Gilbert, AZ Housing Market Report

The Gilbert housing market is currently navigating a period of stabilization as it transitions toward a more balanced environment. As of December 2025, the median home value stands at $565,937, reflecting a modest year-over-year decline of 2.44%. While prices saw a slight downward trajectory through the autumn months, the final quarter of the year showed signs of a floor, with values ticking upward from October lows. This suggests that while the rapid appreciation of previous years has cooled, the market remains resilient due to Gilbert's enduring appeal within the Phoenix-Mesa-Chandler metro area.

Inventory levels have seen a significant surge, with active listings up 9.29% compared to last year, reaching 21,137 units. This increase in supply, coupled with a median of 70 days on market—an eight-day increase over the previous year—indicates that buyers now have more leverage and selection than they have had in several years. The sale-to-list ratio of 0.99 suggests that while sellers are still receiving close to their asking prices, the days of aggressive bidding wars have largely been replaced by measured negotiations.

For prospective buyers, the current climate offers a rare window of opportunity to enter the Gilbert market with less competition and more room for due diligence. Sellers, on the other hand, must be prepared for longer holding times and should prioritize competitive pricing and property condition to stand out in a more crowded field. The rental market remains remarkably steady, with a median rent of $2,097, providing a consistent alternative for those not yet ready to commit to a purchase.

Looking ahead, the slight recovery in prices observed between November and December suggests that demand remains healthy despite higher inventory. As the market enters 2026, we expect Gilbert to maintain its status as a premier residential destination, though price growth is likely to remain in the low single digits. Both parties should keep a close eye on interest rate movements, as any significant shifts could quickly alter the current equilibrium between growing supply and steady demand.