Tue Jun 06 2023
This week the median list price for Morgan Hill, CA 95037 is $1,850,000 with the market action index hovering around 58. This is an increase over last month's market action index of 57. Inventory has increased to 41.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,850,000|
|Median Price of New Listings||$1,774,999|
|Per Square Foot||$623|
|Average Days on Market||57|
|Median Days on Market||14|
|Strong Seller's Market|
In the last few weeks we’ve seen prices in this zip code bouncing around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$3,499,444||4,710||1 - 2.5 acres||4||4.5||19||4||0||7|
|$2,435,000||3,976||0.5 - 1 acre||4||3.8||16||2||1||70|
|$1,699,444||2,620||8,000 - 10,000 sqft||4||3||26||5||3||3|
|$1,179,500||2,485||4,500 - 6,500 sqft||4||3||32||3||3||14|