Gilbert, AZ 85295 Real Estate Market Report

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

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Executive Overview

As of March 2026, the Gilbert, AZ real estate market is characterized by a median sold price of $569,900, reflecting a cautious buyer sentiment amid fluctuating economic conditions. Although the market has shown signs of a down trend in home prices year-over-year, with a notable median listing price of $580,500, this gap indicates potential pricing friction as sellers adjust expectations to align with buyer behavior. The neighborhood has decreased 8% since 2022, highlighting a shift in market dynamics that may influence future transactions.

Transaction activity appears moderate, with median days on market at 193, suggesting slower sales velocity. Elevated inventory levels are evident, contributing to a market environment that leans toward a seller's market despite the downward price trend. The median market rent stands at $3,570, which has also decreased, further indicating a cautious approach from buyers and renters alike as they navigate the current economic landscape influenced by moderate interest rate pressure.

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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 market average around 6.38% to 6.73%, which is higher than the 5.50% to 5.75% lows projected for early 2026, indicating property owners who secured earlier 2026 rates may have locked in a slight advantage.

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 $569,900 indicates a cautious market as buyers respond to economic pressures.

2. With a median listing price of $580,500, there is a noticeable gap suggesting pricing friction as sellers adjust expectations.

3. The median days on market of 193 points to slower sales velocity and a need for strategic pricing to attract buyers.

4. Elevated inventory levels relative to sales activity suggest excess supply in the market, impacting overall liquidity.

5. The median market rent has decreased to $3,570, reflecting softening rental demand in the area.

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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.