Monthly market wrap MONTHLY MARKET WRAP Gilroy All home types · May 2026 The Gilroy market eased in May: most key signals moved the buyer's way. Median sale price $1.2M ▲ +10.5% vs Apr Time to pending 21d ▲ 5 days slower vs Apr Sold over asking 33% ▼ -10 pts vs Apr Active listings 76 ▲ +11.8% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Gilroy All home types · May 2026 33% of Gilroy homes sold over asking, so pricing right matters more than ever. 99.0% average sale price vs. asking price Sold over asking 33% vs. a year ago -15 pts 101.2% 100.6% 99.9% Sold at asking price 99.0% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Are you an agent? Create a branded market page for free like this for your own cities.
Try ListingCopilot → The negotiation gap THE NEGOTIATION GAP Gilroy All home types · May 2026 Gilroy homes are closing +1.0% below asking. The list price has become a starting point. +$116K median sale price minus asking price Median asking price $1.08M Median sale price $1.2M $1.18M $1.06M $944K Sold Asking Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Gilroy All home types · May 2026 Gilroy home values are climbing, up +14.3% in a year. $1.2M median sale price Year over year +14.3% Homes sold last month 27 $1.09M $957K $825K $1.2M Jun 2019 Dec 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Gilroy All home types · May 2026 The typical Gilroy home goes pending in 21 days, 9 days slower than last year. 21 days median time to pending Gone within two weeks 36% vs. a year ago 9 days slower 61d 41d 20d 21d Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Gilroy All home types · May 2026 Gilroy inventory is down 6.2% year over year, a steadier supply picture for homes. 76 active listings Year over year -6.2% Months of supply 2.8 90 67 44 76 Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Buying or selling in Gilroy? Jason tracks this market every month and can give you a local read before your next move.
Price cuts PRICE CUTS Gilroy All home types · May 2026 1 in 3 Gilroy listings cut its asking price last month, up 6 pts from a year ago. 33% of active listings cut their asking price vs. a year ago +6 pts Active listings 76 30% 23% 17% 33% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Gilroy All home types · May 2026 Gilroy moves at two speeds: 36% of homes were gone inside two weeks while the rest sat longer. 36% of listings went pending within two weeks Median time to pending 21 days vs. a year ago +11 pts 42% 28% 13% Half of listings 36% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Gilroy All home types · May 2026 December is historically Gilroy's calmest month for buyers: 2.1 pts less over-asking than May. December historically the calmest month for buyers Buyer's edge vs May -2.1 pts Years of Redfin data 11+ Yearly average J F M A M J J A S O N D -1.0 pts Bars over/under-asking vs the yearly average Line price seasonalityGenerated by ListingCopilot.io Source: Redfin housing market data 10-year price growth WAITING HAS A PRICE Gilroy All home types · May 2026 A Gilroy home bought in 2016 has gained +88% in value since. +88% median sale price growth since 2016 Median price in 2016 $638K Average gain per year +6.5% $1.02M $873K $723K $1.2M May 2016 May 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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