Market Report - The Brasil Group

Morgan Hill, CA

Condos/Townhomes

The Brasil Group | info@theBrasilGroup.com



Morgan Hill, CA

Sat Mar 02 2024
This week the median list price for Morgan Hill, CA is $950,000 with the market action index hovering around 65. This is an increase over last month's market action index of 64. Inventory has increased to 5. 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 strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Morgan Hill, CA

Sat Mar 02 2024
This week the median list price for Morgan Hill, CA is $950,000 with the market action index hovering around 65. This is an increase over last month's market action index of 64. Inventory has increased to 5. 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 strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $950,000
Median Price of New Listings $950,000
Per Square Foot $466
Average Days on Market 3
Median Days on Market 0
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 5
Median Rent
Market Action 65
Strong Seller's Market

This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. 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
$995,000 2,133 - 4 3.5 9 0 0 7
$970,000 1,414 0 - 4,500 sqft 2 2.5 47 1 0 0
$950,000 2,194 - 4 3.5 6 1 0 0
$919,000 1,736 0 - 4,500 sqft 2 2.8 20 1 0 3