Gilroy Housing Market Report – March 2026
Here's a look at how the Gilroy, CA real estate market performed in March 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 28
- Median Sale Price: $1,064,873
- Average Sale Price: $1,116,312
- Average Price Per Sq Ft: $513
- Average Days on Market: 75
- Sale-to-List Price Ratio: 100.2%
Month-Over-Month Trends
Compared to February, the median sale price in Gilroy moved 5.6% down (from $1,127,500 to $1,064,873). The number of homes sold was 16.7% up compared to the prior month (24 vs. 28). Average days on market shifted 15.4% up (65 days to 75 days).
Year-Over-Year Comparison
Compared to March 2025, the median sale price is 3.4% down (from $1,102,500 to $1,064,873). Sales volume is 39.1% down year-over-year.
What This Means
Gilroy's housing market is showing mixed signals this March, with activity ticking up but prices softening slightly. Sales jumped 16.7 percent month-over-month to 28 homes, suggesting spring is bringing buyers out of hibernation. However, that uptick comes alongside a concerning 39 percent year-over-year sales decline, indicating this isn't a robust recovery so far. The median price dipped 5.6 percent from February to $1,064,873, though it's still tracking just slightly below last year's level. What's notable is that homes are selling at essentially list price (100.2 percent ratio), meaning there's no bidding war energy here.
The longer days on market tell the real story. Homes are sitting an average of 75 days before selling, up from 65 in February and suggesting buyer urgency has cooled. Meanwhile, 138 active listings languish on the market averaging 124 days, creating a more balanced buyer-friendly environment than we've seen in years. This inventory buildup, combined with higher interest rates and seasonal timing, is giving Gilroy buyers more breathing room to negotiate. For sellers, it's a reminder that pricing aggressively and presenting well matters more than it did when multiple offers were the norm.
Gilroy Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95020 | 28 | $1,064,873 | $513 | 75 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 21 | $1,125,000 | $516 |
| OTHER | 2 | $190,750 | N/A |
| LAND | 1 | $225,000 | N/A |
| CONDOS | 1 | $585,000 | $484 |
| TOWNHOMES | 1 | $850,000 | $419 |
| MOBILE | 1 | $220,000 | $207 |
| FARM | 1 | $1,500,000 | $882 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 1 |
| $200K - $299K | 3 |
| $500K - $749K | 1 |
| $750K+ | 23 |
Current Active Listings
As of this report, there are 138 active listings in Gilroy with a median asking price of $1,198,944 and an average of 124 days on market.
Thinking About Selling Your Gilroy Home?
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