What is the typical home value in Gilbert 85233?

The typical home value is $523,969 as of July 2026, down 0.8% over the past year.

How long do homes typically stay on the market in 85233?

The median days on market is 54, indicating a moderate pace of sales.

Are sellers reducing prices in this area?

26.8% of listings currently have a price cut, suggesting many sellers are adjusting their asking prices.

Market Intelligence · AZ / Gilbert

Gilbert, AZ 85233 Housing Market

The typical home value in Gilbert 85233 is $523,969, down 0.8% over the past year. The median list price sits at $543,213, with homes spending 54 days on market as of July 2026.

Updated August 2026Median value$524K

The median home value in Gilbert, AZ 85233 is $524K as of August 2026, down 0.8% 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

$482K to $566K

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

-0.8% over 12 months

Jul 2025$528K

Low $524KHigh $529K

Jul 2026$524K

The numbers

What is the 85233 housing market like?

As of August 2026

Typical home value

$524K

0.8%YoY

Median list price

$549K

1.1%MoM

Days on market

5.6%MoM

Homes for sale

6.7%MoM

Price cuts

33.6%

25.1%MoM

New listings

9.1%MoM

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

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The comparison

How do 85233 home prices compare?

85233$523,969
Gilbert$550,996
Arizona$392,647
United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Gilbert: 6 ZIPs; Arizona: 300 ZIPs; United States: 26,266 ZIPs).

Context

Gilbert 85233 has 89 homes for sale, with 44 new listings entering the market. The median time to sell stands at 54 days, suggesting moderate buyer interest. However, 26.8% of listings have received price cuts, indicating sellers are adjusting to market conditions. The slight year-over-year decline in typical home value reflects a softening market. Sellers should be realistic about pricing and prepared for a longer sales timeline than in stronger markets.

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