Gilbert Arizona Real Estate Market Report — May 2026
Gilbert Arizona Real Estate enters May 2026 in a balanced posture that rewards prepared buyers and well-positioned sellers in equal measure. The median single-family sale price holds near $650,000, with homes moving in about 55 days at 97.9% of list. Two A-rated school districts, an A+ property-crime grade from AreaVibes, and an employer mix that includes Northrop Grumman, GoDaddy, Banner MD Anderson, and Deloitte continue to pull relocation buyers from Chicago, Seattle, and Los Angeles into Gilbert ahead of any other East Valley city. The opportunity this month sits at the edges… newer southeast zip codes (85297, 85298) where Toll Brothers, Taylor Morrison, and Shea Homes are still releasing inventory, and established communities like Morrison Ranch and Val Vista Lakes where resale supply is finally rising off pandemic-era lows.
May 2026 Market Snapshot
Median Sale Price $650,000 ▲ +0.5% YoY |
Average Sale Price $715,400 → -1.8% YoY |
Price / Sq Ft $293 → Flat YoY |
Homes Sold (Mo) 1,553 ▲ vs. 1,309 last year |
Active Listings 1,484 ▲ Rising 3-mo |
Days on Market 55 → vs. 42 last year |
Sale-to-List 97.9% → Stable |
Months of Supply 1.4 → Balanced |
Prices & Volume… May 2026
Gilbert closed sales volume continues to widen the year-over-year gap. The Gilbert Arizona Real Estate market saw approximately 1,553 single-family closings in May 2026 versus 1,309 in the same month a year earlier, a roughly 19% volume gain that signals deeper buyer participation across price bands. Median sale price is essentially flat year over year at $650,000, while average sale price has softened slightly to $715,400 as fewer ultra-luxury 85295 and 85298 estates closed this month compared to the same period last year. Price per square foot sits at $293, unchanged year over year.
Days on market extended to 55 from 42 a year ago, which reads as cooling at first glance but is more accurately described as normalizing. The sale-to-list ratio of 97.9% confirms that listing strategy still matters… overpriced listings sit, well-positioned listings move. Months of supply at 1.4 places Gilbert squarely in seller-favorable territory by traditional metrics, but the rising 3-month trend in active listings (now 1,484) gives buyers more options than they have had since 2022. Anyone selling in the next 90 days should lean on a dedicated full-time Gilbert listing agent to read pricing in their specific zip and subdivision… a $650K Morrison Ranch home and a $650K Power Ranch home are not interchangeable in this market.
By Zip Code… Six Gilberts
Gilbert’s six zip codes anchor different price points, build eras, and lifestyle profiles. Understanding which zip you are targeting is the single biggest unlock for finding the right Gilbert home… or for pricing your sale accurately.
- 85233 (West/Central Gilbert, The Islands): Median sale price near $615,000… mostly 1990s build era, walkable to Heritage District, anchored by lakefront communities The Islands and El Dorado Lakes.
- 85234 (North Gilbert): Median sale price near $685,000… home to Val Vista Lakes and Morrison Ranch (the iconic white-fence, tree-lined neighborhoods). Mature canopy, larger lots, premium pricing.
- 85295 (Central-South Gilbert): Median sale price near $640,000… newer 2000s-era inventory including Ashland Ranch, Lyon’s Gate, and Spectrum at Val Vista. Strong family-buyer demand.
- 85296 (East-Central Gilbert): Median sale price near $695,000… contains Agritopia (walkable agri-hood) and portions of Morrison Ranch. Highest per-square-foot in resale by reputation premium.
- 85297 (Southeast Gilbert): Median sale price near $625,000… Power Ranch master plan, Layton Lakes, Coronado Ranch. Family programming, two clubhouses, deep new-construction pipeline.
- 85298 (South Gilbert, near Queen Creek border): Median sale price near $735,000… Seville Golf & Country Club, The Bridges, Adora Trails, Freeman Farms. Largest lots, newest construction, top of Gilbert luxury.
Gilbert Neighborhoods & Subdivisions
Gilbert is Arizona’s master-planned-community capital. The list below covers the major resale subdivisions inside Gilbert town limits, every name verified to a current Gilbert AZ mailing address through MLS, HOA registry, and town GIS records. Border-area developments that sometimes get mis-tagged as Gilbert (Warner Ranch is Tempe/Chandler, Trilogy at Encanterra is San Tan Valley) have been excluded.
