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Featured local agent — Gilbert, AZ
Sarah Mitchell
Compass Real Estate · Gilbert, AZ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Gilbert, AZ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$579,000median sale price
How is the Gilbert, AZ housing market right now?
The median home sale price in Gilbert, AZ is $579,000, down 0.7% year-over-year. Homes sell in an average of 46 days with 1,001 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Gilbert a buyer's or seller's market?
Gilbert, AZ is currently a seller's market, based on 2.9 months of supply and homes selling in about 46 days. How we determine this →
Homes sold
351
Last 12 weeks
Days on market
46
Average pace
Active listings
1,001
2.9 months supply
Sale-to-list
98.3%
Below asking
What does the Gilbert housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $579,000 |
| Median list price | $614,500 |
| Year-over-year price change | -0.7% |
| Average days on market | 46 days |
| Active inventory | 1,001 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 98.3% |
| Median price per sq ft | $287/sq ft |
| Homes sold (latest month) | 351 |
| New listings (latest month) | 381 |
| Listings with a price cut | 34.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Gilbert by property type?
How the Gilbert, AZ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $590,000 | $287/sq ft | 324 | 45 days |
| Condo / Co-op | $305,000 | $293/sq ft | 2 | 75 days |
| Townhouse | $383,000 | $283/sq ft | 25 | 72 days |
Source: Redfin · Updated monthly
The Gilbert housing market is currently classified as a seller's market with a median sale price of $579,000. Prices have fallen 0.7% compared to last year, with homes spending an average of 46 days on market, indicating 2.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.7x provides context for how home values compare to local earning capacity.
Homes for sale in Gilbert
There are currently 1,001 homes listed for sale in Gilbert, Arizona. The median listing price is $615K.
Active listings
1,001
Homes on market
Median list price
$615K
Avg. days on market
46
Days until sale
New this week
381
Newly listed
Who lives in Gilbert?
Population
271,118
Median income
$121,351/yr
Median age
35.7 years
Owner-occupied
73.9%
College grads
47.5%
Avg commute
26.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Gilbert?
Zillow home value
$572,453
Zillow rent index
$2,019/mo
Price-to-rent ratio
23.6x
Price-to-income
4.7x
Source: Zillow Research
What is it like to live in Gilbert?
Gilbert is a community of approximately 271K residents with a median age of 35.7 years.The median household income is $121,351, which reflects a relatively affluent area with strong earning potential. 47.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 73.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Gilbert offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Gilbert?
50 schools tracked · 49,605 students
The largest public schools serving Gilbert, AZ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Highland High School
Grades 8-12 · 3,027 students
Perry High School
Grades 8-12 · 2,601 students
American Leadership Academy Gilbert North K-12
Grades K-12 · 2,431 students
Gilbert High School
Grades 7-12 · 2,334 students
Williams Field High School
Grades 8-12 · 2,195 students
Higley High School
Grades 8-12 · 2,163 students
Arizona Connections Academy
Grades K-12 · 1,987 students
Campo Verde High School
Grades 8-12 · 1,925 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Gilbert, AZ?
Want a head-to-head view? Compare Gilbert side-by-side with any other U.S. city using our market-comparison tool.
Is Gilbert a good real estate investment market?
For investors evaluating Gilbert, the price-to-rent ratio of 23.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 0.7% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Gilbert's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Gilbert's median home price.
Frequently asked questions
What is the average home price in Gilbert?
The median home sale price in Gilbert is $579,000, down 0.7% from last year.
How long do homes stay on market in Gilbert?
Homes typically spend 46 days on market before going under contract.
What is the median income in Gilbert?
The median household income is $121,351 per year.
Is Gilbert a buyer's or seller's market?
With 2.9 months of supply, Gilbert is currently a seller's market.
What is the Zillow home value estimate for Gilbert?
The Zillow Home Value Index (ZHVI) for Gilbert is $572,453, representing the typical home value in the area.
What is the median condo price in Gilbert?
The median condo/co-op sale price in Gilbert, AZ is $305,000, compared to $590,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Gilbert?
The median single-family home price in Gilbert, AZ is $590,000 (about $287 per square foot).
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