Mary Pope-Handy's Market Report

Morgan Hill, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Morgan Hill, CA

Fri May 29 2020
This week the median list price for Morgan Hill, CA is $1,175,000 with the market action index hovering around 39. This is less than last month's market action index of 43. Inventory has held steady at or around 91. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Fri May 29 2020
This week the median list price for Morgan Hill, CA is $1,175,000 with the market action index hovering around 39. This is less than last month's market action index of 43. Inventory has held steady at or around 91. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $1,175,000
Per Square Foot $464
Days on Market 70
Price Decreased 30%
Price Increased 1%
Relisted 7%
Inventory 91
Median Rent $2,225
Most Expensive $2,998,000
Least Expensive $295,000
Market Action 39
Slight Seller's Advantage

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
$1,994,975 4,167 1 - 2.5 acres 4 4 17 1 3 93
$1,350,000 3,015 0.25 - 0.5 acre 4 3 29 4 2 71
$1,099,000 2,324 8,000 - 10,000 sqft 4 3 39 3 4 43
$839,000 1,633 4,500 - 6,500 sqft 3 2 32 2 2 74