Agritopia
Walkable agri-hood at Higley and Ray Roads with an 11-acre working farm at its center. Front porches, neighborhood shops at Epicenter, Joe’s Farm Grill. Cottage, bungalow, and modern home styles around community gardens.
Morrison Ranch
The classic Gilbert postcard. White rail fences, tree-lined boulevards, grass parks. Subareas include Higley Groves, Highland Groves, Lakeview Trails, Elliot Groves, Warner Groves. Premium pricing reflects mature streetscape.
Power Ranch
One of Gilbert’s largest master plans with 11 sub-neighborhoods, two clubhouses, lakes, and miles of trails. Family programming and community events are the draw. Also home to Trilogy 55+ enclave.
Seville
Upscale gated golf community with Seville Golf & Country Club at its center. Mediterranean architecture, manicured commons, tennis, pickleball, dining. Zoned to Chandler Unified School District despite Gilbert address.
Val Vista Lakes
Established lake community in north Gilbert with man-made lakes, canals, full clubhouse, tennis courts, and waterfront homes. Built late 1980s to mid-1990s with significant remodel activity in last decade.
The Islands
West Gilbert lakefront community along Baseline and Gilbert Roads. Mature trees, water views, walkable to Heritage District. Built mostly 1980s and 1990s with one-story and two-story floor plans.
Layton Lakes
Lake-anchored newer master plan between Power and Higley Roads. Catch-and-release fishing, walking trails, community pools. Mostly 2010s build era with modern open floor plans appealing to younger families.
The Bridges at Gilbert
Gated enclaves with planned open space and curated landscaping. Mix of family-oriented sections and luxury custom homes. Quick access to Loop 202 and Queen Creek border amenities.
San Tan Ranch
580-acre community near the San Tan Mountains. About 1,800 single-family homes built between 1998 and 2004. Mostly single-story plans, 3 to 5 bedrooms, broad price range that attracts move-up families and downsizers alike.
Adora Trails
Active-lifestyle community with extensive trail network, resort-style pool, and clubhouse. Mix of family and active-adult sections. Newer build era (2010s onward) with energy-efficient construction throughout.
Coronado Ranch
South of San Tan Ranch and east of Gilbert Regional Park. Built between 2001 and 2004. Homes from 1,500 to 4,000 square feet with 3 to 6 bedrooms. Family-friendly with local coffee shops, parks, and trails nearby.
Trilogy at Power Ranch
Age-restricted 55+ enclave inside the Power Ranch master plan. Resort-style amenities, golf, social clubs, fitness center. Single-story floor plans designed for low-maintenance retirement living with full Gilbert access.
All subdivision names above verified against current MLS sales activity, HOA registry, and Town of Gilbert GIS records inside Gilbert town limits. Additional active subdivisions include Cooley Station (85295/85296), Greenfield Lakes (85296), Spectrum at Val Vista (85295), Ashland Ranch (85295), Higley Park (85296), Carol Rae Ranch, Cooper Ranch, Western Skies, Stonebridge Lakes, and Freeman Farms. Inquire for current activity in any specific neighborhood.
Gilbert’s Neighboring Cities & Surrounding Markets
Gilbert sits within Maricopa County… at the heart of the East Valley site menu region. Most Gilbert buyers and sellers also evaluate the cities below before deciding where to land. Each link below opens our dedicated market report for that city.
Explore All of Maricopa County Real Estate
Gilbert is one of more than 25 cities and towns inside Maricopa County, the fourth-largest county in the United States. Use our Maricopa County guide to compare every East Valley, West Valley, Phoenix Metro, North Valley, and Scottsdale Area market side by side.
▶Maricopa County Real Estate Guide◀Schools & School Districts
Per the Arizona Department of Education FY25 A-F Letter Grades (released April 15, 2026), Gilbert is one of only a handful of Arizona cities where both major school districts earned A grades at the LEA (district) level. Gilbert Unified District earned an A across its 38 schools, and Higley Unified School District earned an A across its 16 schools. A small western strip of Gilbert (Seville and parts of 85298) is served by Chandler Unified, also an A-rated district. This unusual concentration of A-grade districts is one of the main reasons relocation buyers pay a premium to land specifically in Gilbert versus neighboring East Valley cities.
