Market Intelligence · AZ / Gilbert

Gilbert, AZ 85297 Housing Market

In Gilbert, AZ 85297, the typical home value is $585,349, down 0.5% over the past year. The median list price is $639,450, and homes are taking a median of 72 days on market. That points to a softer pace than a fast seller's market.

Updated August 2026Median value$585K

The median home value in Gilbert, AZ 85297 is $585K as of August 2026, down 0.5% 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 85297 range

$539K to $632K

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

-0.5% over 12 months

Typical home value in 85297 over the last 12 months: $588K in Aug 2025 to $585K in Aug 2026 (-0.5%).

Aug 2025$588K

Aug 2026$585K

The numbers

What is the 85297 housing market like?

Typical home value

$585K

Down0.5%YoY

Median list price

$639K

Up1.3%MoM

Days on market

72

Up18.0%MoM

Homes for sale

122

Down9.0%MoM

Price cuts

31.8%

Down28.4%MoM

New listings

36

Up38.5%MoM

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

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The comparison

How do 85297 home prices compare?

  • 85297$585,349
  • 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

There are 122 homes for sale in 85297, with 36 new listings coming on the market. The median days on market is 72, so homes are not moving especially quickly. The typical home value is $585,349, down 0.5% over the past year, while the median list price is $639,450. A share of 31.8% of listings has a price cut, which suggests some sellers are adjusting after testing higher prices. Sellers should expect buyers to negotiate and should price carefully from the start.

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