Is Gilroy, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Gilroy has remained a Seller's Market.
Housing Prices in Gilroy, CA
How much do homes in Gilroy, CA cost?
Median Sold Price
$1,070,000
$535/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Gilroy was $1,070,000 in June 2024, up 7% from last year, and the median price per square foot was $535.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $462.5K | $428.5K | -7.4% |
2 Bedrooms | $682.4K | $700K | +2.6% |
3 Bedrooms | $861.5K | $932.5K | +8.2% |
4 Bedrooms | $1.0M | $1.2M | +10.3% |
5+ Bedrooms | $1.3M | $1.3M | +1.5% |
Summary: Gilroy housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Cities
South Santa Clara Valley | $1.1M | $1.2M | +7.6% |
Gilroy | $999.8K | $1.0M | +7.0% |
Llagas-Uvas | $1.4M | $1.5M | +5.3% |
Housing Supply in Gilroy, CA
How many homes are available in Gilroy, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
104 | 127 | +22.1% |
Summary: The Gilroy real estate market had 127 homes for sale in June 2024, a 22.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 29 | 32 | +10.3% |
4 Bedrooms | 47 | 60 | +27.7% |
5+ Bedrooms | 20 | 27 | +35.0% |
Summary: The Gilroy housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 27.7%, and 5+ bedroom homes increased by 35%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
31 | 31 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Gilroy in June 2024, the same as the previous month. Of the 29 sold homes, 34% were sold under asking, 14% were sold at asking, and 52% were sold over asking.
Days on Market for Gilroy, CA
How long does it take to sell a home in Gilroy, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
22 Days | 25 Days | +13.2% |
Summary: Homes in Gilroy had an average of 25 days on market in Jun 2024, up by 13.2% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 31 homes were sold in Gilroy; 77% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.