Is Gilbert’s Housing Market Cooling or Just Catching Its Breath?

A client asked me last week, “Kim, is Gilbert’s market slowing down?” It’s a fair question—and the answer isn’t as simple as yes or no.

Gilbert’s housing market in 2025 has been showing signs of change, but it’s not the kind of “slowdown” that means trouble. In May, the median sale price hovered around $567,000—just 1.2% lower than last year. Homes are taking a bit longer to sell, averaging 52 days on the market compared to 40 a year ago, and the average price per square foot has eased to about $287.

The big difference this year? Inventory. New listings in March were up nearly 46% from last year, giving buyers more homes to choose from. That means more negotiating power and a little less pressure to make an offer on day one. Still, not all homes sit—move-in ready, well-priced properties continue to draw serious interest. In fact, March saw the median sold price for single-family homes edge up to $615,000.

For sellers, the message is clear: you can still sell for top dollar, but your home needs to shine from the moment it hits the market. Competitive pricing and presentation matter more than ever.

Investors haven’t backed away either. Gilbert’s fundamentals—strong schools, growing job opportunities, and master-planned communities like Power Ranch, Agritopia, The Islands, and Seville—keep this market attractive. Add in the fact that over 68% of homes here have more than 50% equity, and you can see why prices remain steady despite more inventory.

This isn’t a crash—it’s a breather. Buyers finally have more choices, sellers can still achieve strong prices, and investors continue to see long-term value.

If you’re wondering what this market shift means for your next move, let’s connect and map out your best strategy.

Kim Carlson
Keller Williams Realty
480-993-9384
#MakeADifferenceTeam