Foreclosure Homes in Gilroy, CA 95020

Current Market Conditions in Gilroy, CA

The real estate market in Gilroy has remained robust, with residential properties seeing a consistent demand. Buyers are drawn to the city's affordability compared to nearby Silicon Valley, as well as its family-oriented amenities. Recently, there has been an uptick in home sales, with many properties receiving multiple offers due to low inventory and high interest from first-time homebuyers.

Amidst the evolving market, homes in Gilroy are generally selling quickly, often within weeks of listing, indicating a competitive market. Buyers should expect to encounter challenges in finding available homes, especially in desirable neighborhoods.

Rent Prices In Gilroy, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gilroy, CA, is on a rollercoaster ride. The average rent price in Gilroy, CA, is $2,748.00. Indeed, when looking to rent in Gilroy, CA, you can expect to pay as little as $1,230.00 or as much as $5,450.00, with the average rent median estimated to be $2,660.00. The good news is that finding an affordable and desirable property to rent in Gilroy, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.