Mary Pope-Handy's Market Report

Morgan Hill, CA

Single-Family Homes

Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



Morgan Hill, CA

Mon Jan 24 2022
This week the median list price for Morgan Hill, CA is $1,599,499 with the market action index hovering around 64. This is less than last month's market action index of 69. Inventory has decreased to 20. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Morgan Hill, CA

Mon Jan 24 2022
This week the median list price for Morgan Hill, CA is $1,599,499 with the market action index hovering around 64. This is less than last month's market action index of 69. Inventory has decreased to 20. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,599,499
Median Price of New Listings $1,289,000
Per Square Foot $643
Average Days on Market 145
Median Days on Market 119
Price Decreased 20%
Price Increased 5%
Relisted 15%
Inventory 20
Median Rent $3,600
Market Action 64
Strong Seller's Market

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
$3,500,000 3,209 10 - 20 acres 4 3 33 1 0 196
$1,889,000 3,342 0.25 - 0.5 acre 5 4 22 1 1 70
$1,299,000 2,154 4,500 - 6,500 sqft 4 3 25 2 2 42
$880,000 1,251 2.5 - 5 acres 3 2 55 1 1 98