Gilroy Housing Market Report – May 2026
Here's a look at how the Gilroy, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 41
- Median Sale Price: $1,195,000
- Average Sale Price: $1,190,677
- Average Price Per Sq Ft: $546
- Average Days on Market: 61
- Sale-to-List Price Ratio: 98.5%
Month-Over-Month Trends
Compared to April, the median sale price in Gilroy moved 12.2% up (from $1,065,000 to $1,195,000). The number of homes sold was 41.4% down compared to the prior month (70 vs. 41). Average days on market shifted 5.2% up (58 days to 61 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 6.7% up (from $1,120,000 to $1,195,000). Sales volume is 8.9% down year-over-year.
What This Means
Gilroy's housing market is showing mixed signals heading into summer 2026. While median prices continue climbing—up 12.2% month-over-month to $1.195 million and 6.7% year-over-year—the pace of sales has noticeably slowed, with only 41 homes sold this month compared to 70 in April. This isn't necessarily alarming; the spring selling season typically peaks in April, so May's decline is fairly normal seasonal behavior. More telling is that homes are sitting on the market roughly two days longer than they were last month, suggesting buyers are becoming slightly more selective at these elevated price points.
The strong sale-to-list ratio of 98.5% indicates sellers still have meaningful leverage, with most homes fetching nearly their asking price. However, the growing inventory—165 active listings with a median asking price near $1.2 million—suggests supply is gradually catching up to demand. This represents a more balanced market than we've seen in recent years, where multiple offers were common. For buyers, this shift means more negotiating room, though Gilroy remains an expensive market by most standards. Interest rate expectations and whether tech sector growth in nearby Silicon Valley continues will likely determine whether prices stabilize or face further pressure in the coming months.
Gilroy Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95020 | 41 | $1,195,000 | $546 | 61 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 34 | $1,215,000 | $558 |
| OTHER | 3 | $295,000 | N/A |
| LAND | 2 | $372,500 | N/A |
| MOBILE | 1 | $397,000 | $281 |
| MULTI_FAMILY | 1 | $1,268,000 | $417 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 1 |
| $200K - $299K | 3 |
| $300K - $399K | 1 |
| $400K - $499K | 2 |
| $750K+ | 34 |
Current Active Listings
As of this report, there are 165 active listings in Gilroy with a median asking price of $1,199,900 and an average of 125 days on market.
Thinking About Selling Your Gilroy Home?
If you're a homeowner in Gilroy considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Gilroy and throughout Santa Clara County — get a no-obligation cash offer today.