Mary Pope-Handy's Market Report

Gilroy, CA

Single-Family Homes

Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



Gilroy, CA

Sun Mar 03 2024
This week the median list price for Gilroy, CA is $1,282,000 with the market action index hovering around 59. This is an increase over last month's market action index of 56. Inventory has decreased to 26. Click here to stay informed with the Gilroy market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Gilroy, CA

Sun Mar 03 2024
This week the median list price for Gilroy, CA is $1,282,000 with the market action index hovering around 59. This is an increase over last month's market action index of 56. Inventory has decreased to 26. Click here to stay informed with the Gilroy market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Gilroy market.
Median List Price $1,282,000
Median Price of New Listings $1,244,500
Per Square Foot $577
Average Days on Market 30
Median Days on Market 7
Price Decreased 8%
Price Increased 0%
Relisted 8%
Inventory 26
Median Rent
Market Action 59
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,557,000 3,512 2.5 - 5 acres 4 3.5 23 2 1 10
$1,573,500 2,453 0.5 - 1 acre 4 2.8 48 2 0 49
$1,099,000 2,318 6,500 - 8,000 sqft 4 3 46 2 3 7
$899,808 1,492 0 - 4,500 sqft 3 2.5 27 2 1 7