Gilbert • Arizona • Market Updates Gilbert Housing Market October 2026 Gilbert, AZ — city-level snapshot for single-family detached homes, refreshed against the same date last month.
What’s happening in the Gilbert housing market right now? As of October 17, 2026 , Gilbert is balanced : 3.5 months of supply (excluding UCB/CCBS), median monthly sold price $585,360 , days on market (sold) 50 days, and an average sale-to-list of 97.34% . The Cromford® Market Index is 96.1 , down from 107.1 last month, and most of the move came off the demand side.
$585,360
UP
Median sold price
3.5 mo
MORE SUPPLY
Months of supply (excl. UCB)
50 days
FASTER
Days on market (sold)
97.34%
FLAT
Avg sale price % of list
Written by Andrea Scheppe , Phoenix native and full-time, award-winning REALTOR® with HomeSmart Elite, Valley Solutions Team.
Gilbert reality check: The median held at $585,360 , only $360 above last month’s $585,000. Under it, the mix of sales changed. The average sold price rose from $685,720 to $729,141 and average sold size rose from 2,391 to 2,461 SF while sold $/SF held ($278.49 → $278.64 ), so larger, higher-priced homes closed at the same per-foot price. The weakness is in demand. Sales per month fell from 263 to 226 , pending fell from 156 to 130 , listings under contract fell from 276 to 232 , and the contract ratio dropped from 38.1 to 29.1 . Active listings excluding UCB rose from 725 to 797 , which moved months of supply from 2.8 to 3.5 . Sold days on market improved to 50 from 58.
What this means Negotiation Homes are selling for about 97.34% of list price, roughly 2.66% under asking on average, or about $15,571 on a median-priced Gilbert home. That is close to last month’s 97.30%.
How much is for sale Inventory is 3.5 months (excluding UCB/CCBS), looser than last month’s 2.8 and a year ago’s 2.2. Active listings excluding UCB are up 26.5% against a year ago at 797 .
How long it takes Recently-sold homes took a median of 50 days to sell, down from 58 last month; active listings sit at a median of 53 days , unchanged from last month.
Pricing reality ($/SF) Monthly sold $/SF is $278.64 while active list $/SF is $282.12 . That is a $3.48 spread, down from $4.21 last month. Asking and closing prices sit close together in Gilbert, so the per-foot negotiating room is small.
Market call: balanced, demand pulled back Balanced because the Cromford® Market Index is 96.1 , inside the 90 to 109 range where neither side holds a clear edge, and near the lower end of it. The 11.0-point drop from 107.1 came mostly from demand: the Demand Index fell from 79.3 to 73.8 while the Supply Index rose from 74.1 to 76.8 . A year ago the index read 116.0. Every one of the nine cities I track saw its index fall this month.
Sale-to-list held at 97.34% , so pricing discipline did not break. What did change is the pipeline: listings under contract are 232 against 276 last month, and the contract ratio is 29.1 against 38.1 last month and 38.6 a year ago. Under-contract $/SF fell to $281.92 from $291.27, so the contracts written this month carry a lower per-foot price. The listing success rate edged up to 72.4% from 72.1%.
Quick pulse vs last month (9/17 → 10/17): active listings 845 → 899 , pending 156 → 130 , under contract 276 → 232 , sales/month 263 → 226 .
Pricing per sq ft: active list $/SF $282.70 → $282.12 ; monthly sold $/SF $278.49 → $278.64 ; under contract $/SF $291.27 → $281.92 .
