Keller Williams Coastal Estates' Market Report

Morgan Hill, CA

Single-Family Homes

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



Morgan Hill, CA

Mon Sep 28 2020
This week the median list price for Morgan Hill, CA is $1,249,000 with the market action index hovering around 59. This is an increase over last month's market action index of 49. Inventory has held steady at or around 45. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Morgan Hill, CA

Mon Sep 28 2020
This week the median list price for Morgan Hill, CA is $1,249,000 with the market action index hovering around 59. This is an increase over last month's market action index of 49. Inventory has held steady at or around 45. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,249,000
Per Square Foot $476
Days on Market 73
Price Decreased 24%
Price Increased 0%
Relisted 0%
Inventory 45
Median Rent $3,823
Most Expensive $4,499,000
Least Expensive $280,000
Market Action 59
Strong Seller's Market

The market appears to be 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
$2,098,000 4,167 1 - 2.5 acres 4 5 25 2 3 62
$1,459,000 3,139 0.25 - 0.5 acre 4 4 26 1 4 135
$1,050,000 2,337 8,000 - 10,000 sqft 4 3 39 5 7 15
$872,000 1,653 4,500 - 6,500 sqft 3 3 37 4 7 77