Market Report - The Brasil Group

Morgan Hill, CA

Single-Family Homes

The Brasil Group | info@theBrasilGroup.com



Morgan Hill, CA

Sat Sep 30 2023
This week the median list price for Morgan Hill, CA is $1,799,000 with the market action index hovering around 42. This is less than last month's market action index of 47. Inventory has decreased to 47. 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.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Morgan Hill, CA

Sat Sep 30 2023
This week the median list price for Morgan Hill, CA is $1,799,000 with the market action index hovering around 42. This is less than last month's market action index of 47. Inventory has decreased to 47. 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.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,799,000
Median Price of New Listings $1,676,944
Per Square Foot $620
Average Days on Market 92
Median Days on Market 49
Price Decreased 51%
Price Increased 2%
Relisted 15%
Inventory 47
Median Rent
Market Action 42
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$3,278,888 5,561 1 - 2.5 acres 5 5.5 18 1 1 119
$2,100,000 3,195 0.5 - 1 acre 4 3.5 33 4 4 35
$1,497,000 2,717 0.25 - 0.5 acre 4 3 44 2 4 24
$1,004,443 1,641 0 - 4,500 sqft 3 2 30 3 4 42