Keller Williams Coastal Estates' Market Report

Morgan Hill, CA

Single-Family Homes

www.kwcoastalestates.com | frontdesk505@kw.com | 831.622.6200



Morgan Hill, CA

Sun Jan 29 2023
This week the median list price for Morgan Hill, CA is $1,773,999 with the market action index hovering around 46. This is less than last month's market action index of 47. Inventory has decreased to 26. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Morgan Hill, CA

Sun Jan 29 2023
This week the median list price for Morgan Hill, CA is $1,773,999 with the market action index hovering around 46. This is less than last month's market action index of 47. Inventory has decreased to 26. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,773,999
Median Price of New Listings $1,100,000
Per Square Foot $603
Average Days on Market 105
Median Days on Market 67
Price Decreased 38%
Price Increased 4%
Relisted 12%
Inventory 26
Median Rent
Market Action 46
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate 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
$3,097,000 4,482 2.5 - 5 acres 4 4.3 22 0 0 140
$2,011,500 3,247 1 - 2.5 acres 4 3.3 31 0 1 77
$1,588,000 2,631 0.25 - 0.5 acre 4 3 28 0 3 63
$1,100,000 1,862 6,500 - 8,000 sqft 4 2.5 46 1 1 63