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All market snapshots / 85233

Gilbert, AZ 85233 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Gilbert, AZ inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.13
ActiveActive listings: 3131PendingPending sales: 44
Gilbert, AZ: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $640k$640kSoldMedian sold price (last 6 months): $480k$480k
What homes actually sell for in Gilbert, AZ
Distribution of 260 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $405k to $598k
$305k to $373k: 28 sales$305k$373k to $441k: 51 sales$441k to $509k: 57 sales57sales$441k$509k to $577k: 41 sales$577k to $646k: 26 sales$577k$646k to $714k: 16 sales$714k to $782k: 13 sales$714k$782k to $850k: 1 salesMedian $480k

What the numbers say

As of October 5, 2026, Resideline is tracking 31 active listings and 4 pending sales in ZIP code 85233. That pending-to-active ratio of 0.13 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $640,000, while the median of the 260 closed sales Resideline tracked over the last six months was $480,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 85233 for 74 days.

Frequently asked questions

What is the median home price in 85233?

The median closed sale price in Gilbert, AZ 85233 was $480,000 over the last six months, based on 260 closed sales tracked by Resideline. The middle half of those sales ranged from $405,000 to $597,500.

Is 85233 a buyer's or seller's market?

Resideline is currently tracking 4 pending sales against 31 active listings in 85233, a pending-to-active ratio of 0.13. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 85233 currently looks like a balanced market.

Nearby ZIP code market data

Full Gilbert, AZ housing market report →

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