Mary Pope-Handy's Market Report

Morgan Hill, CA

Single-Family Homes

Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



Morgan Hill, CA

Fri May 09 2025
This week the median list price for Morgan Hill, CA is $1,599,000 with the market action index hovering around 43. This is less than last month's market action index of 47. Inventory has increased to 83. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Fri May 09 2025
This week the median list price for Morgan Hill, CA is $1,599,000 with the market action index hovering around 43. This is less than last month's market action index of 47. Inventory has increased to 83. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $1,599,000
Median Price of New Listings $1,487,499
Per Square Foot $667
Average Days on Market 97
Median Days on Market 35
Price Decreased 25%
Price Increased 2%
Relisted 10%
Inventory 83
Median Rent
Market Action 43
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
$3,248,969 4,589 1 - 2.5 acres 5 4.8 11 1 2 66
$1,928,000 3,063 0.25 - 0.5 acre 4 3 39 4 1 21
$1,499,000 2,427 0.25 - 0.5 acre 4 2.5 40 7 2 21
$1,049,000 1,445 0 - 4,500 sqft 3 2 34 6 3 35