Our Gilroy real estate market report represents home sales over the last six months in the residential zip code of 95020.
Gilroy is a city in Santa Clara County south of Morgan Hill, both south of San Jose and only 33 miles to the center of the city. Kathleen Daniels Broker and Owner of KD Realty, located in the south of San Jose, assists buyers and sellers in Gilroy CA with luxury home buying or selling. She also specializes in Probate and Trust home sales.
This Gilroy real estate market report reviews home sales in early 2019 for the zip code of 95020. This zip code is home to over 52,000 residents. Learn more information about the zip codes of San Jose and surrounding cities in Santa Clara County.
Gilroy Real Estate Market
Gilroy is an affluent city with luxury real estate and home to a wine producing area with large family estates around the base of the Santa Cruz mountains. Buyers can spend millions and buy estates on very large parcels of land. The other end of the price spectrum offers affordable ranch style homes, contemporary models, even new construction choices on more standard builder sized lots.
Gilroy is primarily single family houses. Vacant land is still readily available if you prefer to build your dream California retreat in the hills and valleys of this modest sized city.
Gilroy Home Sales & Market Report
Sellers and today buyers, like to know what the real estate market is like in any place they live or want to live. It determines the ability to sell and for how much, and the budget needed to buy a dream home in this location of vineyards, hills and a temperate climate.
In recent years the San Jose housing market has been one of the strongest in the country with homes selling above asking price. In the last year or so we have seen a tempering of activity and relaxation of sales but Gilroy holds strong with most homes selling at or near asking price. Let’s look at more data for the Gilroy real estate market.
Home Sales Activity
- In the last six months we’ve seen 244 homes sold in the Gilroy zip code.
- Lowest price home sold was $355,000
- Highest priced home sold was $2,200,000
- Average sale price $817,908
- Average days on market for these sales was only 41 days.
- The longest for the highest priced sale was 343 days.
- The average home sold in Gilroy offers 4 bedroom and 3 bathrooms and a square footage price of $402.
Homes Available & Under Contract
- There are 104 properties for sale in Zip code 95020, Gilroy. (At time of writing).
- The average marketing time for the available MLS listings in Gilroy has increased to 54 days, a gradual increase.
- Homes under contract show an average of 25 days.
- Homes pending, ready to close show an average of 31 days.
There is an indication that the Gilroy real estate market has slowed down. The longest time on market for a property now is 992 days however with a price tag of $16 million it’s not surprising. Luxury homes and estates of that calibre have a small buyer pool from which to attract the right buyer. This market is very similar to Morgan Hill, read our market report.
Single Family Homes for Sale in Gilroy CA
Our gallery includes new homes for sale in Gilroy CA
Gilroy Vacant Lots
If building your dream home is more appealing take a look at the land for sale in Gilroy CA. From small lots to acreage.
Do you need to sell your Gilroy home? Are you interested in buying Gilroy real estate? Call Kathleen Daniels, Realtor | KD Realty @ 408-972-1822 for a home value consultation. Or fill in the quick form below.