Published : May 17, 2026 Data as of : May 14, 2026 Compared to : April 14, 2026 Coverage : Gilbert, AZ (city-level) | Source : Cromford® Daily Market Snapshot (Single Family Detached)
Gilbert | Arizona | Market Updates
Gilbert Housing Market May 2026 Gilbert, AZ - city-level snapshot for single-family detached homes.
Q: What's happening in the Gilbert housing market right now?
A: As of May 14, 2026 seller's market with moderate conditions : 2.4 months of supply (excluding UCB/CCBS), median monthly sold price $590,000 , days on market (sold) 55 days, and an average sale-to-list of 97.86% .
What this means Negotiation: Homes are selling for about 97.86% of list price - roughly 2% under asking on average. Buyers have a sliver of room, but well-priced homes are not taking big hits.How much is for sale: Only 2.4 months of supply (excluding UCB/CCBS). That's inside seller-market territory - buyers have fewer options and less leverage than they did a few months ago.How long it takes: Sold homes averaged 55 days on market - down from 65 last month. That's a meaningful speed-up. Active listings average 67 days .Pricing reality ($/SF): Monthly sold $/SF is $294.19 while active list $/SF is $321.43 . That spread is where overpriced listings get stuck.This is a rolling snapshot (today vs the same date last month ) so buyers and sellers can see leverage shifts without waiting for month-end reporting.
Written by Andrea Scheppe , Phoenix native and REALTOR® with HomeSmart Elite, Valley Solutions Team.
Gilbert reality check: Supply tightened to 2.4 months (down from 2.6 , excluding UCB/CCBS), and active listings held essentially flat (879 → 878 ). Pending listings jumped (176 → 204 ) and contracts climbed (351 → 376 ). Sales per month moved from 272 to 294 and sold DOM improved sharply to 55 days (from 65 ). Median monthly sold price pulled back from $599,950 to $590,000 - a modest dip, not a trend. The Cromford® Market Index slipped from 121.7 to 119.5 , just under the 120 threshold, but Gilbert is still a seller's market.
Median sold price (monthly sales)
$590,000 DOWN ($599,950 → $590K)
Inventory (months of supply, excl. UCB)
2.4 mo TIGHTER (2.6 → 2.4)
Speed (DOM, sold)
55 days FASTER (65 → 55)
Negotiation (avg sale price % of list)
97.86% LOOSER (98.02% → 97.86%)
Market call Market: SELLER'S MARKET - MODERATE CONDITIONS
Seller's market because Cromford® Market Index is 119.5 (above 100 = seller-leaning). CMI dipped just below 120, but supply at 2.4 months is tight and buyer activity is accelerating. Buyers are closing at 97.86% of list price - there's room to negotiate, but not much.
Quick pulse vs last month (4/14 → 5/14 879 → 878 , pending 176 → 204 , under contract 351 → 376 , and sales/month 272 → 294 .
Pricing per sq ft: Active list $/SF $323.43 → $321.43; Monthly sold $/SF $290.21 → $294.19; Under contract $/SF $298.15 → $313.32.
Buyer standings - May 2026 (what to do) Negotiation exists but it's limited: Sale-to-list is 97.86% - about 2% under ask on average. Don't count on big concessions on well-priced homes.Know the $/SF reality: Active listings average $321.43/SF ; monthly sold is $294.19/SF . If a listing is priced significantly above closed comps per sq ft, that's where you have a conversation.Speed is picking up: Sold DOM dropped to 55 days from 65 last month. The market is moving faster heading into summer - don't sit on a home you like.Under-contract $/SF is rising: It moved from $298.15 to $313.32 month-over-month - buyers who are winning deals right now are paying closer to list than you might expect.For the full local breakdown, bookmark the Gilbert market hub - bookmark the Gilbert market hub and come back when you're ready to move.
Seller standings - May 2026 (what matters) Gilbert is still a seller's market: CMI is 119.5 and supply is 2.4 months . The CMI slipped from 121.7 - conditions are easing slightly, which makes pricing discipline more important, not less.Sale-to-list held strong: 97.86% means buyers are paying close to ask. Overpricing still costs you time and momentum.Listing success rate: 80.3% - down slightly from 81.0% . About four in five listings in Gilbert are successfully closing. The ones that aren't are mostly pricing issues.Buyer activity is accelerating: Pending listings up 176 → 204 , under contract up 351 → 376 , sales/month up 272 → 294 . Demand is there - sellers who price right are meeting it.Notes & FAQ This is a rolling daily snapshot (today vs the same date last month), using Gilbert single-family detached metrics from the Cromford® Daily Market Snapshot. Designed to answer "where do buyers and sellers stand right now?" without waiting for month-end reporting.
