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Market Intelligence · AZ / Gilbert

Gilbert, AZ 85234 Housing Market

The typical home value in Gilbert's 85234 ZIP code is $548,790, up 1.1% over the past year as of September 2026. The median list price sits at $569,500, and homes spend a median of 41 days on market.

Updated September 2026Median value$549K

The median home value in Gilbert, AZ 85234 is $549K as of September 2026, up 1.1% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 85234 range

$505K to $593K

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

+1.1% over 12 months

Typical home value in 85234 over the last 12 months: $543K in Sep 2025 to $549K in Sep 2026 (+1.1%).

Sep 2025$543K

Sep 2026$549K

The numbers

What is the 85234 housing market like?

Typical home value

$549K

Up1.1%YoY

Median list price

$570K

Down0.1%MoM

Days on market

41

Down21.2%MoM

Homes for sale

123

Up9.8%MoM

Price cuts

36.0%

Up12.6%MoM

New listings

52

Down18.7%MoM

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

The outlook

85234 housing market forecast 2027

-1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85234 to fall 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 85234 rose 1.1%, per the Zillow Home Value Index.

Will home prices drop in 85234?

Zillow's forecast says they may: it expects typical home values in 85234 to fall 1.5% by September 2027, after a 1.1% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 85234 home prices compare?

  • 85234$548,790
  • Gilbert$545,364
  • Arizona$385,442
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Gilbert: 6 ZIPs; Arizona: 300 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, 85234 has 123 homes for sale, with 52 new listings coming on. The median list price of $569,500 runs above the typical home value of $548,790, which suggests sellers are aiming a bit high relative to what homes are actually worth. A median of 41 days on market means homes are not moving instantly, and 36.0% of listings have taken a price cut. The value trend is still positive, up 1.1% over the past year, but modestly. Sellers here have room to sell, but pricing close to reality matters more than testing the top of the range.

Monthly payment

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20% · $109,758

Common questions

What people ask us.

How much is a home in 85234 worth?

The typical home value in 85234 is $548,790 as of September 2026, up 1.1% over the past year. The median list price is $569,500.

How fast do homes sell in 85234?

Homes in 85234 spend a median of 41 days on market as of September 2026. About 36.0% of listings have had a price cut.

How competitive is the 85234 housing market?

There are 123 homes for sale in 85234 as of September 2026, with 52 new listings added. Buyers have real choices, so condition and pricing drive results.

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