Gilroy Housing Market Report – July 2026
Here's a look at how the Gilroy, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 44
- Median Sale Price: $1,100,000
- Average Sale Price: $1,219,071
- Average Price Per Sq Ft: $523
- Average Days on Market: 73
- Sale-to-List Price Ratio: 99.6%
Month-Over-Month Trends
Compared to June, the median sale price in Gilroy moved 0.0% down (from $1,100,000 to $1,100,000). The number of homes sold was 4.3% down compared to the prior month (46 vs. 44). Average days on market shifted 28.1% up (57 days to 73 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 4.3% down (from $1,150,000 to $1,100,000). Sales volume is 2.3% up year-over-year.
What This Means
Gilroy's housing market is showing signs of cooling heading into late summer. While the median price held steady at $1.1 million month-over-month, the year-over-year decline of 4.3% suggests prices have been under modest downward pressure over the past year. More tellingly, homes are sitting on the market significantly longer—73 days compared to 57 days last month—indicating buyers are taking their time and sellers aren't seeing the urgency that typically characterizes warmer months. The uptick in days on market could reflect typical summer seasonality, but combined with the price softening, it suggests a shift toward a more balanced market favoring buyers.
The good news for sellers is that the sale-to-list ratio of 99.6% shows homes are still selling close to asking price, which indicates the market hasn't fundamentally broken. However, with 170 active listings on the market—a healthy supply—competition among sellers is increasing. The inventory overhang, combined with longer marketing times, means pricing aggressively and presenting well have become more important. For buyers, this is a window of opportunity to negotiate. Gilroy appears to be transitioning from a seller's market to something more neutral, giving serious buyers their first real leverage in quite some time.
Gilroy Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95020 | 44 | $1,100,000 | $523 | 73 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 38 | $1,140,000 | $538 |
| MULTI_FAMILY | 3 | $876,375 | $388 |
| CONDOS | 2 | $455,000 | $498 |
| OTHER | 1 | $1,380,000 | $278 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $400K - $499K | 2 |
| $500K - $749K | 2 |
| $750K+ | 40 |
Current Active Listings
As of this report, there are 170 active listings in Gilroy with a median asking price of $1,124,943 and an average of 133 days on market.
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