Mary Pope-Handy's Market Report

Morgan Hill, CA

Condos/Townhomes

Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



Morgan Hill, CA

Mon Jun 17 2024
This week the median list price for Morgan Hill, CA is $949,888 with the market action index hovering around 71. This is an increase over last month's market action index of 65. Inventory has decreased to 5. 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

Mon Jun 17 2024
This week the median list price for Morgan Hill, CA is $949,888 with the market action index hovering around 71. This is an increase over last month's market action index of 65. Inventory has decreased to 5. 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 $949,888
Median Price of New Listings $929,944
Per Square Foot $515
Average Days on Market 32
Median Days on Market 28
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 5
Median Rent
Market Action 71
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
$1,000,000 2,426 0 - 4,500 sqft 4 5 NaN 0 1 49
$970,888 1,682 - 3 3 NaN 0 0 28
$949,888 1,829 0 - 4,500 sqft 4 3 11 1 1 0
$741,750 1,570 0 - 4,500 sqft 2 3 13 1 1 42