Arizona Real Estate Boom: Gilbert’s Home Prices Skyrocket Amidst National Growth

Arizona Real Estate Boom: Gilbert’s Home Prices Skyrocket Amidst National Growth

The housing market has been on a wild ride over the past five years, with home prices surging across the country. According to a recent StorageCafe report, states like Idaho, Utah, and Arizona have seen some of the most significant home value increases. But what does this mean for homebuyers and sellers in Gilbert, Arizona? Let’s dive into the latest trends and why Gilbert remains a top real estate hotspot in 2025.

Arizona Ranks Among the Fastest-Growing Housing Markets

Between 2017 and 2022, Arizona home prices soared by 48%, ranking third nationwide for the biggest five-year increases. A combination of rapid population growth, strong job markets, and high demand for housing has fueled this surge. Cities like Phoenix, Scottsdale, and Gilbert have experienced massive growth, with more buyers flocking to the area for its affordability compared to neighboring states like California.

Gilbert, Arizona: A Local Market on Fire

As one of the most desirable suburbs in Metro Phoenix, Gilbert has experienced explosive real estate appreciation. Here’s a snapshot of the current market:

• Average Home Value: $571,870 (up 1.0% over the past year)
• Median Sale Price: $566,667
• Days on Market: 35 days
• Inventory Trends: Low supply, high competition

(Source: Zillow)

Gilbert’s top-rated schools, safe neighborhoods, and family-friendly amenities continue to attract new residents, pushing home values higher. Buyers are competing for limited inventory, leading to multiple offer situations and rising prices.

Why Are Home Prices in Gilbert Rising?

Several factors contribute to Gilbert’s booming real estate market, including:

✔ Job Growth & Economy – Major employers in technology, healthcare, and aerospace have expanded in Gilbert, drawing in professionals and families.
✔ Strong Demand from Out-of-State Buyers – Many relocating from California, Washington, and Illinois are fueling demand for homes.
✔ Limited Inventory – Housing supply hasn’t kept up with demand, keeping the market competitive.
✔ Quality of Life – With its parks, shopping, restaurants, and excellent schools, Gilbert consistently ranks among the best places to live in Arizona.

Is Now a Good Time to Buy or Sell in Gilbert?

If you're thinking of selling your home in Gilbert, now could be a prime opportunity. Low inventory and strong demand mean sellers can often receive top dollar for their properties.

For buyers, while prices are rising, interest rates and market conditions may shift in the coming months. Working with a knowledgeable local real estate expert can help navigate negotiations, competitive offers, and investment opportunities.

Final Thoughts: Gilbert’s Market Remains Strong in 2025

As one of the fastest-growing housing markets in Arizona, Gilbert continues to see rising property values, strong buyer demand, and a thriving local economy. Whether you’re looking to buy, sell, or invest, staying informed about local real estate trends is key.

📩 Thinking about making a move in Gilbert, Arizona? Contact us today to discuss your real estate goals!