Gilbert Unified District… A-Rated District
Gilbert Unified covers the central and western portions of Gilbert. Per ADE FY25 data, top-scoring elementary schools include Canyon Rim Elementary (A grade, 95.77 points earned), Quartz Hill Elementary (A grade, 95.67 points), and Spectrum Elementary (A grade, 95.36 points). The district’s traditional high schools all earned A grades, with Campo Verde leading at 89.67 points, followed by Mesquite (83.33) and Highland (82.78). Gilbert Classical Academy 7-12 (a selective college-prep hybrid program within the district) also earned an A.
Higley Unified School District… A-Rated District
Higley Unified covers eastern and southern Gilbert (most of 85295, 85297, 85298). Per ADE FY25 data, top elementary schools include San Tan Elementary (A grade, 93.21 points), Centennial Elementary (A grade, 92.33 points), and Higley Traditional Academy (A grade, 90.06 points). At the high school level, Williams Field High School posted the highest score of any Gilbert traditional high school at 93.3 points (A grade), followed by Higley High School at 89.16 points (A grade).
Williams Field High School
Per ADE FY25 official data, Williams Field High earned an A letter grade with 93.30 total points earned and a perfect 10.00 graduation rate score. The highest-scoring traditional high school in Gilbert per the official state release.
ADE A 93.30 pts 9-12Canyon Rim Elementary
Per ADE FY25 official data, Canyon Rim Elementary earned an A letter grade with 95.77 total points earned, the highest-scoring K-8 school in Gilbert Unified for the FY25 release.
ADE A 95.77 pts K-8Gilbert Classical Academy 7-12
Per ADE FY25 official data, Gilbert Classical Academy earned an A letter grade as a hybrid K-12 model with strong proficiency scores in both the 7-8 and 9-12 bands. Selective college-prep program with a humanities-and-classics curriculum.
ADE A College Prep 7-12San Tan Elementary School
Per ADE FY25 official data, San Tan Elementary earned an A letter grade with 93.21 total points earned. Serves the Power Ranch and southeast Gilbert subdivision cluster around the Pecos and Higley Roads area.
ADE A 93.21 pts K-8School zone assignments inside Gilbert change frequently as district boundaries adjust to enrollment shifts. Always verify the actual school assignment for a specific address through the district office before making an offer. The neighborhood-to-school mapping commonly cited online lags real boundary changes by 12 to 24 months.
Source note: All letter grades on this page reflect the official Arizona Department of Education FY25 A-F release (April 15, 2026), the most current state-issued data available. Third-party aggregators (Niche, GreatSchools, SchoolGrade) are secondary references only and do not override official ADE grades.
Safety & Crime in Gilbert
Gilbert has built a multi-year reputation as one of the safest large cities in the United States. AreaVibes gives Gilbert an A+ overall crime grade with total crime running about 51% below the national average. CrimeGrade rates Gilbert in the 94th percentile for property crime safety (A+) and the 72nd percentile for violent crime safety. NeighborhoodScout describes Gilbert as one of the safest cities in America for its population size despite Arizona’s tougher state averages.
Law Enforcement Jurisdiction in Gilbert
Gilbert is an incorporated town with single-agency law enforcement. Primary police service is provided by the Gilbert Police Department, headquartered at 75 E. Civic Center Drive, Gilbert, AZ 85296 (open 24/7), with the San Tan Substation at 2332 E. Queen Creek Road, Gilbert, AZ 85297 covering the southeast quadrant. Gilbert PD is accredited through the Arizona Law Enforcement Accreditation Program and operates dedicated Crisis Response, Crime Prevention, Traffic Safety, and Youth Resources units. The Arizona Department of Public Safety (AZ DPS) provides highway patrol coverage on US-60 (Superstition Freeway), Loop 202 (San Tan Freeway), and the SR-87 corridor that bounds eastern Gilbert. Maricopa County Sheriff’s Office does not maintain a primary patrol presence inside Gilbert town limits.
Gilbert Safety Snapshot
One of the safest large towns in Arizona. Strong police visibility, accredited department, low violent crime rate, and exceptional property crime metrics.
Inside Gilbert, the southeast and east sectors consistently report the lowest crime rates per resident. Neighborhood-level standouts in 2025 reporting include The Islands (84th percentile for violent crime safety inside Gilbert), Seville, and the newer Layton Lakes and Adora Trails developments… benefiting from gated entries, planned street grids, and active HOA oversight. Property crime, where it does occur, concentrates in the northwest commercial corridors near retail centers rather than residential subdivisions, which is normal for any growing East Valley town.
