Keller Williams Coastal Estates' Market Report

Gilroy, CA

Single-Family Homes

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



Gilroy, CA

Thu Sep 21 2023
This week the median list price for Gilroy, CA is $1,337,499 with the market action index hovering around 58. This is less than last month's market action index of 64. Inventory has increased to 46. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Gilroy, CA

Thu Sep 21 2023
This week the median list price for Gilroy, CA is $1,337,499 with the market action index hovering around 58. This is less than last month's market action index of 64. Inventory has increased to 46. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Gilroy market.
Median List Price $1,337,499
Median Price of New Listings $1,060,000
Per Square Foot $531
Average Days on Market 45
Median Days on Market 21
Price Decreased 30%
Price Increased 4%
Relisted 11%
Inventory 46
Median Rent
Market Action 58
Strong Seller's Market

This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.

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
$2,179,000 3,000 5 - 10 acres 4 3 36 1 0 28
$1,499,500 3,230 6,500 - 8,000 sqft 4 3.5 23 3 2 35
$1,154,950 2,408 6,500 - 8,000 sqft 4 3 37 3 2 28
$849,949 1,416 4,500 - 6,500 sqft 3 2 45 7 5 0