Intero's Market Report

Morgan Hill, CA

Single-Family Homes



Morgan Hill, CA

Sat Nov 27 2021
This week the median list price for Morgan Hill, CA is $1,349,999 with the market action index hovering around 64. This is an increase over last month's market action index of 63. Inventory has decreased to 35. 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

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 Nov 27 2021
This week the median list price for Morgan Hill, CA is $1,349,999 with the market action index hovering around 64. This is an increase over last month's market action index of 63. Inventory has decreased to 35. 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

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 $1,349,999
Median Price of New Listings $1,450,000
Per Square Foot $661
Average Days on Market 83
Median Days on Market 28
Price Decreased 20%
Price Increased 3%
Relisted 6%
Inventory 35
Median Rent $3,680
Market Action 64
Strong Seller's Market

The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$2,524,500 3,255 2.5 - 5 acres 4 3 37 2 2 84
$1,799,000 3,410 8,000 - 10,000 sqft 5 4 22 1 2 7
$1,150,000 1,825 6,500 - 8,000 sqft 3 3 34 1 3 49
$829,950 1,065 8,000 - 10,000 sqft 3 2 60 2 1 35