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GILBERT, AZ 85298

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The GILBERT, AZ real estate market (85298) currently shows 228 active listings, with 73 pending sales. Homes are averaging 45 days on the market before going under contract.

Inventory has increased compared to last year, with 24 more homes available — giving buyers more choice.

Homes are selling faster, averaging 45 days on market compared to 50 days last year.

The median listing price has fallen 7.8% year-over-year, from $784,823 to $723,750.

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: 42,090  ·  Density: 1,037.0/mi²  ·  Median household income: $141,533

Typical home value: $527,003  ·  Homeownership: 92.2%

Market Overview

Active Listings
228
⇧ 11.8% vs 204 last year
Pending
73
32% pending ratio
Median Price
$723,750
⇩ 7.8% vs $784,823 last year
Average Price
$985,525
⇩ 14.4% vs $1,151,733 last year
Days on Market
45
⇩ 10% vs 50 days last year

Price Per Square Foot

Median $/sqft
$303
⇩ 1% vs $306/sqft last year
Median Home Size
2,609 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 228 this year vs 204 last year
  • Days on market: 45 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $723,750 (-7.8% YoY)
  • Average: $985,525 (-14.4% 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 13.8 miles — 2,503 listings ($1,634,229,841 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
85298Gilbert, AZ 852980.0 mi186$186,907,680$707,500$1,004,880
85249Chandler, AZ 852494.2 mi223$173,795,050$672,450$779,350
85142Queen Creek, AZ 851424.8 mi379$376,227,236$740,000$992,684
85296Gilbert, AZ 852966.6 mi155$117,016,320$599,999$754,944
85225Chandler, AZ 852258.0 mi168$80,146,752$460,000$477,064
85234Gilbert, AZ 852348.7 mi117$91,448,370$599,450$781,610
85224Chandler, AZ 8522410.3 mi96$48,756,960$459,900$507,885
85206Mesa, AZ 8520610.9 mi176$66,498,432$359,900$377,832
85204Mesa, AZ 8520411.4 mi81$34,968,996$415,000$431,716
85208Mesa, AZ 8520812.6 mi121$47,699,773$380,000$394,213
85202Mesa, AZ 8520213.0 mi98$38,336,228$334,777$391,186
85143San Tan Valley, AZ 8514313.4 mi307$137,933,872$418,380$449,296
85140San Tan Valley, AZ 8514013.8 mi396$234,494,172$516,990$592,157

Frequently Asked Questions

How many homes are for sale in GILBERT, AZ 85298?

As of February 2026, there are 228 active listings in GILBERT, AZ (zip code 85298), compared to 204 the prior year.

What is the median home price in GILBERT, AZ 85298?

The median listing price in GILBERT, AZ 85298 is $723,750 as of February 2026, a 7.8% decrease from $784,823 the prior year.

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

Homes in GILBERT, AZ 85298 spend an average of 45 days on the market before going under contract, compared to 50 days the prior year.

Is it a seller's or buyer's market in GILBERT, AZ 85298?

Based on current inventory and days-on-market data as of February 2026, GILBERT, AZ 85298 is currently a Balanced Market. Inventory has increased compared to last year, with 24 more homes available — giving buyers more choice. Homes are selling faster, averaging 45 days on market compared to 50 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 85298 save an estimated $14,475 compared to a typical 5% commission on the median listing price of $723,750. 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.