Mary Pope-Handy's Market Report

Morgan Hill, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Morgan Hill, CA

Wed Dec 11 2019
This week the median list price for Morgan Hill, CA is $1,022,262 with the market action index hovering around 38. This is an increase over last month's market action index of 35. Inventory has held steady at or around 80. 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.

Slight Seller's Advantage

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Morgan Hill, CA

Wed Dec 11 2019
This week the median list price for Morgan Hill, CA is $1,022,262 with the market action index hovering around 38. This is an increase over last month's market action index of 35. Inventory has held steady at or around 80. 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.

Slight Seller's Advantage

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,022,262
Per Square Foot $435
Days on Market 104
Price Decreased 43%
Price Increased 3%
Relisted 6%
Inventory 80
Median Rent $3,300
Most Expensive $5,978,000
Least Expensive $325,000
Market Action 38
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$1,625,000 3,400 1 - 2.5 acres 4 4 26 1 3 141
$1,174,500 2,831 8,000 - 10,000 sqft 4 3 22 1 4 105
$977,000 2,166 6,500 - 8,000 sqft 4 3 24 1 4 103
$744,000 1,606 6,500 - 8,000 sqft 3 2 31 3 9 65