Market Report - The Brasil Group

Morgan Hill, CA 95037

Single-Family Homes

The Brasil Group | info@theBrasilGroup.com


Morgan Hill, CA 95037

Fri Apr 19 2024
This week the median list price for Morgan Hill, CA 95037 is $1,604,443 with the market action index hovering around 57. This is an increase over last month's market action index of 55. Inventory has increased to 46. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Morgan Hill, CA 95037

Fri Apr 19 2024
This week the median list price for Morgan Hill, CA 95037 is $1,604,443 with the market action index hovering around 57. This is an increase over last month's market action index of 55. Inventory has increased to 46. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,604,443
Median Price of New Listings $1,511,500
Per Square Foot $652
Average Days on Market 82
Median Days on Market 21
Price Decreased 11%
Price Increased 0%
Relisted 7%
Inventory 46
Median Rent
Market Action 57
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,700,000 4,299 1 - 2.5 acres 5 4.5 24 2 0 154
$1,699,000 2,935 0.25 - 0.5 acre 4 3 34 4 1 21
$1,498,500 2,215 6,500 - 8,000 sqft 4 2.3 42 2 0 17
$1,047,500 1,495 4,500 - 6,500 sqft 3 2 34 6 1 3