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Gilroy real estate market september 2023

Gilroy Real Estate Market Report – September 2023

by | Dec 13, 2023 | Gilroy Market Reports, Market Analysis | 0 comments

Robert Whitelaw, Realtor®

Robert Whitelaw, Realtor®

Published:Dec 13, 2023

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 continues to buck the trends that we see in most of Santa Clara County!


gilroy real estate marketIn terms of inventory, Gilroy real estate saw a 34% decrease compared to the same time the previous year. While the county overall saw a 31% decrease over the same time period.

New Listings

New listings in Gilroy were down 15% compared to the same time last year. The county went the other direction with an increase in new listings of 6%

Homes Sold

When counting for homes sold vs homes listed, Gilroy added 17 homes to the overall inventory this month. The number of sold homes was down 35% 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 -11.4% over the year to $1,132,184.

Sales Prices

Sales prices in Gilroy increased by 1.2% over the year, and sellers have generally been seeing their homes sell for a slightly higher percentage of the asking price compared to the same time last year, at 99% compared to 98.5% last year.

Days On Market

Interestingly, Gilroy real estate saw the days on market remain the same when compared to the same time last year. It took the average home 30 days to sell – the same time we saw at the same time last year.

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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