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Gilbert, AZ 85234 Housing Market

Data snapshot: September 14, 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: 3737PendingPending sales: 33
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): $552k$552k
What homes actually sell for in Gilbert, AZ
Distribution of 328 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $468k to $712k
$325k to $466k: 67 sales$325k$466k to $606k: 116 sales116sales$606k to $747k: 60 sales$606k$747k to $888k: 19 sales$888k to $1.03M: 17 sales$888k$1.03M to $1.17M: 8 sales$1.17M to $1.31M: 6 sales$1.17M$1.31M to $1.45M: 2 salesMedian $552k

What the numbers say

As of September 14, 2026, Resideline is tracking 37 active listings and 3 pending sales in ZIP code 85234. That pending-to-active ratio of 0.08 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $550,000, while the median of the 328 closed sales Resideline tracked over the last six months was $552,000. 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 54 days.

Frequently asked questions

What is the median home price in 85234?

The median closed sale price in Gilbert, AZ 85234 was $552,000 over the last six months, based on 328 closed sales tracked by Resideline. The middle half of those sales ranged from $467,500 to $712,250.

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

Resideline is currently tracking 3 pending sales against 37 active listings in 85234, a pending-to-active ratio of 0.08. 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

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