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Gilbert, AZ 85234 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Gilbert, AZ inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.08
ActiveActive listings: 5252PendingPending 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): $550k$550kSoldMedian sold price (last 6 months): $550k$550k
What homes actually sell for in Gilbert, AZ
Distribution of 280 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $465k to $715k
$325k to $472k: 61 sales$325k$472k to $618k: 102 sales102sales$618k to $765k: 45 sales$618k$765k to $912k: 13 sales$912k to $1.06M: 15 sales$912k$1.06M to $1.21M: 11 sales$1.21M to $1.35M: 2 sales$1.21M$1.35M to $1.5M: 3 salesMedian $550k

What the numbers say

As of October 26, 2026, Resideline is tracking 52 active listings and 4 pending sales in ZIP code 85234. That pending-to-active ratio of 0.08 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $549,950, while the median of the 280 closed sales Resideline tracked over the last six months was $550,000. 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 71 days.

Frequently asked questions

What is the median home price in 85234?

The median closed sale price in Gilbert, AZ 85234 was $550,000 over the last six months, based on 280 closed sales tracked by Resideline. The middle half of those sales ranged from $465,000 to $715,000.

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

Resideline is currently tracking 4 pending sales against 52 active listings in 85234, a pending-to-active ratio of 0.08. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 85234 is currently a typical-pace market.

Nearby ZIP code market data

Full Gilbert, AZ housing market report →

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