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Featured local agent — Gilberts, IL
Sarah Mitchell
Compass Real Estate · Gilberts, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Gilberts, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$458,500median sale price
How is the Gilberts, IL housing market right now?
The median home sale price in Gilberts, IL is $458,500, up 2.5% year-over-year. Homes sell in an average of 50 days with 25 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 Gilberts a buyer's or seller's market?
Gilberts, IL is currently a seller's market, based on 2.5 months of supply and homes selling in about 50 days. How we determine this →
Homes sold
10
Last 12 weeks
Days on market
50
Average pace
Active listings
25
2.5 months supply
Sale-to-list
98.6%
Below asking
What does the Gilberts housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $458,500 |
| Median list price | $445,000 |
| Year-over-year price change | +2.5% |
| Average days on market | 50 days |
| Active inventory | 25 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 98.6% |
| Median price per sq ft | $174/sq ft |
| Homes sold (latest month) | 10 |
| New listings (latest month) | 16 |
| Listings with a price cut | 16.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Gilberts by property type?
How the Gilberts, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $513,450 | $174/sq ft | 8 | 50 days |
| Condo / Co-op | $347,500 | $184/sq ft | 2 | 49 days |
| Townhouse | $343,950 | $182/sq ft | 2 | 52 days |
Source: Redfin · Updated monthly
The Gilberts housing market is currently classified as a seller's market with a median sale price of $458,500. Prices have risen 2.5% compared to last year, with homes spending an average of 50 days on market, indicating 2.5 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 3.5x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Gilberts
There are currently 25 homes listed for sale in Gilberts, Illinois. The median listing price is $445K.
Active listings
25
Homes on market
Median list price
$445K
Avg. days on market
50
Days until sale
New this week
16
Newly listed
Who lives in Gilberts?
Population
8,389
Median income
$119,719/yr
Median age
40.2 years
Owner-occupied
88.1%
College grads
48.7%
Avg commute
28.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Gilberts?
Zillow home value
$420,733
Price-to-income
3.5x
Source: Zillow Research
What is it like to live in Gilberts?
Gilberts is a community of approximately 8K residents with a median age of 40.2 years.The median household income is $119,719, which reflects a relatively affluent area with strong earning potential. 48.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 88.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Gilberts offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Gilberts?
1 schools tracked · 706 students
The largest public schools serving Gilberts, IL 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.
Gilberts Elem Sch
Grades PK-5 · 706 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 Gilberts, IL?
Want a head-to-head view? Compare Gilberts side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Gilberts?
The median home sale price in Gilberts is $458,500, up 2.5% from last year.
How long do homes stay on market in Gilberts?
Homes typically spend 50 days on market before going under contract.
What is the median income in Gilberts?
The median household income is $119,719 per year.
Is Gilberts a buyer's or seller's market?
With 2.5 months of supply, Gilberts is currently a seller's market.
What is the Zillow home value estimate for Gilberts?
The Zillow Home Value Index (ZHVI) for Gilberts is $420,733, representing the typical home value in the area.
What is the median condo price in Gilberts?
The median condo/co-op sale price in Gilberts, IL is $347,500, compared to $513,450 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Gilberts?
The median single-family home price in Gilberts, IL is $513,450 (about $174 per square foot).
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