Market Report - The Brasil Group

Gilroy, CA

Condos/Townhomes

The Brasil Group | info@theBrasilGroup.com



Gilroy, CA

Thu Sep 21 2023
This week the median list price for Gilroy, CA is $722,475 with the market action index hovering around 46. This is less than last month's market action index of 60. Inventory has increased to 10. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Thu Sep 21 2023
This week the median list price for Gilroy, CA is $722,475 with the market action index hovering around 46. This is less than last month's market action index of 60. Inventory has increased to 10. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $722,475
Median Price of New Listings $0
Per Square Foot $469
Average Days on Market 31
Median Days on Market 28
Price Decreased 10%
Price Increased 0%
Relisted 0%
Inventory 10
Median Rent
Market Action 46
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
$884,044 2,027 0 - 4,500 sqft 3 3 0 0 0 42
$788,915 1,498 0 - 4,500 sqft 2 2.5 0 0 0 52
$699,950 1,645 0 - 4,500 sqft 2 2.5 38 0 0 14
$489,950 908 0 - 4,500 sqft 2 1 43 0 0 21