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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,349,500|
|Per Square Foot||$561|
|Days on Market||11|
|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.
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|