Intero Market Report

Morgan Hill, CA 95037

Single-Family Homes

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Morgan Hill, CA 95037

Fri Mar 29 2024
This week the median list price for Morgan Hill, CA 95037 is $1,741,950 with the market action index hovering around 55. This is less than last month's market action index of 57. Inventory has increased to 32. 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 95037

Fri Mar 29 2024
This week the median list price for Morgan Hill, CA 95037 is $1,741,950 with the market action index hovering around 55. This is less than last month's market action index of 57. Inventory has increased to 32. 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 $1,741,950
Median Price of New Listings $1,624,388
Per Square Foot $652
Average Days on Market 91
Median Days on Market 7
Price Decreased 16%
Price Increased 0%
Relisted 6%
Inventory 32
Median Rent
Market Action 55
Strong Seller's Market

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$2,744,000 4,455 0.5 - 1 acre 5 4.5 14 0 0 94
$1,986,500 3,157 8,000 - 10,000 sqft 4 3 25 3 0 28
$1,667,444 2,670 0.25 - 0.5 acre 4 2.5 29 3 0 7
$1,268,500 1,534 4,500 - 6,500 sqft 3 2 40 4 2 3