Quick definitions: Months of supply = how much is for sale, DOM = how long it takes, sale-to-list = how much people negotiate, $/SF = price per square foot.
What is Gilbert's housing inventory right now?
About 2.4 months of supply (excluding UCB/CCBS) as of 5/14/26
Are buyers negotiating in Gilbert?
Slightly - average sale-to-list is 97.86% as of 5/14/26
Is Gilbert a buyer's market or seller's market right now?
Seller's market. Cromford® Market Index is 119.5 as of 5/14/26 2.4 months .
What is the median home price in Gilbert AZ in 2026?
Median monthly sold price for single-family detached homes in Gilbert is $590,000 as of May 14, 2026
Open: Gilbert daily snapshot table (Today vs last month vs last quarter vs last year vs 2 years ago) Gilbert Daily Market Snapshot - Single Family Detached Metric Today (5/14/26 ) Last month (4/14/26 ) Last quarter (2/14/26 ) Last year (5/14/25 ) 2 years ago (5/14/24 ) Active listings 878 879 697 957 564 UCB & CCBS listings 172 175 152 172 153 Active listings excl. UCB 706 704 545 785 411 Pending listings 204 176 157 208 188 Listings under contract 376 351 309 380 341 Sales per month 294 272 179 276 286 Sales per year 3,043 3,012 3,001 2,734 2,770 Days on market (sold) 55 65 77 61 48 Days on market (active) 67 65 71 65 51 Days inventory excl. UCB 85 86 66 105 54 Months of supply (excl. UCB) 2.4 2.6 3.0 2.8 1.4 Active listings $/SF $321.43 $323.43 $332.78 $313.34 $328.24 Under contract $/SF $313.32 $298.15 $315.62 $300.70 $307.88 Monthly sales $/SF $294.19 $290.21 $300.35 $291.24 $290.84 Annual sales $/SF $288.13 $287.85 $287.92 $293.74 $280.48 Appreciation - monthly $/SF 1.0% -1.9% 2.6% 0.1% 6.4% Appreciation - annual $/SF -1.9% -2.0% -1.7% 4.7% 0.0% Appreciation - monthly median -3.9% -1.8% 0.7% 2.3% 5.3% Appreciation - annual median -2.6% -1.7% -1.3% 2.5% 2.6% Avg sale price % of list 97.86% 98.02% 97.56% 98.22% 98.41% Annual change supply -10.1% -9.9% -1.8% 91.0% 38.4% Annual change sales rate -100.0% -1.0% -4.7% -8.3% -0.1% Annual change under contract -1.1% 7.3% 7.7% 11.4% -10.7% Listing success rate 80.3% 81.0% 74.9% 74.0% 87.7% Monthly dollar volume $212M $189M $128M $194M $205M Annual dollar volume $2,096M $2,071M $2,073M $1,948M $1,855M Average price (monthly sales) $720,804 $693,026 $715,343 $701,686 $718,440 Average price (annual sales) $688,920 $687,567 $690,663 $712,417 $669,761 Median price (monthly sales) $590,000 $599,950 $574,000 $613,750 $600,000 Median price (annual sales) $589,000 $590,000 $592,000 $604,950 $590,000 Average SF (monthly sales) 2,450 2,388 2,382 2,409 2,470 Average SF (annual sales) 2,391 2,389 2,399 2,425 2,388 Contract ratio 53.3 49.9 56.7 48.4 83.0 Cromford Supply Index 74.8 68.1 53.6 78.7 41.6 Cromford Demand Index 89.4 82.8 76.7 77.8 71.9 Cromford Market Index 119.5 121.7 143.2 98.9 173.0
Note: months of supply reported excluding UCB/CCBS inventory.
Disclaimer (method): This post uses the Cromford® Daily Market Snapshot for Gilbert single-family detached homes, comparing 5/14/26 4/14/26
