Derek Essary - Real Estate Market Report

Morgan Hill, CA 95037

Single-Family Homes

Realtor | Condo to Castle Properties | derek@listingsv.com | 408-963-1295 | DRE#01988195



Morgan Hill, CA 95037

Fri Nov 22 2019
This week the median list price for Morgan Hill, CA 95037 is $1,033,087 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 114. 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.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 95037

Fri Nov 22 2019
This week the median list price for Morgan Hill, CA 95037 is $1,033,087 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 114. 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.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $1,033,087
Per Square Foot $439
Days on Market 82
Price Decreased 41%
Price Increased 4%
Relisted 6%
Inventory 114
Median Rent $3,300
Most Expensive $5,978,000
Least Expensive $325,000
Market Action 35
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. 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
$1,599,999 3,567 0.5 - 1 acre 4 4 18 0 2 106
$1,197,000 2,797 8,000 - 10,000 sqft 4 3 22 2 2 79
$950,000 2,354 6,500 - 8,000 sqft 4 3 25 3 3 73
$799,000 1,552 6,500 - 8,000 sqft 3 2 34 3 2 69