Gilbert, AZ 85233 Real Estate Market Report
ZIP Code: 85233
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Key Findings
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The most reliable indicator of current market value is the median sold price, which stands at 496,500, signaling the representative recent sale level for SFR and condos in ZIP 85233 and anchoring pricing expectations for sellers and appraisers.
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Comparing transaction context to asking expectations, the median listing price of 525,000 versus the median sold price of 496,500 suggests a pricing gap that may indicate seller optimism relative to realized sale levels, so sellers should be prepared for negotiation or staged pricing to hit the market value.
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With a median days on market of 243, the market shows slower sales velocity and moderate liquidity, which appears consistent with a relatively constrained active supply and balanced market temperature rather than rapid turnover.
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Market drivers show prices are trending up year-over-year while rent is trending down, and with interest rate pressure flagged as elevated, buyers face higher financing costs—these conditions suggest continued price resilience but increased caution for leveraged buyers and investors.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Below-market acquisition. Investor purchase with value-add potential through renovation.
Sold below market average
Gilbert, AZ 85233 Real Estate Market Report
ZIP Code: 85233
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Key Findings
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362,300 is the median sold price and therefore the primary indicator of recent market value in ZIP 85233; recent transactions center around this level, suggesting that pricing expectations should be benchmarked to this representative recent sale rather than asking prices.
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The median sold price (362,300) sits above the median listing price (354,500), which may indicate modest upward price realization and aligns with the broader up price year-over-year trend—sellers can expect some ability to achieve prices near or slightly above asking in comparable product.
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Liquidity shows slower velocity: the median days on market is 411, which suggests extended marketing time and potential pricing friction; combined with the sample’s relatively constrained active supply, this may indicate careful buyer selection and the need for realistic pricing or targeted marketing to accelerate sales.
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Rental and macro pressure: median market rent is 1,300 while rent year-over-year trend is down and interest rate pressure is elevated; with the market temperature described as neutral, expect stable transaction conditions but heightened financing sensitivity—price guidance and buyer qualification become more important under these conditions.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.5% rate, 0.4% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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