Homes under $300k in Gilbert, Arizona

by Cole Repp

Affordable Homes in Gilbert, Arizona Under $300,000

On-Market vs. Off-Market Opportunities

When it comes to finding affordable homes in Gilbert, Arizona, buyers are often surprised by the limited options available under $300,000. As housing prices continue to rise across the Phoenix metro area, many first time buyers and investors are wondering: Is it still possible to buy a home in Gilbert for less than $300,000? The answer is yes but only if you know where to look and work with the right people.

In this blog, we’ll break down:

What homes are currently available under $300,000 in Gilbert.
The difference between on market and off market deals.
Real life examples of how buyers are securing homes at deep discounts.
Why working with experienced local real estate professionals can save you from overpaying.

The Challenge of Buying a Home in Gilbert Under $300,000

Gilbert is one of the most desirable communities in Arizona, known for its family friendly neighborhoods, top rated schools, and growing business opportunities. Because of this, prices have steadily increased over the years, making affordable homes harder to find.

A quick search of the MLS (Multiple Listing Service) shows that homes priced below $300,000 are often limited to small condos, townhomes, or one-bedroom units. For example:

1-bedroom, 1-bath condos under 1,000 square feet.
2-bedroom, 2-bath townhomes that may only offer around 950 square feet.

While these options may work for singles, retirees, or minimalists, they aren’t always suitable for families or buyers who want the privacy of a detached home.

This is where off market properties become the game-changer.

What Are Off-Market Properties?

An off market property is a home that isn’t listed publicly on the MLS or major home search websites. These homes are often sold directly by the owner, through investors, or in situations where a quick sale is needed.

Common reasons sellers choose to go off-market include:

Foreclosure or pre-foreclosure: Owners need fast cash to avoid losing the home.
Inheritance or estates: Multiple heirs need to sell the property quickly.
Life changes: Divorce, relocation, or financial hardship often lead to off-market sales.
Homes in distress: Properties needing repairs may be harder to sell traditionally.

Because of these circumstances, buyers can often purchase these homes at significantly discounted prices compared to on market listings.

Real-Life Examples of Off-Market Deals in Gilbert

1. 1447 North Dana Street

This property was purchased by an LLC for $298,000 off market. While nearby homes were selling for $366,000, $440,000, and even higher, this buyer secured a deal well below market value.

The likely reason? The sellers needed a fast cash offer, possibly due to foreclosure, financial hardship, or inheritance. By working with an investor or experienced real estate professional, the buyer avoided competing with the open market and landed a huge discount.

2. 863 East Kyle Court

Another home in Gilbert was purchased off-market for just $162,000. Located near downtown Gilbert, this 1,600+ square foot home would easily sell for much more today.

In this case, the property likely came from an estate where the previous owner had passed away. With multiple heirs involved and the home in less than ideal condition, the family opted for a quick sale. For a savvy buyer, this was a rare opportunity to secure a large single-family home for well under $300,000.

Why Working with the Right Agent Matters

Here’s the truth: most buyers will never see off market opportunities unless they’re working with an agent who specializes in them. Many of these deals happen quietly, and investors or professionals who know the market often get first access.

A skilled agent can:

Connect you with off market inventory.
Negotiate the best possible cash offers.
Help you avoid overpaying in a competitive market.
Guide you through unique situations like foreclosure, estates, or distressed properties.

As mentioned in the video, some professionals see 20 - 30 off market deals every month, far more than the average buyer could find on their own.

Key Takeaway: Affordable Homes in Gilbert Still Exist

If you’re shopping under $300,000 in Gilbert, you’ll find that the MLS only shows small condos and townhomes. But if you’re willing to explore off market opportunities, you could land a spacious single family home in one of Arizona’s most desirable cities.

The key is partnering with a local expert who understands these deals, knows how to negotiate, and has access to properties you won’t see on Zillow or Realtor.com.

Final Thoughts

Buying a home in Gilbert, Arizona, under $300,000 isn’t impossible, it just requires the right strategy. While on market listings are limited to condos and attached homes, off market opportunities present the chance to buy spacious single family homes at deep discounts.

If you’re serious about finding affordable housing in Gilbert, make sure you: