Market Report - The Brasil Group
Gilroy, CA
Condos/Townhomes
The Brasil Group | info@theBrasilGroup.com
Gilroy, CA
Fri Jul 26 2024
This week the median list price for Gilroy, CA is $889,000 with the market action index hovering around 62. This is about the same as last month's market action index of 62. Inventory has decreased to 1.
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
| Median List Price | $889,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $438 | |
| Average Days on Market | 56 | |
| Median Days on Market | 56 | |
| Price Decreased | 100% | |
| Price Increased | 100% | |
| Relisted | 0% | |
| Inventory | 1 | |
| Median Rent | ||
| Market Action | 62 | |
| Strong Seller's Market | ||
Despite this week’s up tic, the market seems to have paused around this plateau. 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 |
|---|---|---|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| $889,000 | 2,027 | - | 3 | 4 | NaN | 0 | 0 | 56 |