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Gilbert, AZ 85296 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: 0.05
ActiveActive listings: 5656PendingPending 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): $585k$585k
What homes actually sell for in Gilbert, AZ
Distribution of 388 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $460k to $785k
$369k to $489k: 104 sales104sales$369k$489k to $609k: 87 sales$609k to $729k: 58 sales$609k$729k to $850k: 37 sales$850k to $970k: 24 sales$850k$970k to $1.09M: 22 sales$1.09M to $1.21M: 14 sales$1.09M$1.21M to $1.33M: 3 salesMedian $585k

What the numbers say

As of September 14, 2026, Resideline is tracking 56 active listings and 3 pending sales in ZIP code 85296. That pending-to-active ratio of 0.05 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 388 closed sales Resideline tracked over the last six months was $585,000. 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 85296 for 67 days.

Frequently asked questions

What is the median home price in 85296?

The median closed sale price in Gilbert, AZ 85296 was $585,000 over the last six months, based on 388 closed sales tracked by Resideline. The middle half of those sales ranged from $460,000 to $785,000.

Is 85296 a buyer's or seller's market?

Resideline is currently tracking 3 pending sales against 56 active listings in 85296, a pending-to-active ratio of 0.05. 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, 85296 currently looks like a balanced market.

Nearby ZIP code market data

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