Buyer standings — October 2026 More to choose from. Active listings excluding UCB are 797 , up from 725 last month and up 26.5% from a year ago. Supply is 3.5 months .Expect modest negotiation. Sale-to-list is 97.34% , about 2.66% under ask, or roughly $15,571 on a $585,360 home.Fewer buyers are bidding. The Demand Index fell to 73.8 from 79.3 and pending dropped to 130 from 156. Less competition for the homes you want.The per-foot gap is small. Active list is $282.12/sf against monthly sold $278.64/sf , a $3.48 spread. With little cushion per foot, lean on days on market and listing history rather than assuming a discount.Seller standings — October 2026 Your buyer pool is thinner. Sales per month fell to 226 from 263, and they are down 19.9% from 282 a year ago. Pending fell to 130 from 156.Competition grew. Active listings excluding UCB rose to 797 from 725, and months of supply is 3.5 .Price to the closing market. Buyers closed around $278.64/sf while active listings average $282.12/sf . Under-contract $/SF fell to $281.92 from $291.27, so pricing above recent closings is the harder sell this month.Seven in ten listings close. The listing success rate is 72.4% , up from 72.1%. Sold days on market improved to 50 from 58, so listings priced right are still moving.Gilbert daily market snapshot — single family detached Metric Today Last Month Last Quarter Last Year Two Years Ago Active listings 899 845 868 732 704 UCB & CCBS listings 102 120 124 102 108 Active listings excl. UCB 797 725 744 630 596 Pending listings 130 156 161 141 132 Listings under contract 232 276 285 243 240 Sales per month 226 263 286 282 222 Sales per year 2,985 3,041 3,066 2,928 2,708 Days on market (sold) 50 58 42 57 43 Days on market (active) 53 53 55 60 46 Days inventory excl. UCB 97 87 89 79 80 Months of supply (excl. UCB) 3.5 2.8 2.6 2.2 2.7 Active listings $/SF $282.12 $282.70 $287.06 $286.06 $288.11 Under contract $/SF $281.92 $291.27 $292.32 $281.49 $291.99 Monthly sales $/SF $278.64 $278.49 $282.09 $282.80 $283.76 Annual sales $/SF $280.49 $280.80 $281.02 $283.15 $285.52 Appreciation – monthly $/SF -1.5% -0.5% 0.7% -0.3% 2.6% Appreciation – annual $/SF -0.9% -0.9% -0.8% -0.8% 5.7% Appreciation – monthly median 1.3% 1.7% 2.1% -3.6% 0.0% Appreciation – annual median 0.2% -0.3% -1.7% -0.8% 6.2% Avg sale price % of list 97.34% 97.30% 98.06% 97.89% 97.52% Annual change supply 26.5% 15.8% -1.3% 5.7% 109.9% Annual change sales rate -19.9% -3.3% 3.2% 27.0% 8.8% Annual change under contract -4.5% -12.4% 0.4% 1.2% 3.9% Listing success rate 72.4% 72.1% 75.1% 75.2% 74.2% Monthly dollar volume $165M $180M $201M $190M $156M Annual dollar volume $2,096M $2,121M $2,127M $2,038M $1,905M Average price (monthly sales) $729,141 $685,720 $704,238 $672,161 $704,493 Average price (annual sales) $702,335 $697,545 $693,594 $696,028 $703,478 Median price (monthly sales) $585,360 $585,000 $609,500 $578,000 $599,500 Median price (annual sales) $596,000 $595,000 $590,000 $595,000 $600,000 Average SF (monthly sales) 2,461 2,391 2,442 2,371 2,416 Average SF (annual sales) 2,411 2,404 2,398 2,406 2,413 Contract ratio 29.1 38.1 38.3 38.6 40.3 Cromford® Supply Index 76.8 74.1 77.1 65.5 56.8 Cromford® Demand Index 73.8 79.3 82.5 76.0 60.3 Cromford® Market Index 96.1 107.1 107.0 116.0 106.0
Notes & FAQ What is Gilbert’s housing inventory right now? About 3.5 months of supply (excluding UCB/CCBS) as of 10/17/26, up from 2.8 last month.
Are buyers negotiating in Gilbert? Yes, modestly: sale-to-list is 97.34% as of 10/17/26, about 2.66% under asking.
Is Gilbert a buyer’s market or seller’s market right now? Neither clearly. The Cromford® Market Index is 96.1 as of 10/17/26, inside the balanced range.
What is the median home price in Gilbert AZ in 2026? The median monthly sold price for Gilbert single-family detached homes is $585,360 as of October 17, 2026, and the annual median is $596,000, based on Cromford® Daily Market Snapshot data.
Nearby cities and sources This is a rolling daily snapshot (today vs the same date last month), using Gilbert single-family detached resale activity in the Arizona Regional MLS. Starting this month, Cromford® reports days on market and price per square foot as medians instead of averages, so those figures will not match last month’s post. Every comparison in this update uses the new method on both dates.
Nearby markets: Chandler Mesa Queen Creek
Disclaimer & source: The Cromford® Report daily market snapshot and commentary. Andrea Scheppe is licensed in Arizona. This update is information, not advice for a specific property.
Thinking of buying or selling in Gilbert? I can walk you through what these numbers mean for your budget, your street and your timeline — as a Phoenix native and full-time, award-winning REALTOR®.
