Mary Pope-Handy's Market Report

Morgan Hill, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Morgan Hill, CA

Mon Jan 20 2020
This week the median list price for Morgan Hill, CA is $1,078,888 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has held steady at or around 61. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Morgan Hill, CA

Mon Jan 20 2020
This week the median list price for Morgan Hill, CA is $1,078,888 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has held steady at or around 61. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,078,888
Per Square Foot $419
Days on Market 120
Price Decreased 34%
Price Increased 5%
Relisted 10%
Inventory 61
Median Rent $2,995
Most Expensive $2,995,000
Least Expensive $325,000
Market Action 41
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,748,000 3,595 0.5 - 1 acre 4 4 33 2 1 135
$1,190,000 2,868 0.25 - 0.5 acre 4 3 21 2 0 134
$969,000 2,576 4,500 - 6,500 sqft 4 3 5 0 1 108
$749,000 1,488 4,500 - 6,500 sqft 3 2 37 1 0 101