Market Report - The Brasil Group

Morgan Hill, CA

Single-Family Homes

The Brasil Group | info@theBrasilGroup.com



Morgan Hill, CA

Sat Jun 10 2023
This week the median list price for Morgan Hill, CA is $1,850,000 with the market action index hovering around 58. This is an increase over last month's market action index of 57. Inventory has increased to 41. 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 achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Morgan Hill, CA

Sat Jun 10 2023
This week the median list price for Morgan Hill, CA is $1,850,000 with the market action index hovering around 58. This is an increase over last month's market action index of 57. Inventory has increased to 41. 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 achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,850,000
Median Price of New Listings $1,774,999
Per Square Foot $623
Average Days on Market 57
Median Days on Market 14
Price Decreased 20%
Price Increased 0%
Relisted 5%
Inventory 41
Median Rent
Market Action 58
Strong Seller's Market

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$3,499,444 4,710 1 - 2.5 acres 4 4.5 19 4 0 7
$2,435,000 3,976 0.5 - 1 acre 4 3.8 16 2 1 70
$1,699,444 2,620 8,000 - 10,000 sqft 4 3 26 5 3 3
$1,179,500 2,485 4,500 - 6,500 sqft 4 3 32 3 3 14