Foreclosure Homes in Gilroy, CA

Current Market Conditions in Gilroy, CA

Gilroy's real estate market showcases diverse housing options, appealing to both first-time buyers and investors. The current trend indicates a competitive market with properties receiving multiple offers, primarily due to the city's affordable housing compared to surrounding areas like San Jose. Buyers are particularly attracted to the family-oriented community and quality schools.

Inventory levels remain low while demand stays strong, causing an increase in home prices over the past few months. Investors are taking note of Gilroy's promising growth, which is likely to continue as more people seek affordable alternatives within the Bay Area.

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.