Gilroy Real Estate Market Sees Home Sales Even

The number of sellers who put their homes up for sale in the Gilroy market over the last 30 days remained flat this week at 41. Home sales also remained unchanged from the prior period and once again 35 homes were sold. The median sales price dropped to $639,000, down from last week's $645,000. In spite of flat sales, a low two months of inventory signals that Gilroy is a strong seller's market.

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Demographic facts for Gilroy:

  • Over the past 10 years, the population has increased 14.7%.
  • The safety rating in this area is 60. (Scale: 1 = Worst, 100 = Best)
  • The average work commute is 31 minutes.

Data reported through 10/12/2016

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