Market Intelligence · AZ / Gilbert

Gilbert, AZ 85233 Housing Market

The typical home value in Gilbert's 85233 ZIP is $523,969, down 0.8% over the past year. The median list price sits at $549,000, with homes spending a median of 57 days on market.

Updated August 2026Median value$519K

The median home value in Gilbert, AZ 85233 is $519K as of August 2026, down 0.6% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 85233 range

$477K to $560K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-0.6% over 12 months

Typical home value in 85233 over the last 12 months: $522K in Aug 2025 to $519K in Aug 2026 (-0.6%).

Aug 2025$522K

Aug 2026$519K

The numbers

What is the 85233 housing market like?

Typical home value

$519K

Down0.6%YoY

Median list price

$549K

Up1.1%MoM

Days on market

57

Up5.6%MoM

Homes for sale

83

Down6.7%MoM

Price cuts

33.6%

Up25.1%MoM

New listings

40

Down9.1%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 85233 home prices compare?

  • 85233$518,594
  • Gilbert$547,568
  • Arizona$388,803
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Gilbert: 6 ZIPs; Arizona: 300 ZIPs; United States: 26,265 ZIPs).

Context

Gilbert's 85233 market shows a buyer-slanted environment. There are 83 homes for sale with 40 new listings added recently. The median time to sell stands at 57 days, and nearly a third of active listings have already seen a price cut at 33.6%. For sellers, this mix of softening values and extended market time suggests taking a realistic approach to pricing.

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