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All market snapshots / 85233

Gilbert, AZ 85233 Housing Market

Data snapshot: October 12, 2026. Closed-sale window: last 6 months.
Gilbert, AZ inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.06
ActiveActive listings: 3333PendingPending sales: 22
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): $625k$625kSoldMedian sold price (last 6 months): $485k$485k
What homes actually sell for in Gilbert, AZ
Distribution of 252 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $405k to $600k
$305k to $376k: 32 sales$305k$376k to $447k: 50 sales$447k to $519k: 52 sales52sales$447k$519k to $590k: 38 sales$590k to $661k: 27 sales$590k$661k to $732k: 19 sales$732k to $804k: 7 sales$732k$804k to $875k: 2 salesMedian $485k

What the numbers say

As of October 12, 2026, Resideline is tracking 33 active listings and 2 pending sales in ZIP code 85233. That pending-to-active ratio of 0.06 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $625,000, while the median of the 252 closed sales Resideline tracked over the last six months was $485,000. 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 79 days.

Frequently asked questions

What is the median home price in 85233?

The median closed sale price in Gilbert, AZ 85233 was $485,000 over the last six months, based on 252 closed sales tracked by Resideline. The middle half of those sales ranged from $405,000 to $600,000.

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

Resideline is currently tracking 2 pending sales against 33 active listings in 85233, a pending-to-active ratio of 0.06. 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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