Market Report - The Brasil Group

Morgan Hill, CA

Single-Family Homes

The Brasil Group | info@theBrasilGroup.com



Morgan Hill, CA

Fri Jun 21 2024
This week the median list price for Morgan Hill, CA is $1,500,000 with the market action index hovering around 53. This is less than last month's market action index of 57. Inventory has increased to 59. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Morgan Hill, CA

Fri Jun 21 2024
This week the median list price for Morgan Hill, CA is $1,500,000 with the market action index hovering around 53. This is less than last month's market action index of 57. Inventory has increased to 59. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,500,000
Median Price of New Listings $1,250,000
Per Square Foot $625
Average Days on Market 70
Median Days on Market 21
Price Decreased 17%
Price Increased 2%
Relisted 0%
Inventory 59
Median Rent
Market Action 53
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

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
$3,484,358 4,500 1 - 2.5 acres 4 5 24 1 1 49
$1,950,000 3,089 0.25 - 0.5 acre 5 3 39 2 3 7
$1,399,888 2,390 0.5 - 1 acre 4 3 46 3 2 21
$899,000 1,280 6,500 - 8,000 sqft 3 2 56 7 4 7