Mary Pope-Handy's Market Report

Morgan Hill, CA

Single-Family Homes

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



Morgan Hill, CA

Sat Oct 16 2021
This week the median list price for Morgan Hill, CA is $1,524,500 with the market action index hovering around 60. This is less than last month's market action index of 61. Inventory has increased to 42. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Morgan Hill, CA

Sat Oct 16 2021
This week the median list price for Morgan Hill, CA is $1,524,500 with the market action index hovering around 60. This is less than last month's market action index of 61. Inventory has increased to 42. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,524,500
Median Price of New Listings $1,524,500
Per Square Foot $553
Average Days on Market 74
Median Days on Market 53
Price Decreased 24%
Price Increased 2%
Relisted 5%
Inventory 42
Median Rent $2,050
Market Action 60
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
$3,644,444 5,297 1 - 2.5 acres 5 6 27 2 1 66
$2,049,440 3,451 0.5 - 1 acre 5 3 26 2 3 59
$1,349,999 2,355 0.25 - 0.5 acre 4 3 40 5 6 14
$869,000 1,378 6,500 - 8,000 sqft 3 2 43 1 2 77