Major Employers & Commute
Gilbert is one of only 41 U.S. municipalities to hold AAA credit ratings from all three major rating agencies. Its employment base is anchored by aerospace, biotechnology, healthcare, technology, and advanced business services, with most major employers physically inside Gilbert town limits and the rest within a 20-minute commute. The Phoenix-Mesa Gateway Airport (partially owned by Gilbert) and ASU Polytechnic Campus sit on the eastern boundary and pull additional employer activity into the Gateway Employment Area.
Top employers within commuting distance
Gilbert’s Northwest Employment Area (along the US-60 corridor) clusters science, technology, aerospace, and advanced manufacturing… Northrop Grumman’s satellite manufacturing campus (expanded 2021) and Lockheed Martin anchor this district. The Banner Employment Area near US-60 hosts the healthcare cluster including Banner MD Anderson Cancer Center, Banner Gateway Medical Center, and the Ironwood Cancer Research Center. The Gateway Employment Area on Gilbert’s eastern edge along Loop 202 has nearly 1,000 acres of undeveloped commercial property planned for aerospace, aviation, and large retail. The Central Employment Area near the Heritage District is Gilbert’s most diverse, hosting Mercy Gilbert Medical Center, Deloitte, and Silent-Aire’s US headquarters. This employer breadth is the structural foundation underneath Gilbert’s housing demand… not seasonal vacation buyers, not investor flippers, but full-time professionals earning Gilbert paychecks.
New Construction… Active Builders in 85295, 85297, 85298
Gilbert is mostly built out in its northern and central zip codes (85233, 85234), with the remaining new-construction activity concentrated in the southeastern triangle (85295, 85297, 85298). Toll Brothers, Taylor Morrison, Shea Homes, Lennar, Fulton Homes, and Tri Pointe Homes all have active or recently completed Gilbert programs. Luxury new construction with 15,000+ sq ft homesites has become a Gilbert specialty given the town’s lot inventory and zoning.
- Toll Brothers at Stonegate Court (active, sales open): 4229 S. Quinn Ave, Gilbert, AZ ✅. Exclusive gated community of 22 single-story luxury homes, 3,460 to 4,126+ sq ft on 15,000+ sq ft homesites. Three single-level designs with elevated ceilings, multi-slide doors, and resort-style backyards. Markham model home open. Convenient Loop 202 access.
- Toll Brothers at Flora at Morrison Ranch (active): Higley Road and Pecos Road area, Gilbert, AZ ✅. Spacious floor plans 3,000 to 5,000 sq ft in farmhouse, ranch, and cottage architectural styles inside the Morrison Ranch master plan. Luxury finishes, indoor-outdoor living, and Morrison Ranch greenbelt access.
- Taylor Morrison Gilbert programs (active): Multiple southeast Gilbert and Morrison Ranch communities, Gilbert, AZ ✅. Floor plans typically 2,400 to 3,800 sq ft with current pricing in the $700,000s to $900,000s. Ask about move-in incentives.
- Shea Homes Gilbert programs (active): Southeast Gilbert and Cooley Station area, Gilbert, AZ ✅. Multiple floor plans from the mid-$500,000s to mid-$600,000s. Energy-efficient construction with Shea’s signature warranty package.
- Fulton Homes (resale + select new): Active in established Gilbert subdivisions, Gilbert, AZ ✅. Traditional single-family floor plans 1,700 to 2,900 sq ft with front-loaded garages. Limited new inventory remains.
- Lennar Gilbert programs (active): Spread across newer Gilbert subdivisions, Gilbert, AZ ✅. One-story and two-story models, square footage up to 3,400. Some quick-move-in inventory in current cycle.
Important disclosure: Several Gilbert master plans (Power Ranch, Layton Lakes, Cooley Station, Seville, The Bridges) carry Community Facilities District (CFD) bonds, master HOA dues, and in some cases sub-association dues stacked on top. Annual carrying costs can run from $400 to $4,500+ per year depending on community. Always pull the full HOA and CFD disclosure package before signing a builder contract.
Read the full Arizona New Construction Buyer Guide before you visit any model home.
Condos & Townhomes… May 2026
Gilbert is dominantly a single-family-home market, but the condo and townhome segment has steadily expanded with newer Heritage District infill and townhome developments along the Loop 202 corridor. As of May 2026, the attached-housing segment provides a clear entry point for buyers priced out of the $650K SFR median.
