Mary Pope-Handy's Market Report
Morgan Hill, CA 95037
Single-Family Homes
Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com
Morgan Hill, CA 95037
Mon Jun 17 2019
This week the median list price for Morgan Hill, CA 95037 is $1,199,000 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has held steady at or around 99.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
| Today |
| Last Month |
Strong Seller's Market
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $1,199,000 | |
| Per Square Foot | $450 | |
| Days on Market | 46 | |
| Price Decreased | 29% | |
| Price Increased | 1% | |
| Relisted | 5% | |
| Inventory | 99 | |
| Median House Rent | $3,800 | |
| Most Expensive | $5,978,000 | |
| Least Expensive | $325,000 | |
| Market Action Index Strong Seller's Market | 49 |
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,974,444 | 3,623 | 1 - 2.5 acres | 4 | 3 | 19 | 4 | 0 | 81 |
| $1,388,000 | 3,118 | 0.25 - 0.5 acre | 4 | 3 | 18 | 6 | 4 | 24 |
| $1,049,000 | 2,415 | 8,000 - 10,000 sqft | 4 | 3 | 29 | 9 | 4 | 38 |
| $849,500 | 1,575 | 4,500 - 6,500 sqft | 3 | 2 | 28 | 10 | 3 | 43 |