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Gilbert, AZ 85234 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: 0.02
ActiveActive listings: 5050PendingPending sales: 11
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): $532k$532kSoldMedian sold price (last 6 months): $555k$555k
What homes actually sell for in Gilbert, AZ
Distribution of 305 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $470k to $715k
$327k to $467k: 60 sales$327k$467k to $608k: 110 sales110sales$608k to $748k: 51 sales$608k$748k to $888k: 20 sales$888k to $1.03M: 17 sales$888k$1.03M to $1.17M: 8 sales$1.17M to $1.31M: 4 sales$1.17M$1.31M to $1.45M: 3 salesMedian $555k

What the numbers say

As of October 12, 2026, Resideline is tracking 50 active listings and 1 pending sales in ZIP code 85234. That pending-to-active ratio of 0.02 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $532,000, while the median of the 305 closed sales Resideline tracked over the last six months was $555,000. 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 85234 for 62 days.

Frequently asked questions

What is the median home price in 85234?

The median closed sale price in Gilbert, AZ 85234 was $555,000 over the last six months, based on 305 closed sales tracked by Resideline. The middle half of those sales ranged from $470,000 to $715,000.

Is 85234 a buyer's or seller's market?

Resideline is currently tracking 1 pending sales against 50 active listings in 85234, a pending-to-active ratio of 0.02. 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, 85234 currently looks like a balanced market.

Nearby ZIP code market data

Full Gilbert, AZ housing market report →

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