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Featured local agent — Gilbert, IA
Sarah Mitchell
Compass Real Estate · Gilbert, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Gilbert, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$177,900median sale price
How is the Gilbert, IA housing market right now?
The median home sale price in Gilbert, IA is $177,900, down 64.7% year-over-year. Homes sell in an average of 5 days with 4 active listings. The market is currently a balanced 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, IA is currently a balanced market, based on 4.0 months of supply and homes selling in about 5 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
5
Fast-moving
Active listings
4
4.0 months supply
Sale-to-list
98.9%
Below asking
What does the Gilbert housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $177,900 |
| Median list price | $547,500 |
| Year-over-year price change | -64.7% |
| Average days on market | 5 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 98.9% |
| Median price per sq ft | $220/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Listings with a price cut | 50.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Gilbert by property type?
How the Gilbert, IA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $177,900 | $220/sq ft | 1 | 5 days |
Source: Redfin · Updated monthly
The Gilbert housing market is currently classified as a balanced market with a median sale price of $177,900. Prices have fallen 64.7% compared to last year, with homes spending an average of 5 days on market, indicating 4.0 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 3.0x provides context for how home values compare to local earning capacity.
Homes for sale in Gilbert
There are currently 4 homes listed for sale in Gilbert, Iowa. The median listing price is $548K.
Active listings
4
Homes on market
Median list price
$548K
Avg. days on market
5
Days until sale
New this week
1
Newly listed
Who lives in Gilbert?
Population
1,300
Median income
$112,250/yr
Median age
42.3 years
Owner-occupied
86.6%
College grads
45.5%
Avg commute
17.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Gilbert?
Zillow home value
$341,714
Price-to-income
3.0x
Source: Zillow Research
What is it like to live in Gilbert?
Gilbert is a community of approximately 1K residents with a median age of 42.3 years.The median household income is $112,250, which reflects a relatively affluent area with strong earning potential. 45.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 86.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 17.5 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?
4 schools tracked · 1,698 students
The largest public schools serving Gilbert, IA 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.
Gilbert High School
Grades 9-12 · 528 students
Gilbert Elementary School
Grades PK-2 · 408 students
Gilbert Middle School
Grades 6-8 · 404 students
Gilbert Intermediate School
Grades 3-5 · 358 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, IA?
Want a head-to-head view? Compare Gilbert side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Gilbert?
The median home sale price in Gilbert is $177,900, down 64.7% from last year.
How long do homes stay on market in Gilbert?
Homes typically spend 5 days on market before going under contract.
What is the median income in Gilbert?
The median household income is $112,250 per year.
Is Gilbert a buyer's or seller's market?
With 4.0 months of supply, Gilbert is currently a balanced market.
What is the Zillow home value estimate for Gilbert?
The Zillow Home Value Index (ZHVI) for Gilbert is $341,714, representing the typical home value in the area.
How much does a single-family home cost in Gilbert?
The median single-family home price in Gilbert, IA is $177,900 (about $220 per square foot).
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