Mary Pope-Handy's Market Report

Morgan Hill, CA

Single-Family Homes

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



Morgan Hill, CA

Mon May 17 2021
This week the median list price for Morgan Hill, CA is $1,339,000 with the market action index hovering around 78. This is an increase over last month's market action index of 73. Inventory has decreased to 41. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Morgan Hill, CA

Mon May 17 2021
This week the median list price for Morgan Hill, CA is $1,339,000 with the market action index hovering around 78. This is an increase over last month's market action index of 73. Inventory has decreased to 41. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,339,000
Median Price of New Listings $1,075,000
Per Square Foot $565
Average Days on Market 69
Median Days on Market 21
Price Decreased 10%
Price Increased 0%
Relisted 7%
Inventory 41
Median Rent $3,095
Market Action 78
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$2,846,500 4,431 1 - 2.5 acres 4 4 25 2 0 21
$1,599,500 3,166 0.5 - 1 acre 4 3 33 2 2 42
$1,214,000 2,284 6,500 - 8,000 sqft 4 3 28 4 2 14
$825,000 1,177 6,500 - 8,000 sqft 3 2 45 5 2 14