Gilroy's median sale price was about $1.07 million in the three months through September 2026, down 2.2% from a year earlier, while the share of homes with price cuts fell almost 7 points.
The numbers
- Median sale price: $1,073,989, down 2.2% year over year
- Price per square foot: about $525, up 13.1%
- Homes sold in September: 100, up from 96 a year earlier
- Median days on market: 27, down from 29
- Sale-to-list ratio: 100.0%, up 0.4 points; 47.0% of homes sold above list
- Homes with price drops: 24.7%, down 6.9 points
What Zillow shows
Zillow's Home Value Index puts the typical Gilroy home at $1,044,931 as of Sept. 30, 2026, up 1.0% from a year earlier. Zillow says homes go pending in about 24 days.
What it means for buyers and sellers
Redfin rates Gilroy "somewhat competitive," with a Compete Score of 65. Some homes get multiple offers, and the average home sells for around list price in about 20 days; hot homes go about 2% over in around eight days. The median slipped, but price per square foot rose and fewer sellers cut prices, so this looks like a steady market, not a falling one. Compare with San Jose.
Redfin figures cover the three months through September 2026 and compare with the same period a year earlier. Zillow's Home Value Index is a typical-home estimate, not a sale price, so the two numbers measure different things and won't match exactly.