Market Intelligence · AZ / Gilbert

Gilbert, AZ 85234 Housing Market

The typical home in Gilbert's 85234 ZIP is valued at $554,682, up 0.8% over the past year. The median list price stands at $561,225, with homes spending a median of 58 days on market.

Updated August 2026Median value$555K

The median home value in Gilbert, AZ 85234 is $555K as of August 2026, up 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 85234 range

$510K to $599K

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

Typical home value in 85234 over the last 12 months: $550K in Jul 2025 to $555K in Jul 2026 (+0.8%).

Jul 2025$550K

Jul 2026$555K

The numbers

What is the 85234 housing market like?

Typical home value

$555K

Up0.8%YoY

Median list price

$570K

Up1.6%MoM

Days on market

52

Down10.3%MoM

Homes for sale

112

Down5.1%MoM

Price cuts

32.0%

Up7.0%MoM

New listings

64

Up14.3%MoM

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

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The comparison

How do 85234 home prices compare?

  • 85234$554,682
  • 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's 85234 market shows modest momentum. There are 118 homes for sale, with 56 new listings coming to market. The median days on market of 58 suggests properties are moving, though not with urgency. However, 29.9% of listings have seen price cuts, indicating some sellers are adjusting expectations. For someone considering a sale, the slow but steady appreciation paired with active price adjustments suggests you should be realistic about your timeline and pricing.

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