Mary Pope-Handy's Market Report

Morgan Hill, CA 95037

Single-Family Homes

Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog


Morgan Hill, CA 95037

Tue Sep 27 2022
This week the median list price for Morgan Hill, CA 95037 is $1,588,000 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has increased to 57. Click here to stay informed with the Morgan Hill market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Morgan Hill, CA 95037

Tue Sep 27 2022
This week the median list price for Morgan Hill, CA 95037 is $1,588,000 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has increased to 57. Click here to stay informed with the Morgan Hill market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,588,000
Median Price of New Listings $1,975,000
Per Square Foot $627
Average Days on Market 65
Median Days on Market 35
Price Decreased 42%
Price Increased 2%
Relisted 7%
Inventory 57
Median Rent
Market Action 54
Strong Seller's Market

Prices in this zip code have been on a downward trend in the last few weeks and this week, while essentially flat, doesn’t break us out of that cycle.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,799,500 3,774 0.5 - 1 acre 4 4.5 19 3 0 101
$1,899,999 3,111 8,000 - 10,000 sqft 5 3.5 24 5 3 28
$1,399,499 2,284 0.25 - 0.5 acre 4 3 45 0 5 24
$1,099,000 1,563 4,500 - 6,500 sqft 3 2 45 3 5 14