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

Wed Feb 21 2024
This week the median list price for Morgan Hill, CA is $1,927,500 with the market action index hovering around 54. This is an increase over last month's market action index of 47. Inventory has decreased to 24. 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 continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Morgan Hill, CA

Wed Feb 21 2024
This week the median list price for Morgan Hill, CA is $1,927,500 with the market action index hovering around 54. This is an increase over last month's market action index of 47. Inventory has decreased to 24. 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 continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,927,500
Median Price of New Listings $1,549,900
Per Square Foot $615
Average Days on Market 111
Median Days on Market 25
Price Decreased 4%
Price Increased 0%
Relisted 0%
Inventory 24
Median Rent
Market Action 54
Strong Seller's Market

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
$2,750,000 3,823 1 - 2.5 acres 4 3.8 21 0 1 122
$1,998,944 3,429 0.25 - 0.5 acre 4 3.8 25 1 0 35
$1,778,950 3,065 6,500 - 8,000 sqft 4 3 16 1 0 14
$1,429,000 2,292 6,500 - 8,000 sqft 4 2.8 31 5 5 0