Single-Family Homes
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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's 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.
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 |