Intero's Market Report

Morgan Hill, CA

Single-Family Homes



Morgan Hill, CA

Fri May 27 2022
This week the median list price for Morgan Hill, CA is $1,699,475 with the market action index hovering around 77. This is less than last month's market action index of 85. Inventory has increased to 66. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Morgan Hill, CA

Fri May 27 2022
This week the median list price for Morgan Hill, CA is $1,699,475 with the market action index hovering around 77. This is less than last month's market action index of 85. Inventory has increased to 66. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,699,475
Median Price of New Listings $1,794,500
Per Square Foot $672
Average Days on Market 52
Median Days on Market 7
Price Decreased 8%
Price Increased 0%
Relisted 0%
Inventory 66
Median Rent
Market Action 77
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
$2,997,000 4,318 2.5 - 5 acres 4 4.5 20 2 0 21
$1,974,499 3,105 0.25 - 0.5 acre 4 3 24 9 3 0
$1,499,000 2,520 0.25 - 0.5 acre 4 3 45 5 4 7
$960,000 1,414 0 - 4,500 sqft 3 2 45 6 4 14