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All market snapshots / 85297

Gilbert, AZ 85297 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Gilbert, AZ inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.12
ActiveActive listings: 3232PendingPending 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): $680k$680kSoldMedian sold price (last 6 months): $600k$600k
What homes actually sell for in Gilbert, AZ
Distribution of 251 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $479k to $840k
$383k to $566k: 96 sales96sales$383k$566k to $749k: 62 sales$749k to $932k: 37 sales$749k$932k to $1.12M: 12 sales$1.12M to $1.3M: 11 sales$1.12M$1.3M to $1.48M: 2 sales$1.48M to $1.66M: 2 sales$1.48M$1.66M to $1.85M: 4 salesMedian $600k

What the numbers say

As of October 5, 2026, Resideline is tracking 32 active listings and 4 pending sales in ZIP code 85297. That pending-to-active ratio of 0.12 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $680,000, while the median of the 251 closed sales Resideline tracked over the last six months was $600,000. 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 85297 for 106 days.

Frequently asked questions

What is the median home price in 85297?

The median closed sale price in Gilbert, AZ 85297 was $600,000 over the last six months, based on 251 closed sales tracked by Resideline. The middle half of those sales ranged from $479,000 to $840,000.

Is 85297 a buyer's or seller's market?

Resideline is currently tracking 4 pending sales against 32 active listings in 85297, a pending-to-active ratio of 0.12. 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, 85297 currently looks like a balanced market.

Nearby ZIP code market data

Full Gilbert, AZ housing market report →

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