Whitelaw and Sons Real Estate Morgan Hill
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Robert Whitelaw, Realtor®

Robert Whitelaw, Realtor®

Published:May 3, 2023

Born and raised in Silicon Valley, Robert has helped clients successfully buy, sell and invest in real estate throughout Santa Clara County. Currently, Robert uses his local market knowledge to help clients from San Jose to Morgan Hill, San Martin and Gilroy.

The Gilroy real estate market is currently the best calibrated to the current market.


gilroy real estate marketIn terms of inventory, Gilroy real estate saw a 22% increase compared to the same time the previous year. While the county overall saw only a 1% increase over the same time period.

New Listings

However, new listings in Gilroy were down 44% compared to the same time last year. This was just a bit above county decline of 38%.

Homes Sold

When counting for homes sold vs homes listed, Gilroy added 9 homes to the overall inventory this month. The number of sold homes was down 22% compared to last year.

List Prices

Sellers in Gilroy showed they are far more willing to price at an appropriate level, with the average list price decreasing by -4.6% over the year.

Sales Prices

Sales prices in Gilroy decreased by -5.4% over the year, and sellers have generally been seeing their homes sell for a lower percentage of the asking price compared to the same time last year, at 99.6% compared to 108.2% last year.

Days On Market

One trend that has changed in the Gilroy real estate market is the length of time it takes for homes to sell. It took 325% longer for homes to sell compared to the same time the previous year, or an average of 34 days in March 2023 compared to just 8 days in the same month of 2022.

Check Out The Last Show!

1% down loans

1% Down Loans – Good Or Bad?

In this thought-provoking episode, we delve into the often overlooked drawbacks of low-income buyers availing themselves of 1% down loans.

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