Is Gilroy, CA 95020 a buyer’s or seller’s market?
Gilroy is a seller’s market. With about 2.5 months of supply and 38% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
#42 of 49 ZIP codes in Santa Clara & San Benito counties, CA, and #423 of 531 across all the markets we track.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. How the heat score works
The Gilroy housing market right now
In the three months ending August 31, 2026, 38% of homes in Gilroy, CA 95020 sold above their list price, the typical home went under contract in 27 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 115 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 33%, homes sold about as fast and the median sale price fell 6% to $1,099,524. Overall, Gilroy is more competitive than a year ago, so tougher for buyers.
Within Santa Clara County, homes here sell more slowly than in 85% of the county’s ZIP codes, and sell less often over asking than in 81%. On our competition score, Gilroy ranks #270 of 1,069 CA ZIP codes with enough sales (score 74 out of 100).
Nearby, buyers who want less competition could look at San Jose 95134 (0% sold over asking) or San Jose 95113 (0% sold over asking), while San Jose 95129 (72% sold over asking) and Sunnyvale 94087 (64% sold over asking) are even more competitive.
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Nearby markets
Campbell 95008Seller’s market $1,000 /sq ftCupertino 95014Seller’s market $1,501 /sq ftLos Altos 94022Seller’s market $1,793 /sq ftLos Altos 94024Seller’s market $1,924 /sq ft Browse all markets →Towns like Gilroy nearby
Find towns like Gilroy in other states →Where Gilroy is
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Questions about Gilroy real estate
Is Gilroy a buyer’s or seller’s market?
A seller’s market: there were 2.5 months of supply in Gilroy, CA 95020 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Gilroy?
The typical home went under contract in 27 days in the latest three months.
Do homes in Gilroy sell over asking?
38% of homes sold above their original list price, and the typical sale closed at 100.5% of the list price.
What are property taxes in Gilroy?
About 1.20% of a home’s value a year in Santa Clara County, or roughly $4,800 on a $400,000 home.
What is the median home price in Gilroy?
The median sale price was $1,099,524 in the three months ending August 31, 2026, about $531 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology