Is Gilroy, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gilroy is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Gilroy has remained a Seller's Market.

Key Takeaway

Gilroy is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Gilroy, CA cost?

Median Sold Price

$1,048,000

$523/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$97,750(+10.3%)

Key Takeaway

Homes in Gilroy have sold for 10.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $380K$462.5K
+21.7%
2 $605K$622.5K
+2.9%
3 $842.5K$922.5K
+9.5%
4 $1.0M$1.2M
+17.1%
5+ $1.2M$1.4M
+12.0%

Median Sold Price Compared To Nearby Cities

South Santa Clara Valley
+14.4%
Gilroy
+10.3%
Llagas-Uvas
+5.6%

How many homes are available in Gilroy, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
9790-7.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 65
-16.7%
3 3127
-12.9%
4 3738
+2.7%
5+ 2320
-13.0%

Number of Homes Sold

Oct 2022Nov 2022%
2428+16.7%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gilroy, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
12 Days38 Days+202.3%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gilroy are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Gilroy, CA

There are 90 homes are for sale in Gilroy, CA real estate market. Between October 2022 and November 2022, Gilroy, CA real estate market has seen decrease in the number of listings by 7.2%. The median list price of listings available in November 2022 was $1,048,000, while the average time on the real estate market was 38 days. Real estate listing prices changed between October 2022 and November 2022: 1 bedroom properties prices increased by 21.7%, 2 bedrooms properties prices increased by 2.9%, prices of 3 bedrooms properties went up by 9.5%, prices of 4 bedrooms properties increased by 17.1%, the cost of 5 bedrooms properties went up by 12%. Volume of homes for sale changed: 1 bedroom homes did not move, 2 bedrooms homes inventory decreased by 16.7%, volume of 3 bedrooms homes went down by 12.9%, 4 bedrooms homes inventory increased by 2.7%, the quantity of 5 bedrooms homes went down by 13%. In November 2022 more than 10 listings in Gilroy, CA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 16 were sold below.

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