Gilbert, AZ 85295 Real Estate Market Report

ZIP Code: 85295
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Gilbert, AZ (85295) is $557,400, reflecting a down trend in home values. This indicates a shift in the market dynamics, as the neighborhood has decreased 8% since 2022. Despite this price softness, the market exhibits moderate transaction volume, suggesting that while prices are declining, there remains a level of buyer activity. The elevated inventory levels signal a potential buyer-favorable environment, with properties taking longer to sell, evidenced by a median days on market of 161 days.

The current market conditions are characterized by a neutral temperature, indicating a balance between buyers and sellers. The median listing price stands at $575,000, which creates a notable gap compared to the median sold price, suggesting potential pricing friction. Additionally, the rental market remains strong with a median market rent of $3,570, despite a down trend in rental prices year-over-year. This dynamic may indicate that while homeownership is becoming less favorable, rental demand continues to hold steady, reflecting broader economic factors at play.

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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.

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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.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Gilbert AZ 85295 market average around 5.88% to 6.38% compared to 6.87% one year ago, indicating a cost opportunity for refinancing.

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

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Key Findings

1. The median sold price of $557,400 indicates a down trend in home values, decreasing 8% since 2022.

2. With a median days on market of 161, properties are experiencing slower sales velocity, suggesting elevated inventory levels relative to sales activity.

3. The median listing price of $575,000 creates a significant gap compared to the median sold price, indicating potential pricing friction in the market.

4. The median market rent of $3,570 shows strong demand despite a down trend in rental prices year-over-year, reflecting ongoing rental market strength.

5. The market temperature is currently neutral, suggesting a balanced environment between buyers and sellers.

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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.