Kapowich Real Estate Silicon Valley Reports

Gilroy, CA

Single-Family Homes

Pat Kapowich | 408.245.7700 | Pat@SiliconValleyBroker.com | Broker's License #00979413



Gilroy, CA

Sun Apr 14 2024
This week the median list price for Gilroy, CA is $1,475,808 with the market action index hovering around 60. This is an increase over last month's market action index of 59. Inventory has increased to 33. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Gilroy, CA

Sun Apr 14 2024
This week the median list price for Gilroy, CA is $1,475,808 with the market action index hovering around 60. This is an increase over last month's market action index of 59. Inventory has increased to 33. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Gilroy market.
Median List Price $1,475,808
Median Price of New Listings $1,749,000
Per Square Foot $568
Average Days on Market 29
Median Days on Market 21
Price Decreased 27%
Price Increased 0%
Relisted 3%
Inventory 33
Median Rent
Market Action 60
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
$2,570,000 3,789 0.5 - 1 acre 4 3.5 23 3 1 31
$1,624,500 2,961 8,000 - 10,000 sqft 4 3 25 3 3 21
$1,349,492 2,141 0.5 - 1 acre 3 2.3 50 0 3 21
$968,888 1,838 4,500 - 6,500 sqft 4 2.5 46 0 3 21