Is Gilbert, AZ a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Gilbert is a seller's market


Difference Since February 2022

Since last year, Gilbert has remained a Seller's Market.

Key Takeaway

Gilbert is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Gilbert, AZ cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2022


Key Takeaway

Homes in Gilbert have sold for 12.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $200K$232.5K
2 $380K$435K
3 $455K$514.1K
4 $564.7K$634.9K
5+ $714.9K$826K

Median Sold Price Compared To Nearby Cities

Queen Creek
Queen Creek

How many homes are available in Gilbert, AZ?

Number of Homes For Sale

Jan 2023Feb 2023%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 23
2 6067
3 396427
4 366389
5+ 169186

Number of Homes Sold

Jan 2023Feb 2023%

Asking Price vs. Sold Price

139 Homes Were Sold
Under Asking

41 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gilbert, you may be able to get a good deal. 68.1% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
30 Days88 Days+193.4%

Breakdown of Home Sale Times

55 Homes Were Sold
Under 30 Days

56 Homes Were Sold
In 30 - 90 Days

93 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Gilbert are taking a long time to sell, it's a good idea to negotiate on homes here.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Gilbert, AZ

Gilbert, AZ has 1,072 homes for sale to choose from. The number of listings in Gilbert, AZ increased by 8% between January 2023 and February 2023. In February 2023, listings were on the market for 88 days. During the same period, the median list price in this real estate market was $576,509. Between January 2023 and February 2023, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 16.3%, 2 bedrooms properties became 14.5% more expensive, the cost of 3 bedrooms properties went up by 13%, 4 bedrooms properties became 12.4% more expensive, prices of 5 bedrooms properties went up by 15.5%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes increased by 50%, volume of 2 bedrooms homes went up by 11.7%, number of 3 bedrooms homes increased by 7.8%, 4 bedrooms homes inventory increased by 6.3%, 5 bedrooms homes inventory increased by 10.1%. Gilbert, AZ housing market in February 2023 saw over 24 listings sold above listed price, more than 41 sold at listed price and over 139 sold below.

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