Is Gilroy, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$1,055,000
$523/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gilroy was $1,055,000 in April 2024, up 5.5% from last year, and the median price per square foot was $523.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $462.5K | $426.5K | -7.8% |
2 Bedrooms | $672.4K | $685K | +1.9% |
3 Bedrooms | $900K | $925K | +2.8% |
4 Bedrooms | $1.1M | $1.1M | +4.5% |
5+ Bedrooms | $1.3M | $1.3M | +1.3% |
Summary: Gilroy housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
Gilroy | $1.0M | $1.0M | +5.5% |
Llagas-Uvas | $1.5M | $1.5M | +1.3% |
South Santa Clara Valley | $1.1M | $1.1M | +1.1% |
Housing Supply in Gilroy, CA
How many homes are available in Gilroy, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 95 | +17.3% |
Summary: The Gilroy real estate market had 95 homes for sale in April 2024, a 17.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 21 | 25 | +19.0% |
4 Bedrooms | 33 | 44 | +33.3% |
5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The Gilroy housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 21 | -22.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Gilroy in April 2024, down by 22.2% month-over-month. Of the 19 sold homes, 32% were sold under asking, 21% were sold at asking, and 47% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 24 Days | -13.3% |
Summary: Homes in Gilroy had an average of 24 days on market in Apr 2024, down by 13.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Gilroy; 81% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.