Keller Williams Coastal Estates' Market Report

Gilroy, CA

Single-Family Homes

www.kwcoastalestates.com | frontdesk505@kw.com | 831.622.6200



Gilroy, CA

Sun Jan 29 2023
This week the median list price for Gilroy, CA is $1,038,250 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has decreased to 38. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Gilroy, CA

Sun Jan 29 2023
This week the median list price for Gilroy, CA is $1,038,250 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has decreased to 38. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Gilroy market.
Median List Price $1,038,250
Median Price of New Listings $962,425
Per Square Foot $528
Average Days on Market 124
Median Days on Market 49
Price Decreased 37%
Price Increased 3%
Relisted 13%
Inventory 38
Median Rent
Market Action 45
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
$1,998,000 4,039 0.5 - 1 acre 5 3 25 1 2 77
$1,199,000 2,417 6,500 - 8,000 sqft 4 3 35 0 2 77
$962,425 1,793 6,500 - 8,000 sqft 3 2.5 44 2 1 42
$787,000 1,388 4,500 - 6,500 sqft 3 2 35 1 2 45