Keller Williams Coastal Estates' Market Report

Morgan Hill, CA

Single-Family Homes

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



Morgan Hill, CA

Sat Jun 12 2021
This week the median list price for Morgan Hill, CA is $1,472,500 with the market action index hovering around 78. This is about the same as last month's market action index of 78. Inventory has increased to 48. 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 continue to fall a bit. 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

Sat Jun 12 2021
This week the median list price for Morgan Hill, CA is $1,472,500 with the market action index hovering around 78. This is about the same as last month's market action index of 78. Inventory has increased to 48. 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 continue to fall a bit. 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 $1,472,500
Median Price of New Listings $1,549,800
Per Square Foot $559
Average Days on Market 56
Median Days on Market 7
Price Decreased 4%
Price Increased 0%
Relisted 2%
Inventory 48
Median Rent $3,098
Market Action 78
Strong Seller's Market

The market has been on a downward trend recently 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
$2,389,944 4,030 0.5 - 1 acre 4 4 15 3 3 42
$1,649,500 3,222 0.5 - 1 acre 4 3 35 6 3 3
$1,284,000 2,418 6,500 - 8,000 sqft 4 3 26 4 3 7
$899,500 1,316 6,500 - 8,000 sqft 3 2 39 2 5 7