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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,033,087|
|Per Square Foot||$439|
|Days on Market||82|
|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.
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|