Mary Pope-Handy's Market Report

Morgan Hill, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Morgan Hill, CA

Sat Jul 11 2020
This week the median list price for Morgan Hill, CA is $1,199,475 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 90. 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

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 Jul 11 2020
This week the median list price for Morgan Hill, CA is $1,199,475 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 90. 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

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 $1,199,475
Per Square Foot $462
Days on Market 70
Price Decreased 30%
Price Increased 3%
Relisted 4%
Inventory 90
Median Rent $2,400
Most Expensive $4,500,000
Least Expensive $295,000
Market Action 40
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
$1,999,497 4,181 1 - 2.5 acres 4 4 22 2 3 88
$1,368,975 3,243 0.25 - 0.5 acre 4 3 30 6 3 76
$1,138,888 2,467 8,000 - 10,000 sqft 4 3 34 7 5 38
$865,000 1,654 4,500 - 6,500 sqft 3 3 32 4 3 80