The Hidden Truth About Houses Still Selling Fast in Gilroy
Timothy Alston | Broker
Aegis Luxury Real Estate · DRE# 01328224
Published
February 06, 2024
Garlic capital, South Valley gateway
Houses in Gilroy are still selling faster than they did before the pandemic, and that pace has held even as the market cooled from its peak frenzy. Realtor.com data shows homes averaged 69 days on market recently, which is three days shorter than the prior year and more than two weeks shorter than pre-COVID norms. If you have been waiting for a signal, that number is worth sitting with.
You know how it can start to feel like the window has closed? Like maybe you waited too long, and now the market has shifted past you? A lot of sellers in Gilroy right now are carrying that exact thought. And then they look at the actual data and realize something they had not fully registered yet.
So before you decide anything, here is the question worth asking: what does “normal” actually look like for a housing market, and how does what is happening right now compare to that?
Trend #1: Houses Are Still Selling Faster Than Pre-Pandemic Norms
When you map average days on market from 2017 through today, a clear picture emerges. The only years when houses sold faster than they are right now were the so-called “unicorn” years, when the market was running at a pace no one expected to last. Everything before that, the years people think of as “normal,” was actually slower than what Gilroy real estate is experiencing right now. Does that shift anything in how you have been thinking about your timing?
Trend #2: Buyer Demand Is Quietly Climbing
Mike Simonsen, founder of Altos Research, noted that demand was increasing week over week, with the year starting stronger than the one before it. What that means in practical terms is that more buyers are actively searching for houses in Gilroy right now, not fewer. When demand rises and inventory stays limited, the balance tends to favor sellers. Have you stopped to think about what that dynamic actually means for your specific property?
Trend #3: Mortgage Rate Movement Is Bringing Buyers Back
When mortgage rates climbed sharply, a large segment of buyers stepped back and waited. As rates have eased from their peak, those same buyers have started re-entering the market. They did not disappear; they paused. And now they are looking at Gilroy homes for sale with fresh urgency. The question is whether inventory keeps up with that returning demand, and right now, it is not keeping up by a wide margin.
Trend #4: Low Inventory Is Still Keeping Houses Selling Fast
There are not enough homes to meet the demand coming into the Gilroy market right now. That gap is a significant reason why houses are still selling at a pace well above historical norms. When buyers have fewer options, well-priced listings attract stronger attention and move more quickly. If you have been sitting on the fence, wondering whether you would be walking into a cold market, the inventory data suggests otherwise. Can you see how that changes the risk calculation for a seller?
Trend #5: The Cost of Waiting Is Real, Even When It Is Hard to See
Here is the part most sellers in Gilroy have not stopped to think about yet. Waiting for a “better” market assumes that what comes next will be more favorable than what is available right now. But if demand continues rising, if rates stay where they are or climb again, and if inventory remains tight, the window that exists today may look more attractive in hindsight than it does in the moment. What would it cost you, financially and personally, if conditions shifted before you acted?
Based on where the data actually sits right now, the market for homes in Gilroy is outperforming what most sellers expected. That is not a prediction about the future. It is a description of what the numbers show today.
If you have been asking yourself whether houses are still selling at a pace that makes it worth listing, the answer the data gives back is yes. Not the frenzied pace of the unicorn years, but still selling fast by any reasonable historical comparison. And for a seller, “faster than normal” is not a small thing. It means less time carrying the property, fewer showings dragging across months, and a cleaner path to closing.
The real question is not whether the market is working. It is whether it is working in a way that lines up with what you are trying to accomplish. That is a conversation worth having before you decide anything.
If you would like a straightforward look at what your specific property might do in the current Gilroy market, Timothy Alston, Broker (DRE# 01328224) at Aegis Luxury Real Estate, is available for a no-pressure conversation. Not a sales call. Just an honest look at the numbers for your situation. Reach out at (408) 207-4593 and go from there.
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Broker · DRE# 01328224
Aegis Luxury Real Estate
Harvard Business School Online, Certified Master Negotiation
23+ Years Silicon Valley Real Estate Experience
Retired Military Veteran
Copyright © 2026 MLSListings Inc. All rights reserved.
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than Aegis Luxury Real Estate are marked with the Internet Data Exchange icon and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from the MLSListings MLS as of June 10, 2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Aegis Luxury Real Estate · Timothy Alston, Broker, DRE# 01328224 · 10080 N. Wolfe Rd Ste SW3-200, Cupertino CA 95014 · (408) 207-4593
Last updated: July 18, 2026 | Data reflects July 2026 MLS statistics