Active Listings 78 ▲ Verified |
Median List $410,000 → Stable |
Entry Price $280,000 → Most affordable |
Top of Range $715,000 ▲ Luxury resale |
Price / Sq Ft $245 to $295 ▲ Range |
Days on Market 48 → Range |
Sale-to-List 98.2% → Healthy |
Active Communities 12+ → Verified ✅ |
Active Condo & Townhome Communities (Verified)
- Villas at Higley Park… S. Higley Road and E. Pecos Road, Gilbert, AZ 85297 ✅. Townhome-style two-story plans with attached garages. Convenient to Williams Field High and Power Ranch amenities.
- San Tan Vista… near S. Greenfield Road and E. Pecos Road, Gilbert, AZ 85297 ✅. Newer construction townhomes, two-bedroom and three-bedroom plans, common pool and ramada amenities.
- Villa Toscana… Heritage District area, Gilbert, AZ 85233 ✅. Walkable to Downtown Gilbert dining and nightlife. Mixed product types including townhomes and lock-and-leave condos.
- Gilbert Greens… northern Gilbert near Val Vista Lakes, Gilbert, AZ 85234 ✅. Established condo community with mature landscaping, pools, and golf course adjacency.
- Breckenridge Townhomes… central Gilbert, Gilbert, AZ ✅. Two-bedroom and three-bedroom townhomes with garages. Affordable entry-level pricing for the Gilbert market.
- Cayman Square… S. Cooper Road and E. Guadalupe Road, Gilbert, AZ 85295 ✅. Newer build townhomes with HOA-maintained exteriors.
- Coral Point… S. Elliot Road and S. McQueen Road area, Gilbert, AZ ✅. Two-story townhomes with community pool and HOA.
What Gilbert Residents Say
The themes below come from published community reviews and resident commentary across multiple platforms. Names are anonymized and themes verified across more than one independent source.
We relocated from the East Coast three years ago after researching Gilbert online for two full years before we ever visited. The schools were the deciding factor, but the cleanliness of the streets, the safety, and how welcoming the neighbors have been… we made the right call.
I have been here for nine years now and the thing that has not changed is how family-centered everything is. My kids walked to elementary school. We know our neighbors. We see the same police officers at community events. It is a real town despite being the size of one.
Agritopia is unlike anywhere else in Arizona. The working farm, the walkable shops at Epicenter, the front porches, Joe’s Farm Grill… my husband and I downsized from a big house in Scottsdale because we wanted community, not square footage.
I work at Northrop Grumman and my wife works at Banner Gateway. Both of us have under-15-minute commutes. The Gilbert school district was the deciding factor when we picked where to buy. We are paying more than we would in Mesa, but the trade-off is obvious.
Why Gilbert Arizona Real Estate Matters in 2026
Gilbert is not a speculative market. It is a structural-demand market built on durable economic and demographic foundations that other Arizona cities are still trying to assemble. Buyers who understand this stop trying to “time” Gilbert and start trying to “win” Gilbert.
Key drivers supporting Gilbert Arizona Real Estate include:
- Two A-rated school districts… per ADE FY25, both Gilbert Unified (38 schools) and Higley Unified (16 schools) earned A grades at the district level. Almost no other Arizona city offers this concentration.
- Top-tier safety profile… AreaVibes A+ overall, CrimeGrade 94th percentile for property crime safety. Gilbert has been ranked among America’s safest large cities for multiple consecutive years.
- AAA credit rating from all three major agencies… one of only 41 U.S. municipalities to hold this distinction. Translates to stable municipal services and predictable property tax behavior.
- Aerospace and tech employer concentration… Northrop Grumman, GoDaddy, Lockheed Martin, Moog Broad Reach, and Deloitte’s US Delivery Center anchor a non-cyclical employer base.
- Healthcare anchor cluster… Banner MD Anderson Cancer Center, Banner Gateway, Mercy Gilbert Medical Center, and the Ironwood Cancer Research Center pull in clinical professionals and biotech talent.
- Master-planned community depth… Power Ranch, Morrison Ranch, Agritopia, Seville, Val Vista Lakes, Layton Lakes, The Bridges. Buyers can pick a lifestyle (lake, golf, agri-hood, family-park) and a price band.
- Infrastructure access… US-60, Loop 202 (San Tan Freeway), Phoenix-Mesa Gateway Airport (Gilbert is a part-owner), and ASU Polytechnic Campus on the eastern boundary.
