Keller Williams Coastal Estates' Market Report

Gilroy, CA

Single-Family Homes

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



Gilroy, CA

Mon Jun 05 2023
This week the median list price for Gilroy, CA is $1,198,000 with the market action index hovering around 58. This is less than last month's market action index of 61. Inventory has increased to 45. 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 been flat for several weeks. 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

Mon Jun 05 2023
This week the median list price for Gilroy, CA is $1,198,000 with the market action index hovering around 58. This is less than last month's market action index of 61. Inventory has increased to 45. 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 been flat for several weeks. 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 $1,198,000
Median Price of New Listings $1,146,900
Per Square Foot $537
Average Days on Market 67
Median Days on Market 35
Price Decreased 31%
Price Increased 2%
Relisted 4%
Inventory 45
Median Rent
Market Action 58
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
$2,698,888 3,523 5 - 10 acres 4 3.5 24 0 0 35
$1,450,000 3,191 0.25 - 0.5 acre 4 3 25 2 1 35
$1,049,000 2,241 6,500 - 8,000 sqft 4 3 42 3 3 28
$807,000 1,346 4,500 - 6,500 sqft 3 2.3 45 1 3 21