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Gilbert, AZ 85298 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: 0.17
ActiveActive listings: 4848PendingPending sales: 88
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): $615k$615kSoldMedian sold price (last 6 months): $700k$700k
What homes actually sell for in Gilbert, AZ
Distribution of 385 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $575k to $889k
$435k to $587k: 89 sales$435k$587k to $739k: 112 sales112sales$739k to $891k: 71 sales$739k$891k to $1.04M: 34 sales$1.04M to $1.19M: 13 sales$1.04M$1.19M to $1.35M: 12 sales$1.35M to $1.5M: 9 sales$1.35M$1.5M to $1.65M: 6 salesMedian $700k

What the numbers say

As of September 14, 2026, Resideline is tracking 48 active listings and 8 pending sales in ZIP code 85298. That pending-to-active ratio of 0.17 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $615,000, while the median of the 385 closed sales Resideline tracked over the last six months was $700,000. 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 85298 for 77 days.

Frequently asked questions

What is the median home price in 85298?

The median closed sale price in Gilbert, AZ 85298 was $700,000 over the last six months, based on 385 closed sales tracked by Resideline. The middle half of those sales ranged from $575,000 to $889,000.

Is 85298 a buyer's or seller's market?

Resideline is currently tracking 8 pending sales against 48 active listings in 85298, a pending-to-active ratio of 0.17. 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, 85298 currently looks like a balanced market.

Nearby ZIP code market data

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