Mary Pope-Handy's Market Report

Morgan Hill, CA

Single-Family Homes

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



Morgan Hill, CA

Thu Jan 28 2021
This week the median list price for Morgan Hill, CA is $1,799,499 with the market action index hovering around 57. This is less than last month's market action index of 64. Inventory has held steady at or around 32. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Morgan Hill, CA

Thu Jan 28 2021
This week the median list price for Morgan Hill, CA is $1,799,499 with the market action index hovering around 57. This is less than last month's market action index of 64. Inventory has held steady at or around 32. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,799,499
Per Square Foot $508
Days on Market 145
Price Decreased 28%
Price Increased 3%
Relisted 6%
Inventory 32
Median Rent $3,045
Most Expensive $4,295,000
Least Expensive $280,000
Market Action 57
Strong Seller's Market

Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$3,222,500 6,065 5 - 10 acres 5 5 27 0 1 125
$1,999,499 3,771 1 - 2.5 acres 4 4 25 2 1 86
$1,599,975 3,363 0.5 - 1 acre 4 4 33 3 2 137
$1,007,000 1,696 0.5 - 1 acre 3 3 38 2 3 231