Gilbert, AZ Homes for Sale & Real Estate

1,186 Homes for Sale

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Photo 3 of Single family home for sale at 89 E Elgin St, Gilbert, AZ 85295 | MLS# 7088538 | Listing updated on 2026-10-20Photo 1 of Single family home for sale at 89 E Elgin St, Gilbert, AZ 85295 | MLS# 7088538 | Listing updated on 2026-10-20Photo 2 of Single family home for sale at 89 E Elgin St, Gilbert, AZ 85295 | MLS# 7088538 | Listing updated on 2026-10-20

$749,000

count-img 8

4Bds

3Ba

2,874sqft

Single family home for sale

89 E Elgin St, Gilbert, AZ 85295

Keller Williams Realty Sonoran Living. Listing provided by ARMLS

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Gilbert, AZ Housing Market Overview

Gilbert is a balanced market, giving buyers and sellers room to negotiate. With 3.2 months of supply and homes averaging 66 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

66

Inventory

1,186

Sep 2021Jun 2024Sep 2026

Median Home Price

$580,000Up 1.75%

In Sep 2026 · YoY

Sep 2021Jun 2024Sep 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
1,186 Up 21.66%
Newly Listed Homes
1,065 Up 10.25%
Months of Supply
3.2 Up 39.13%

Housing Demand

Homes Sold
769 Down 10.79%
Sale-to-List Ratio
97.9% Up 0.01%
Homes Sold Above List
10.5% Down 4.45%

30-yr fixed rate 6.23% · Data as of Sep 2026 · Source: Houzeo Research.

View Full Gilbert Market Report
No. of Homes
Houses for Sale in Seville, Gilbert
50
Houses for Sale in Cooley Station, Gilbert
38
Houses for Sale in Val Vista Lakes, Gilbert
36
Houses for Sale in The Islands, Gilbert
31
Houses for Sale in Power Ranch, Gilbert
29
Houses for Sale in Adora Trails, Gilbert
27
Houses for Sale in Trilogy, Gilbert
24
Houses for Sale in San Tan Ranch, Gilbert
18
Houses for Sale in Val Vista Classic, Gilbert
18
Houses for Sale in Lyon's Gate, Gilbert
16
Houses for Sale in Layton Lakes, Gilbert
16
Houses for Sale in Freeman Farms, Gilbert
14
Houses for Sale in Marbella Vineyards, Gilbert
13
Houses for Sale in Waterston Central, Gilbert
11
Houses for Sale in Solana, Gilbert
11
Houses for Sale in Lakeview Trails South At Morrison Ranch, Gilbert
11
Houses for Sale in Gardens, Gilbert
10
Houses for Sale in Warner Groves At Morrision Ranch, Gilbert
10
Houses for Sale in Spectrum At Val Vista, Gilbert
10
Houses for Sale in Willows, Gilbert
10
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Frequently Asked Questions

What is the median home price in Gilbert, AZ?

Buying a home in Gilbert typically costs around $580,000, driven by strong local demand and top-rated schools. Townhomes near the Heritage District offer options closer to the mid-$400,000s, while master-planned communities like Morrison Ranch and Agritopia command premium pricing, with baseline homes spanning the $700,000s to over $1 million.

Are closing costs cheaper in Gilbert than other markets?

Yes, closing costs are cheaper here because Arizona has no state real estate transfer tax. Buyer closing costs typically run between 2% and 3% of the purchase price. On a $600,000 Gilbert home, that means paying roughly $12,000 to $18,000, much less than in high-tax states.

How much does homeowners insurance cost in Gilbert?

Homeowners insurance in Gilbert averages about $2,300 a year. That is cheaper than Arizona's wildfire-heavy mountain towns, though local summer monsoon storms, hail, and high dwelling replacement costs can occasionally bump your annual premium higher.

What should I know about HOA fees before buying a home in Gilbert?

Most master-planned communities in Gilbert, including Power Ranch, Morrison Ranch, and Seville, come with an HOA. Non-HOA options are mostly limited to the older core near 85233 or horse properties in south Gilbert. Review the CC&Rs and two years of meeting minutes before buying, since unpaid HOA fees can ultimately lead to foreclosure.

Is Gilbert actually more expensive than neighboring Chandler or Mesa?

Yes, Gilbert remains more expensive than neighboring Chandler and Mesa. High demand fueled by highly rated schools and safe neighborhoods keeps home values elevated above Chandler, with Mesa trailing further behind as the most affordable option among the three.

How much has new construction slowed down in Gilbert, and does that affect resale values?

Yes, new construction has slowed sharply because Gilbert has almost no remaining buildable residential land. With few new subdivisions breaking ground, demand funnels directly into established neighborhoods. This tight supply keeps resale home values strong, even when overall market conditions soften.

Are luxury buyers actually driving up Gilbert's high-end market from out of state?

Yes, out-of-state buyers heavily drive Gilbert's $1 million-plus luxury segment. Most relocate from higher-cost markets like California, Chicago, and Seattle. They are drawn by newer custom builds, larger lots, and top-rated school districts that offer stronger family value than Scottsdale.

  • mls-img

    Based on information from the Arizona Regional Multiple Listing Service through Oct 23, 2026, 1:30 PM. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Listing Information presented by local MLS brokerage: Sell Your Home Services, local REALTOR®- Dan Demers (774) 265-0879. Information is provided exclusively for personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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Gilbert, AZ Housing Marketlink qauare
Homes Available icon

1,186

Homes Available

Median List Price icon

$ 580,000

Median List Price

Avg on Market icon

66 Days

Avg on Market

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