Keller Williams Coastal Estates' Market Report

Gilroy, CA

Single-Family Homes

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



Gilroy, CA

Sun May 29 2022
This week the median list price for Gilroy, CA is $1,249,999 with the market action index hovering around 78. This is less than last month's market action index of 82. Inventory has increased to 64. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Gilroy, CA

Sun May 29 2022
This week the median list price for Gilroy, CA is $1,249,999 with the market action index hovering around 78. This is less than last month's market action index of 82. Inventory has increased to 64. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Gilroy market.
Median List Price $1,249,999
Median Price of New Listings $1,190,000
Per Square Foot $553
Average Days on Market 83
Median Days on Market 7
Price Decreased 11%
Price Increased 0%
Relisted 0%
Inventory 64
Median Rent
Market Action 78
Strong Seller's Market

Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.

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
$1,799,988 3,200 0.25 - 0.5 acre 4 4 5 3 1 14
$1,399,000 2,689 6,500 - 8,000 sqft 4 3 18 3 0 14
$1,001,250 2,055 6,500 - 8,000 sqft 3 3 45 7 1 7
$899,000 1,593 4,500 - 6,500 sqft 3 2.5 29 4 5 7