 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has increased to 136. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Gilbert market.
Median List Price $650,000
Median Price of New Listings $575,000
Per Square Foot $299
Average Days on Market 62
Median Days on Market 42
Price Decreased 56%
Price Increased 1%
Relisted 2%
Inventory 136
Median Rent
Market Action 43
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$1,175,000 3,479 0.25 - 0.5 acre 4 4 18 2 6 42
$722,500 2,609 6,500 - 8,000 sqft 4 3 26 2 4 45
$586,450 2,284 4,500 - 6,500 sqft 4 3 27 6 4 28
$498,750 1,645 4,500 - 6,500 sqft 3 2 24 6 9 35