Market Intelligence · AZ / Gilbert

Gilbert, AZ 85234 Housing Market

Homes in Gilbert, AZ 85234 are valued at a typical price of $554,682, up 0.8% over the past year. The median list price stands at $570,000, with homes spending a median of 52 days on the market.

Updated August 2026Median value$552K

The median home value in Gilbert, AZ 85234 is $552K as of August 2026, up 1.0% 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

$507K to $596K

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

+1.0% over 12 months

Typical home value in 85234 over the last 12 months: $546K in Aug 2025 to $552K in Aug 2026 (+1.0%).

Aug 2025$546K

Aug 2026$552K

The numbers

What is the 85234 housing market like?

Typical home value

$552K

Up1.0%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 (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 85234 home prices compare?

  • 85234$551,515
  • 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 85234 ZIP has 112 homes currently for sale, with 64 new listings added recently. The median time on market of 52 days reflects steady buyer interest, though not rapid turnover. Notably, 32.0% of listings have received price cuts, suggesting some sellers are adjusting expectations. The modest year-over-year appreciation of 0.8% indicates a stable but measured market. If you're considering selling, expect a patient buyer pool and plan for negotiations.

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