January 2026 shows continued normalization in the Gilbert market, with inventory shifting, pricing softening slightly year-over-year, and homes taking longer to move.
🏡 Sales Market – January 2026
- Active Listings: 595
(-3.9% YoY) - Median Sold $/SF: $281.79
(-2.5% YoY) - Average Days on Market: 68
(+11.5% YoY) - 30-Year Mortgage Rate: 6.11%
What It Means
- Inventory is slightly lower than this time last year — a notable shift after much of 2025 saw strong inventory growth.
- Pricing remains modestly below last year but relatively stable compared to mid-2025 softness.
- Homes are taking longer to sell, signaling continued buyer leverage.
- If rates continue easing, spring demand could tighten this segment quickly.
🏘 Rental Market – January 2026
- Active Rental Listings: 193
(+14.9% YoY) - Median Rented $/SF: $1.23
(-3.1% YoY) - Median Days on Market: 47
(+27% YoY)
What It Means
- Rental inventory remains elevated compared to last year.
- Rents continue modest downward pressure.
- Leasing timelines have stretched materially — strong pricing strategy and fast turns are critical.
- Well-positioned properties are still leasing, but condition and marketing matter more than ever.
Bottom Line
Gilbert remains stable but competitive.
Sales inventory is slightly tighter year-over-year, but buyers still have negotiating room. Rental supply remains elevated, with continued softness in pricing and longer lease-up timelines.
Heading into spring 2026, watch mortgage rates and contract activity closely — demand could return quickly if rates continue trending downward.