- Migration inflow… Chicago, Seattle, and Los Angeles buyers consistently search Gilbert more than any other East Valley city, per multi-source migration data.
- Limited buildable land… Gilbert is finite. The remaining undeveloped land sits in 85297, 85298, and parts of 85295. After that, the only path is resale.
- Cultural anchors… the Heritage District, Joe’s Farm Grill at Agritopia, Gilbert Regional Park, and the Riparian Preserve at Water Ranch give Gilbert a unique civic identity beyond the strip-mall suburb model.
This is a market where the right buyer with the right agent wins… and where the right seller with the right pricing strategy still gets multiple offers. The wrong agent on either side of a Gilbert Arizona Real Estate deal costs real money. Use a dedicated full-time Gilbert specialist.
May 2026… Buyer & Seller Takeaways
- Buyers: The 19% year-over-year volume gain plus 55 days on market gives buyers more leverage than they have had in three years. Sale-to-list at 97.9% means well-prepared offers below list are landing, especially on listings past 30 days.
- Sellers: Median holds firm at $650K but pricing precision matters more than ever. A 5% list-price miss on day one costs you 6 weeks of market time. Stage, price, and photograph for the specific zip and subdivision.
- Relocation Buyers: Lock in your school district BEFORE you lock in a neighborhood. Both Gilbert Unified and Higley Unified are A-rated per ADE FY25… but boundaries move yearly. Verify the specific address.
- New Construction Buyers: Active inventory in 85295, 85297, 85298 from Toll Brothers, Taylor Morrison, Shea, Lennar, Fulton, Tri Pointe. CFD bonds and HOA stacking can add $400 to $4,500+ per year. Read the disclosure package fully.
- 55+ Buyers: Trilogy at Power Ranch is the in-Gilbert option. For broader 55+ selection consider nearby Sun Lakes (Maricopa County) or the active-adult sections of Adora Trails.
- Sellers in 85234 / 85296: Morrison Ranch and Val Vista Lakes resale supply is rising. Time the listing to the early-summer school-zone migration window for best absorption.
Frequently Asked Questions
Single-family homes in Gilbert closed at a median sale price of about $650,000 in May 2026, holding roughly flat year over year on a triangulated read across area data sources. Price per square foot sits near $293, and average sale price reflects the luxury 85298 segment at $715,400.
Yes. Gilbert consistently ranks among the safest large cities in the United States. AreaVibes assigns an A+ overall crime grade with total crime about 51% below the national average, and CrimeGrade gives Gilbert an A+ for property crime (94th percentile for safety). The Gilbert Police Department operates from 75 E. Civic Center Drive in Gilbert 85296 and from the San Tan Substation at 2332 E. Queen Creek Road in Gilbert 85297.
Per Arizona Department of Education FY25 A-F Letter Grades, both Gilbert Unified District (38 schools) and Higley Unified School District (16 schools) earned A grades at the district level. A small portion of west Gilbert is served by Chandler Unified. Standouts include Canyon Rim Elementary (A, 95.77 points), Quartz Hill Elementary (A, 95.67 points), Williams Field High School (A, 93.30 points), and Gilbert Classical Academy (A).
Gilbert has six zip codes: 85233 (west/central, The Islands), 85234 (north, Morrison Ranch, Val Vista Lakes), 85295 (central-south), 85296 (east-central, Agritopia, Morrison Ranch east), 85297 (southeast, Power Ranch, Layton Lakes), and 85298 (south near Queen Creek border, Seville, The Bridges, Adora Trails). All sit within Maricopa County.
Yes. Toll Brothers is active at Stonegate Court (4229 S. Quinn Ave, Gilbert) and Flora at Morrison Ranch. Additional active builders include Taylor Morrison, Shea Homes, Lennar, Fulton Homes, and Tri Pointe Homes. Most remaining new inventory sits in southeast Gilbert (85295, 85297, 85298). The northern zip codes (85233, 85234) are largely built out.
Notable Gilbert employers include Northrop Grumman, GoDaddy, Lockheed Martin, Moog Broad Reach, Deloitte (US Delivery Center), Silent-Aire, Banner MD Anderson Cancer Center, Banner Gateway Medical Center, and Mercy Gilbert Medical Center. The Phoenix-Mesa Gateway Airport and ASU Polytechnic Campus anchor the Gateway Employment Area, and Intel’s Ocotillo campus in Chandler is a 25-minute commute.
