Gilbert, AZ 85233 Real Estate Market Report

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

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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. Median sold price $470,500 is the primary indicator of realized market value and suggests modest appreciation pressure compared with listing expectations; however, the gap versus the median listing price $525,000 may indicate pricing friction between ask and achieved sale in the current cycle.
2. Median days on market 397 signals materially slower sales velocity, which, combined with a description of relatively constrained active supply, suggests liquidity is stretched and transactions are taking longer to complete; sellers and agents should expect extended marketing timelines and prepare for staged pricing or concession strategies. down
3. Median price per square foot $257 supports valuation benchmarks for underwriting and comparative analysis—use this as the primary per-unit comparator when evaluating SFR and condo listings in 85233, and apply cautious adjustments given the long time-on-market environment. neutral
4. Market context shows price year-over-year trend flat and market temperature neutral, while rent year-over-year trend down and interest rate pressure elevated (current 30-year fixed mortgage rates averaging approximately 6.63%) together create a balanced but cautious outlook: expect stable nominal prices but slower turnover and selective buyer demand; prioritize listings with differentiated value (pricing, condition, or financing incentives). flat

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.