Intero Market Report

Morgan Hill, CA 95037

Single-Family Homes

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Morgan Hill, CA 95037

Sat Jul 31 2021
This week the median list price for Morgan Hill, CA 95037 is $1,489,000 with the market action index hovering around 61. This is less than last month's market action index of 72. Inventory has increased to 67. 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 cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Morgan Hill, CA 95037

Sat Jul 31 2021
This week the median list price for Morgan Hill, CA 95037 is $1,489,000 with the market action index hovering around 61. This is less than last month's market action index of 72. Inventory has increased to 67. 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 cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,489,000
Median Price of New Listings $1,293,944
Per Square Foot $555
Average Days on Market 40
Median Days on Market 14
Price Decreased 12%
Price Increased 1%
Relisted 3%
Inventory 67
Median Rent $3,048
Market Action 61
Strong Seller's Market

Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.

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
$2,414,500 3,784 0.5 - 1 acre 4 4 15 3 0 24
$1,599,800 2,864 0.5 - 1 acre 4 3 41 1 1 21
$1,299,888 2,549 6,500 - 8,000 sqft 4 3 25 8 0 7
$1,049,888 1,513 6,500 - 8,000 sqft 3 2 44 8 3 7