Your Localized Market Report
Gilbert, AZ 85234
Single-Family Homes
Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com
Gilbert, AZ 85234
Wed Apr 01 2026
This week the median list price for Gilbert, AZ 85234 is $587,000 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has increased to 88.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.
Real-Time Market Profile
| Median List Price | $587,000 | |
| Median Price of New Listings | $565,000 | |
| Per Square Foot | $311 | |
| Average Days on Market | 63 | |
| Median Days on Market | 28 | |
| Price Decreased | 48% | |
| Price Increased | 1% | |
| Relisted | 1% | |
| Inventory | 88 | |
| Median Rent | ||
| Market Action | 47 | |
| Strong Seller's Market | ||
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,299,000 | 3,530 | 0.25 - 0.5 acre | 4 | 3.3 | 33 | 0 | 3 | 52 |
| $706,500 | 2,585 | 8,000 - 10,000 sqft | 4 | 2.5 | 31 | 6 | 4 | 28 |
| $550,000 | 1,834 | 4,500 - 6,500 sqft | 3 | 2 | 32 | 4 | 5 | 21 |
| $464,950 | 1,397 | 0 - 4,500 sqft | 3 | 2 | 37 | 5 | 2 | 28 |