Keller Williams Coastal Estates' Market Report

Gilroy, CA

Single-Family Homes

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



Gilroy, CA

Sat Jun 12 2021
This week the median list price for Gilroy, CA is $1,125,000 with the market action index hovering around 86. This is an increase over last month's market action index of 85. Inventory has increased to 43. 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 started cooling and prices have recently plateaued. Since 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

Sat Jun 12 2021
This week the median list price for Gilroy, CA is $1,125,000 with the market action index hovering around 86. This is an increase over last month's market action index of 85. Inventory has increased to 43. 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 started cooling and prices have recently plateaued. Since 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 $1,125,000
Median Price of New Listings $1,092,499
Per Square Foot $464
Average Days on Market 118
Median Days on Market 7
Price Decreased 16%
Price Increased 2%
Relisted 7%
Inventory 43
Median Rent $3,500
Market Action 86
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
$2,749,999 4,370 2.5 - 5 acres 5 4 19 1 1 45
$1,359,000 2,859 0.25 - 0.5 acre 4 3 22 5 4 7
$998,000 2,333 4,500 - 6,500 sqft 4 3 18 5 3 7
$798,000 1,524 4,500 - 6,500 sqft 3 2 31 5 7 7