Gilbert Homes under $400,000

Gilbert Homes under $400,000

Our website features the best real estate search for homes, condos, land and foreclosure properties available in Gilbert and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes. 

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire. 

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Contact us today to find out how we can be of assistance to you!

Newest Gilbert Homes under $400,000

1419 N Thunderbird Avenue, Gilbert
$395,000
3 Beds ⋅ 2 Baths ⋅ 7090588 MLS ⋅ 1,363 SqFt.
SHORT SALE OPPORTUNITY. This property is currently being professionally negotiated as a short sale. Buyers and agents should REVIEW THE SHORT SALE INFORMATION DOCUMENT posted under the MLS Documents tab for important information regarding the process, timelines and offer requirements. For buyers willing to bring their vision, this single-level Gilbert home offers an opportunity to update and personalize a property with several meaningful improvements already completed. The 3-bedroom, 2-bath layout features an open great room, eat-in kitchen, generous storage and an exceptionally spacious primary suite with a walk-in closet. One of the home's biggest advantages is outside. Situated on the largest lot in the community, the oversized backyard provides significantly more usable space than typically found in the neighborhood, with plenty of room to create an outdoor entertaining area, play space, garden or other backyard retreat. Several higher-cost items and interior updates have already been addressed, including the AC replaced in 2021, water heater and primary closet improvements in 2020, kitchen countertops and bathroom vanities in 2022, and garage door opener in 2022. The remaining opportunity is largely cosmetic, making this an appealing option for a buyer who wants to build equity and make the home their own without starting from scratch. Located in Gilbert's Carriage Lane community with convenient access to shopping, dining, parks and the surrounding East Valley, plus Gilbert Unified schools.

1419 N Thunderbird Avenue, Gilbert

4063 E Milky Way, Gilbert
$390,000
3 Beds ⋅ 3 Baths ⋅ 7087265 MLS ⋅ 1,500 SqFt.
Welcome to 4063 E Milky Way, a beautifully maintained 3-bedroom, 2.5-bath home offering approximately 1,500 SF of functional living space and an open, inviting layout in Gilbert's desirable Willows community. The interior features upgraded tile flooring throughout the main living areas and bathrooms, along with upgraded ceiling fans and fixtures that add a stylish touch throughout the home. The spacious kitchen is designed for both everyday living and entertaining, featuring upgraded quartz countertops, an abundance of beautiful cabinetry, stainless steel appliances including the refrigerator, and a convenient pantry. The generously sized primary suite offers a spacious bathroom with dual sinks, a relaxing French soaking tub, separate walk-in shower, and a large walk-in closet. Two additional bedrooms provide comfortable space for family, guests, or a home office. The 2-car garage includes overhead storage racks for added functionality and storage. Out back, enjoy a low-maintenance outdoor space with a patio that's perfect for a BBQ, sitting area, and relaxing Arizona evenings. The Willows offers an outstanding community lifestyle with two resort-style pools and spas, neighborhood parks, green spaces, playgrounds/tot lots, and walking and biking paths throughout. Conveniently located near schools, shopping, dining, entertainment, parks, and major roadways, this move-in-ready Gilbert home offers the ideal combination of upgrades, functionality, community amenities, and location!

4063 E Milky Way, Gilbert

Start Your Search

Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

How much is your home worth?

Get instant property value now!