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Whitelaw and Sons Real Estate Morgan Hill
Whitelaw and Sons Real Estate Morgan Hill

Gilroy Real Estate Market Report – September 2022

by Nov 2, 2022Gilroy Market Reports, Market Analysis0 comments

gilroy real estate market report september 2022

Written by Robert Whitelaw, Realtor®/Broker/Owner

Born and raised in Silicon Valley, Robert has helped clients successfully buy, sell and invest in real estate from Palo Alto to Gilroy and Los Gatos - and beyond! Robert rates his success on providing the highest level of value to his clients.

November 2, 2022

The Gilroy real estate market has some interesting differences compared to other areas.

Sales Price.

Gilroy actually saw an 18.3% jump in sales prices compared to September last year! This while other areas actually saw an overall decrease in average sales price compared to the same time last year. The county overall saw a decrease and San Jose and Morgan Hill both saw less of a jump than Gilroy did.

Inventory Grows.

The Gilroy real estate market saw a 44.3% increase in inventory when compared to the same time last year. This is very close to the increase Gilroy had in August – indicating a continuing accumulation of homes that is feeding a dramatic increase in inventory.

What About Other Areas.

Santa Clara County.

The county overall actually saw a 2.1% decrease in average sales price.

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.

San Jose Real Estate Market Report – September 2022

Morgan Hill.

Both Gilroy and Morgan Hill had similar total home sales. However, Gilroy is showing greater growth in inventory that is being fed mostly by a higher rate of new listings. Check out the video below for the full Morgan Hill real estate market report.

 

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