Intero's Market Report

Gilroy, CA

Single-Family Homes



Gilroy, CA

Mon Jun 21 2021
This week the median list price for Gilroy, CA is $1,099,499 with the market action index hovering around 79. This is less than last month's market action index of 85. Inventory has increased to 62. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Gilroy, CA

Mon Jun 21 2021
This week the median list price for Gilroy, CA is $1,099,499 with the market action index hovering around 79. This is less than last month's market action index of 85. Inventory has increased to 62. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Gilroy market.
Median List Price $1,099,499
Median Price of New Listings $994,499
Per Square Foot $475
Average Days on Market 89
Median Days on Market 7
Price Decreased 13%
Price Increased 2%
Relisted 5%
Inventory 62
Median Rent $3,380
Market Action 79
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,988,888 4,283 1 - 2.5 acres 5 4 22 1 1 49
$1,248,888 2,783 8,000 - 10,000 sqft 4 3 15 5 0 7
$992,000 2,178 4,500 - 6,500 sqft 3 3 19 5 0 7
$799,974 1,513 6,500 - 8,000 sqft 3 2 44 5 2 7