Gilbert condo and townhome inventory runs from about $280,000 at entry through roughly $715,000 at the top of resale, with a median list around $410,000. Active communities include Villas at Higley Park, San Tan Vista, Villa Toscana, Gilbert Greens, Breckenridge Townhomes, Cayman Square, and Coral Point. Most attached inventory clusters near Heritage District and the Loop 202 corridor.
Gilbert sits at the intersection of two A-rated school districts, A+ property safety, AAA municipal credit, an aerospace and biotech employer base, and one of Arizona’s deepest master-planned community portfolios. Demand is structural, not speculative. Buyers competing for resale and sellers leveraging school-zone equity both need a dedicated full-time Gilbert specialist to win.
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Gilbert Business & Commercial Real Estate
Gilbert’s commercial market is one of the strongest in the East Valley, anchored by the Rivulon Business District, SanTan Village retail corridor, the Banner medical employment area, and the Gateway employment area along Loop 202. Office vacancy ticked down through 2025 as TD SYNNEX and several biotech tenants absorbed prime space, and industrial along the Loop 202 corridor remains tight despite record new completions. Retail rents along Val Vista, Higley, and Power Roads are at all-time highs, reflecting daytime population density and household income strength.
For commercial transactions and business sales, you need specialists… not residential agents handling commercial deals on the side. Here’s what’s actually moving in this market right now:
Office Lease Rates $26 to $36 / SF → Annual NNN range |
Retail Lease Rates $28 to $48 / SF → Annual NNN range |
Industrial Lease $12 to $16 / SF → Annual NNN, very tight |
Cap Rates Trading 5.5% to 7.0% → Recent sales |
Active Listings 420+ ▲ Lease + sale |
Total Inventory 36M+ SF → Across types |
For Sale Range $1.2M to $42M → Mixed |
Anchor Asset SanTan Village → 1.3M SF retail |
Buying or Selling a Gilbert Business?
Thinking about buying or selling a Gilbert business… with or without the real estate? Gilbert is home to one of Arizona’s deepest small and mid-market business ecosystems, with everything from medical practices and restaurants to professional services and manufacturing operations changing hands. We have dedicated full-time business brokers who specialize in Arizona business transactions and know how to value, market, and close Gilbert businesses at maximum value… with complete confidentiality from first conversation through closing day.
▶Talk to a Business Broker◀Buying or Selling a Gilbert Commercial Building?
Thinking about acquiring or selling a Gilbert commercial building? From SanTan Village retail pads to Rivulon office space to Gateway industrial product, Gilbert commercial pricing has its own dynamics inside the East Valley. We have dedicated full-time commercial real estate agents who cover this entire submarket. Don’t trust commercial property to a residential agent who handles it occasionally.
▶Talk to a Commercial Agent◀
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▶Get Funded at 75BizLoans.com◀Methodology & Sources
Coverage area: Gilbert Arizona Real Estate across all six Gilbert zip codes (85233, 85234, 85295, 85296, 85297, 85298) inside Maricopa County town limits.
Data sources: Monthly closed-sale and active-listing data is compiled from local sales records and verified across multiple area data sources before publication. Public records, builder sales centers, and Town of Gilbert planning documents are used for new construction figures and address verification. School ratings are drawn from the Arizona Department of Education FY25 A-F Letter Grades release (April 15, 2026), with Niche, GreatSchools, and SchoolGrade as secondary references only. Crime data comes from CrimeGrade, AreaVibes, NeighborhoodScout, and FBI Uniform Crime Reports as reported by the Gilbert Police Department.
Update cadence: This report is rebuilt the moment new market data is released each month, typically between the 7th and the 10th. Reported figures reflect the most recent complete monthly cut available at publication. Figures presented as ranges reflect normal mid-month variation across data sources, so you always see realistic numbers… not cherry-picked ones.
Author: Compiled by Arizona Homes and Condos Realty. We intentionally do not list properties on this site… Arizona’s market changes too fast for static listing pages to remain accurate.
Here is what actually happens when you reach out. If you are a buyer, a dedicated full-time agent who specializes in your exact target area starts working on your behalf immediately… researching both on-market AND off-market opportunities. Today’s real estate moves so quickly that many of the best properties never reach the national websites at all. You need someone with local relationships pulling for you.
If you are a seller, a local dedicated full-time listing agent reaches out personally to discuss your goals, your timeline, and the details of your property… so we can position you for the strongest possible outcome.
Last updated: May 10, 2026.