April 2026
Sales Market
Active Listings: 819 (-2.7% YoY)
→ Inventory remains slightly below last year’s levels, keeping supply relatively constrained despite the spring inventory build.
Median Sold $/SF: $276.29 (-3.5% YoY)
→ Home prices remain modestly below last year, suggesting continued pricing pressure even in one of the Valley’s stronger submarkets.
Average Days on Market: 41 (No Change YoY)
→ Homes are selling at virtually the same pace as last year, signaling a stable and healthy level of buyer activity.
30-Year Mortgage Rate: 6.35%
→ Mortgage rates improved from March, offering buyers a modest affordability boost heading deeper into the spring market.
Rental Market
Active Listings: 150 (+0.7% YoY)
→ Rental inventory is essentially flat compared to last year, indicating a relatively balanced supply environment.
Median Rented $/SF: $1.33 (No Change YoY)
→ Rental pricing held steady year-over-year, suggesting equilibrium between renter demand and available inventory.
Median Days on Market: 25 (+2.0% YoY)
→ Rentals are leasing at nearly the same speed as last year, pointing to continued healthy renter demand.
Key Takeaways
- Sales inventory remains slightly below last year, keeping supply relatively tight
- Home pricing is still under mild pressure, though not seeing dramatic declines
- Buyer demand appears stable with homes selling at the same pace as last year
- Rental inventory and pricing are both remarkably stable
- Gilbert continues to show balanced conditions on both the sales and rental side
- Lower mortgage rates may help support continued spring activity
Overall
Gilbert’s April market looks notably balanced compared to many surrounding submarkets. The sales market remains healthy, with relatively tight inventory and steady buyer activity, even as home prices remain slightly below last year’s levels. The rental market is equally stable, with flat pricing, balanced inventory, and quick leasing timelines. Overall, Gilbert continues to stand out as one of the Valley’s more resilient and steady markets.