Mary Pope-Handy's Market Report

Morgan Hill, CA 95037

Single-Family Homes

Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog


Morgan Hill, CA 95037

Thu Jul 03 2025
This week the median list price for Morgan Hill, CA 95037 is $1,599,900 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has held steady at or around 89. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Morgan Hill, CA 95037

Thu Jul 03 2025
This week the median list price for Morgan Hill, CA 95037 is $1,599,900 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has held steady at or around 89. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,599,900
Median Price of New Listings $1,657,450
Per Square Foot $658
Average Days on Market 89
Median Days on Market 28
Price Decreased 28%
Price Increased 1%
Relisted 15%
Inventory 89
Median Rent
Market Action 39
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$3,358,000 3,939 1 - 2.5 acres 4 4 34 2 2 28
$1,872,500 2,922 8,000 - 10,000 sqft 4 3 36 6 3 52
$1,462,500 2,409 8,000 - 10,000 sqft 4 3 47 3 2 21
$1,194,000 1,637 4,500 - 6,500 sqft 3 2 40 3 4 24