Market Report - The Brasil Group

Gilroy, CA

Single-Family Homes

The Brasil Group | info@theBrasilGroup.com



Gilroy, CA

Sun Jul 14 2024
This week the median list price for Gilroy, CA is $1,262,500 with the market action index hovering around 47. This is less than last month's market action index of 51. Inventory has increased to 66. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Sun Jul 14 2024
This week the median list price for Gilroy, CA is $1,262,500 with the market action index hovering around 47. This is less than last month's market action index of 51. Inventory has increased to 66. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $1,262,500
Median Price of New Listings $1,199,000
Per Square Foot $549
Average Days on Market 87
Median Days on Market 28
Price Decreased 36%
Price Increased 9%
Relisted 14%
Inventory 66
Median Rent
Market Action 47
Strong Seller's Market

The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.

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
$2,487,444 3,302 1 - 2.5 acres 4 3.5 25 1 1 38
$1,394,250 2,579 8,000 - 10,000 sqft 4 3 23 3 2 49
$1,199,000 2,182 6,500 - 8,000 sqft 4 3 31 5 4 21
$995,000 2,036 0 - 4,500 sqft 4 3 28 4 6 28