Gilroy, CA 95020 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary indicator of market value is the 1,198,000 median sold price, which represents the most recent transaction-level evidence of pricing strength in Gilroy and supports a modest upward pricing trend in the area.
2. Despite a seller-leaning market temperature described as hot, the relatively long median days on market of 166 suggests slower transaction velocity and potential pricing friction for some listings, which may require sellers to be strategically priced or to offer concessions to close deals.
3. The 1,175,000 median listing price sits close to the median sold price, indicating limited listing-to-sale price divergence and that listing expectations are largely aligned with achieved transaction values in current conditions.
4. Interest rate pressure remains a constraining factor: current mortgage conditions are described as elevated and average 30-year fixed rates around 6.6% appear alongside a flat rent year-over-year trend and a median market rent of 2,700, which together suggest affordability constraints for buyers while rental demand shows limited upside in the near term.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.