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GILBERT, AZ 85297

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The GILBERT, AZ real estate market (85297) currently shows 126 active listings, with 40 pending sales. Homes are averaging 62 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 62 days on market compared to 40 days last year.

The median listing price has fallen 2.6% year-over-year, from $725,000 to $706,200.

Whether you are buying or selling in GILBERT, AZ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 34,212  ·  Density: 1,231.2/mi²  ·  Median household income: $129,508

Typical home value: $477,022  ·  Homeownership: 78.3%

Market Overview

Active Listings
126
⇧ 4.1% vs 121 last year
Pending
40
32% pending ratio
Median Price
$706,200
⇩ 2.6% vs $725,000 last year
Average Price
$1,060,189
⇩ 4.9% vs $1,114,415 last year
Days on Market
62
⇧ 55% vs 40 days last year

Price Per Square Foot

Median $/sqft
$286
⇧ 1.1% vs $283/sqft last year
Median Home Size
2,497 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 126 this year vs 121 last year
  • Days on market: 62 now vs 40 last year

Median & Average Pricing

Year over Year
  • Median: $706,200 (-2.6% YoY)
  • Average: $1,060,189 (-4.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 12.5 miles — 2,023 listings ($1,512,228,836 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85297Gilbert, AZ 852970.0 mi111$113,560,659$677,500$1,023,069
85298Gilbert, AZ 852982.7 mi186$186,907,680$707,500$1,004,880
85249Chandler, AZ 852495.1 mi223$173,795,050$672,450$779,350
85234Gilbert, AZ 852346.0 mi117$91,448,370$599,450$781,610
85233Gilbert, AZ 852336.7 mi110$63,835,200$532,500$580,320
85142Queen Creek, AZ 851427.2 mi379$376,227,236$740,000$992,684
85224Chandler, AZ 852248.7 mi96$48,756,960$459,900$507,885
85248Chandler, AZ 852488.7 mi335$200,573,880$515,000$598,728
85210Mesa, AZ 852109.9 mi64$23,658,816$342,500$369,669
85205Mesa, AZ 8520510.7 mi152$79,073,592$369,000$520,221
85213Mesa, AZ 8521311.8 mi94$65,955,758$583,963$701,657
85226Chandler, AZ 8522612.2 mi87$45,781,836$507,500$526,228
85203Mesa, AZ 8520312.5 mi69$42,653,799$525,000$618,171

Frequently Asked Questions

How many homes are for sale in GILBERT, AZ 85297?

As of February 2026, there are 126 active listings in GILBERT, AZ (zip code 85297), compared to 121 the prior year.

What is the median home price in GILBERT, AZ 85297?

The median listing price in GILBERT, AZ 85297 is $706,200 as of February 2026, a 2.6% decrease from $725,000 the prior year.

How long do homes stay on the market in GILBERT, AZ?

Homes in GILBERT, AZ 85297 spend an average of 62 days on the market before going under contract, compared to 40 days the prior year.

Is it a seller's or buyer's market in GILBERT, AZ 85297?

Based on current inventory and days-on-market data as of February 2026, GILBERT, AZ 85297 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 62 days on market compared to 40 days last year.

How much can I save on real estate commission in GILBERT, AZ?

With SELL123.com's maximum 3% commission, sellers in GILBERT, AZ 85297 save an estimated $14,124 compared to a typical 5% commission on the median listing price of $706,200. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.