DRE #02250755“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
DRE #02250755“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
Data through Sep 2026
Gilroy is shifting toward buyers. Here's where things stand:
Based on 100 homes sold in the 3 months ending September 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.
Data through September 2026
See how prices, monthly costs, and mortgage rates have moved in Gilroy.
Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.
The median sale price in Gilroy is $1.07M — up 12% from $955K in October 2021. Over that stretch, the median peaked at $1.15M in August 2025 and bottomed at $895K in February 2023. That's right in line with the area's 5-year average of $1.05M. Each point is the median of a rolling 3-month window of closings, so the curve runs smoother than any single month; the multi-year direction is the signal.
What buyers actually pay has moved more than the sticker price suggests: a typical monthly payment (20% down, principal & interest) is about $5,734 today, up 75% from $3,279 in October 2021. Most of that increase comes from mortgage rates (3.1% then vs. 7.0% now), not prices — at October 2021 rates, today's median would run about $3,688/mo.
Seasonally, the three months ending in October have been the busiest stretch for closings in Gilroy over the past 5 years (about 109 sales in that window on average, vs. 76 for the stretch ending in February), while competition has run hottest in the stretch ending in June (56% of homes selling over asking on average). That's an average across just 5 observations per month, so treat it as a tendency, not a rule.
Gilroy currently leans toward buyers. Homes are sitting longer and sellers are more open to negotiation. It is a good time to take your time, request contingencies, and consider offering below asking.
At $1.07M, Gilroy's median sits about 39% below the Bay Area average of $1.77M. That average is skewed high by ultra-premium peninsula enclaves like Atherton and Woodside, so a more useful frame is that Gilroy is one of the more accessible corners of the Bay Area.
By home type:
Prices in Gilroy depend heavily on home type and specific neighborhood. Median sale prices by type:
Individual listings vary widely based on location, size, and condition. The best calibration is to narrow to a few specific neighborhoods you are considering and look at recent sales there.
Gilroy currently leans toward buyers:
Buyer strategy: a well-structured offer near or below list price has a good chance of success.
At $1.07M with 20% down at 7.4%, your estimated total monthly cost is approximately $7,251:
HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.
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