Intero Market Report

Morgan Hill, CA 95037

Single-Family Homes

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Morgan Hill, CA 95037

Fri Apr 23 2021
This week the median list price for Morgan Hill, CA 95037 is $1,349,500 with the market action index hovering around 70. This is an increase over last month's market action index of 61. Inventory has held steady at or around 46. 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 have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Morgan Hill, CA 95037

Fri Apr 23 2021
This week the median list price for Morgan Hill, CA 95037 is $1,349,500 with the market action index hovering around 70. This is an increase over last month's market action index of 61. Inventory has held steady at or around 46. 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 have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,349,500
Per Square Foot $561
Days on Market 11
Price Decreased 17%
Price Increased 2%
Relisted 7%
Inventory 46
Median Rent $2,995
Most Expensive $3,749,950
Least Expensive $280,000
Market Action 70
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,499,000 4,361 2.5 - 5 acres 4 5 31 2 1 28
$1,499,000 2,864 0.5 - 1 acre 4 3 41 5 4 7
$1,224,475 2,300 8,000 - 10,000 sqft 4 3 44 3 4 7
$857,444 1,409 4,500 - 6,500 sqft 3 2 37 5 5 7