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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,022,262|
|Per Square Foot||$435|
|Days on Market||104|
|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.
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|