Gilbert • Arizona • Market Updates Gilbert Housing Market September 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 September 10, 2026 , Gilbert is balanced : 2.8 months of supply (excluding UCB/CCBS), median monthly sold price $590,000 , days on market (sold) 76 days, and an average sale-to-list of 97.31% . The Cromford® Market Index is 108.3 , down from 109.5 last month, and the move came off the demand side.
$590,000
DOWN
Median sold price
2.8 mo
FLAT
Months of supply (excl. UCB)
76 days
SLOWER
Days on market (sold)
97.31%
SOFTER
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 fell ($603,000 → $590,000 ) while the average sold price rose ($693,545 → $698,063 ) and sold $/SF held steady ($288.03 → $288.96 ). Average sold size barely moved (2,408 → 2,416 SF ), so size mix does not explain the median drop — what changed is the shape of the sales, with more at the top end pulling the average up while the middle came down. Closings edged up (257 → 261 ) and inventory edged down (861 → 834 ), leaving months of supply unchanged at 2.8 . The pipeline is where the weakness shows: listings under contract fell (293 → 266 ) and the contract ratio dropped from 40.5 to 36.8. Sold days on market jumped nine days to 76 .
What this means Negotiation Homes are selling for about 97.31% of list price, roughly 2.69% under asking on average, or about $15,860 on a median-priced Gilbert home. Slightly softer than last month’s 97.48%.
How much is for sale Inventory is 2.8 months (excluding UCB/CCBS), unchanged from last month, and looser than last September’s 2.3. Active listings excluding UCB are up 14.1% against a year ago.
How long it takes Recently-sold homes averaged 76 days on market, up from 67 last month; active listings average 77 days . Those two numbers have converged.
Pricing reality ($/SF) Monthly sold $/SF is $288.96 while active list $/SF is $322.13 . That is a $33.17 spread, up from $34.69 last month. Asking prices are running well ahead of what Gilbert buyers actually paid.
Market call: balanced, demand eased Balanced because the Cromford® Market Index is 108.3 , inside the 90-110 range where neither side holds a clear edge. The 1.2-point slip from 109.5 came off the demand side: the Demand Index fell from 82.5 to 80.1 while the Supply Index also tightened (75.3 → 74.0). Both moves are small. Gilbert has sat within a few points of 110 for a year now. It was 110.1 last September.
What moved more than the index did: listings under contract fell 15.3% against a year ago, and the contract ratio dropped to 36.8 from 49.6 last September. Under-contract $/SF rose to $317.56 from $311.66, so the contracts being written are at stronger per-foot pricing even as there are fewer of them. The listing success rate improved to 73.7% from 71.6%.
Quick pulse vs last month (8/6 → 9/10): active listings 861 → 834 , pending 156 → 154 , under contract 293 → 266 , sales/month 257 → 261 .
Pricing per sq ft: active list $/SF $322.72 → $322.13 ; monthly sold $/SF $288.03 → $288.96 ; under contract $/SF $311.66 → $317.56 .
Buyer standings — September 2026 The per-foot gap is the story. Active list is $322.13/sf against monthly sold $288.96/sf , a $33.17 spread. Sellers are asking well above what Gilbert buyers actually paid in September.Expect real negotiation. Sale-to-list is 97.31% , about 2.69% under ask, or roughly $15,860 on a $590,000 home. That is the softest sale-to-list of the East Valley markets I track, though Scottsdale runs softer still at 96.10%.Time is on your side. Sold days on market rose to 76 and active listings average 77 days . A listing that has been sitting six weeks is worth an offer.Inventory is up year over year. Active listings excluding UCB are 14.1% higher than last September at 722 . You have more to choose from than buyers did a year ago.Seller standings — September 2026 Price to the closing market. Buyers closed around $288.96/sf while active listings average $322.13/sf . An asking price built on that $33.17 premium will sit.The middle of the market softened. The median fell to $590,000 from $603,000 while the average rose to $698,063 . Sold size was flat, so this is not a size-mix effect — mid-priced Gilbert homes took the hit.Your buyer pool is thinner. Listings under contract fell to 266 from 293, and the contract ratio is 36.8 against 49.6 a year ago.Roughly 3 in 4 listings close. The listing success rate is 73.7% , up from 71.6% last month. Bookmark the Gilbert market hub below and check it before you set a price.Gilbert daily market snapshot — single family detached Metric Today Last Month Last Quarter Last Year Two Years Ago Active listings 834 861 909 778 642 UCB & CCBS listings 112 137 143 145 100 Active listings excl. UCB 722 724 766 633 542 Pending listings 154 156 181 169 156 Listings under contract 266 293 324 314 256 Sales per month 261 257 330 274 211 Sales per year 3,042 3,055 3,053 2,870 2,673 Days on market (sold) 76 67 54 70 58 Days on market (active) 77 77 69 82 61 Days inventory excl. UCB 87 87 92 81 74 Months of supply (excl. UCB) 2.8 2.8 2.3 2.3 2.6 Active listings $/SF $322.13 $322.72 $322.31 $319.52 $306.88 Under contract $/SF $317.56 $311.66 $313.20 $284.62 $305.53 Monthly sales $/SF $288.96 $288.03 $306.72 $284.59 $294.88 Annual sales $/SF $290.00 $289.61 $289.08 $290.48 $289.85 Appreciation – monthly $/SF 1.5% 0.3% 6.1% -3.5% 6.8% Appreciation – annual $/SF -0.2% -0.6% -1.3% 0.2% 7.2% Appreciation – monthly median 1.5% 2.4% 3.3% 2.9% -3.9% Appreciation – annual median -1.1% -1.5% -1.7% -0.2% 6.2% Avg sale price % of list 97.31% 97.48% 97.91% 97.23% 98.33% Annual change supply 14.1% -1.6% -4.4% 16.8% 93.6% Annual change sales rate -2.7% 4.1% 0.6% 16.1% 6.6% Annual change under contract -15.3% -2.3% -1.8% 22.7% 14.3% Listing success rate 73.7% 71.6% 81.5% 74.9% 80.2% Monthly dollar volume $182M $178M $255M $185M $141M Annual dollar volume $2,118M $2,121M $2,116M $2,011M $1,872M Average price (monthly sales) $698,063 $693,545 $772,669 $673,968 $669,257 Average price (annual sales) $696,275 $694,122 $692,933 $700,524 $700,183 Median price (monthly sales) $590,000 $603,000 $620,000 $581,500 $565,000 Median price (annual sales) $592,400 $590,000 $590,000 $599,000 $600,000 Average SF (monthly sales) 2,416 2,408 2,519 2,368 2,270 Average SF (annual sales) 2,401 2,397 2,397 2,412 2,416 Contract ratio 36.8 40.5 42.3 49.6 47.2 Cromford® Supply Index 74.0 75.3 76.7 70.4 52.5 Cromford® Demand Index 80.1 82.5 87.7 77.4 59.8 Cromford® Market Index 108.3 109.5 114.4 110.1 114.0
Notes & FAQ What is Gilbert’s housing inventory right now? About 2.8 months of supply (excluding UCB/CCBS) as of 9/10/26, unchanged from last month.
Are buyers negotiating in Gilbert? Yes, modestly: sale-to-list is 97.31% as of 9/10/26, about 2.69% under asking.
Is Gilbert a buyer’s market or seller’s market right now? Neither clearly. The Cromford® Market Index is 108.3 as of 9/10/26, 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 $590,000 as of September 10, 2026, and the annual median is $592,400, 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.
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®.
