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Gilroy Real Estate Market Report – August 2022

by | Sep 23, 2022 | Gilroy Market Reports, Market Analysis | 0 comments

Robert Whitelaw, Realtor®

Robert Whitelaw, Realtor®

Published:Sep 23, 2022

Born and raised in Silicon Valley, Robert has helped clients successfully buy, sell and invest in real estate throughout Santa Clara County. Robert uses his local market knowledge to help clients across Silicon Valley!

The Gilroy real estate market is more calibrated to reality than most.

Sales Price.

Gilroy actually saw a nearly 19% jump in sales prices compared to last year! This while other areas actually saw an overall decrease in average sales price compared to the same time last year.

Inventory Grows.

The Gilroy real estate market saw a 44.8% increase in inventory when compared to the same time last year. One of the biggest jumps in inventory in the county.

What About Other Areas.

Santa Clara County.

The county overall actually saw a decrease in the average sales price when compared to last year! For more, check out this months “Coffee & Real Estate Live Chat” where we compared Gilroy to the county and other communities.

San Jose.

San Jose actually saw its average sales price drop during the same time Gilroy saw an average price increase. You can also check out the San Jose Market Analysis.

Morgan Hill.

Despite having very similar new listings numbers, Gilroy lagged behind Morgan Hill in terms of actual sales. For more, here is the full Morgan Hill market analysis for August:


Check Out The Last Show!


NAR Settlement – For Buyers and Sellers

The NAR settlement, once it is approved, is set to go into effect in the middle of July 2024. This will completely change how Buyers agent are compensated and we can count on chaos while the systems adjust to the new reality.

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