Morgan Hill land along the Uvas RiverHow’s the real estate market in Morgan Hill? This article will include data, trends and statistics for both houses and condominiums/townhouses.

For the single family home segment in this “south county” town, prices are up more than 20% year over year and flat month over month. The single family home and condo market are both seller’s markets, but it’s a lot deeper for houses than for condominiums or townhomes.

The cities of Morgan Hill and Gilroy are usually a bit less in demand than parts of Santa Clara County which are either tech magnets or closer to these big businesses. So while most of the Silicon Valley has a sale price to list price ratio of anywhere from 100% to 110%, it’s generally lower here, making the home buying conditions calmer for weary buyers, though still a sellers market. Below is a chart with basic info, but to see more information, you may click on this link to see the Real Estate Report for Morgan Hill.

Trends at a Glance for Single Family Homes in Morgan Hill

Trends At a Glance May 2018 Previous Month Year-over-Year
Median Price $1,100,000 (0.0%) $1,100,000 $887,500 (+23.9%)
Average Price $1,130,880 (+0.7%) $1,122,850 $908,325 (+24.5%)
No. of Sales 55 (+17.0%) 47 50 (+10.0%)
Pending 59 (-3.3%) 61 80 (-26.3%)
Active 54 (+17.4%) 46 76 (-28.9%)
Sale vs. List Price 104.3% (0.0%) 104.3% 100.4% (+3.8%)
Days on Market 31 (-31.0%) 45 15 (+102.9%)
Days of Inventory 29 (+3.8%) 28 46 (-35.4%)

 

And the numbers from last month:

 

Trends At a Glance Apr 2018 Previous Month Year-over-Year
Median Price $1,100,000 (+10.0%) $1,000,000 $760,000 (+44.7%)
Average Price $1,122,850 (-0.4%) $1,126,810 $838,204 (+34.0%)
No. of Sales 47 (+42.4%) 33 24 (+95.8%)
Pending 61 (-12.9%) 70 65 (-6.2%)
Active 46 (+31.4%) 35 80 (-42.5%)
Sale vs. List Price 104.3% (+0.5%) 103.7% 102.4% (+1.8%)
Days on Market 45 (+92.4%) 24 27 (+70.0%)
Days of Inventory 28 (-10.8%) 32 97 (-70.6%)

 

Trends At a Glance May 2018 Previous Month Year-over-Year
Median Price $705,000 (+0.4%) $702,500 $555,000 (+27.0%)
Average Price $711,444 (+2.6%) $693,400 $575,571 (+23.6%)
No. of Sales (-10.0%) 10 (+28.6%)
Pending (0.0%) 8 (+33.3%)
Active (+50.0%) 4 (-25.0%)
Sale vs. List Price 104.0% (-1.1%) 105.2% 102.4% (+1.5%)
Days on Market (-47.8%) 16 18 (-52.5%)
Days of Inventory 20 (+72.4%) 12 34 (-41.7%)

 

And from last month:

 

 

Live charts from Altos Research

The following charts are from Altos Research, updated automatically each week, using data of homes available to purchase (not sold / closed sales), for the Morgan Hill real estate market. (I have a paid subscription to this service.)

Morgan Hill homes listed for sale by price quartile – interesting to see how the “high end” has taken off compared to everything else.

Real Estate Market Chart by Altos Research www.altosresearch.com

 

Morgan Hill houses for sale average days on market

Real Estate Market Chart by Altos Research www.altosresearch.com

Inventory of single family homes available to purchase

Real Estate Market Chart by Altos Research www.altosresearch.com

 

The Morgan Hill condo market

List prices by quartile:

Real Estate Market Chart by Altos Research www.altosresearch.com

Average days on market

Real Estate Market Chart by Altos Research www.altosresearch.com

Inventory:
Real Estate Market Chart by Altos Research www.altosresearch.com

 

Listed properties for sale

Morgan Hill single family homes for sale

  1. 2 beds, 2 baths
    Home size: 1,582 sq ft
    Lot size: 5,122 sqft
    Year built: 2015
  2. 4 beds, 3 baths
    Home size: 2,759 sq ft
    Lot size: 14,601 sqft
    Year built: 1975
  3. 5 beds, 6 baths
    Home size: 5,105 sq ft
    Lot size: 10,829 sqft
    Year built: 2002
  4. 3 beds, 2 baths
    Home size: 1,220 sq ft
    Lot size: 8,485 sqft
    Year built: 1976
  5. 2 beds, 1 bath
    Home size: 972 sq ft
    Lot size: 1.38 ac
    Year built: 1949

See all Real estate in the city of Morgan Hill.
(all data current as of 7/22/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

Morgan Hill townhouses for sale

  1. 4 beds, 4 baths
    Home size: 2,002 sq ft
    Lot size: 1,772 sqft
    Year built: 2012
  2. 2 beds, 2 baths
    Home size: 1,008 sq ft
    Lot size: 731 sqft
    Year built: 1984
  3. 5 beds, 4 baths
    Home size: 1,929 sq ft
    Lot size: 1,650 sqft
    Year built: 2015
  4. 3 beds, 3 baths
    Home size: 1,716 sq ft
    Lot size: 1,803 sqft
    Year built: 1984
  5. 3 beds, 2 baths
    Home size: 1,543 sq ft
    Lot size: 1,420 sqft
    Year built: 1981

See all Real estate in the city of Morgan Hill.
(all data current as of 7/22/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

Morgan Hill condominiums for sale

  1. 4 beds, 4 baths
    Home size: 2,002 sq ft
    Lot size: 1,772 sqft
    Year built: 2012
  2. 2 beds, 2 baths
    Home size: 1,008 sq ft
    Lot size: 731 sqft
    Year built: 1984
  3. 5 beds, 4 baths
    Home size: 1,929 sq ft
    Lot size: 1,650 sqft
    Year built: 2015
  4. 3 beds, 3 baths
    Home size: 1,716 sq ft
    Lot size: 1,803 sqft
    Year built: 1984
  5. 3 beds, 2 baths
    Home size: 1,543 sq ft
    Lot size: 1,420 sqft
    Year built: 1981

See all Real estate in the city of Morgan Hill.
(all data current as of 7/22/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Translation

Mary Pope-Handy
Realtor
ABR, CIPS, CRS, SRES
Sereno Group Real Estate
214 Los Gatos-Saratoga Rd
Los Gatos, CA 95030
408 204-7673
Mary (at) PopeHandy.com
License# 01153805


Selling homes in
Silicon Valley:
Santa Clara County,
San Mateo County, and
Santa Cruz County.
:
Special focus on:
San Jose, Los Gatos,
Saratoga, Campbell,
Almaden Valley,
Cambrian Park.
Let’s Connect
Find Mary on FacebookFollow Mary on Twitter
RSS FeedFollow Mary on YouTube

Please see more icons
at the bottom of the page.

The real estate search
Use the widget below to browse properties which are for sale, under contract (pending) or sold. Want to view only homes which are available now? Use the "find a home" link on the menu above (next to the "home" button).
Mary’s other sites & blogs
Valley Of Hearts Delight
Santa Clara County Real Estate,
with an interest in history

Move2SiliconValley.com
Silicon Valley relocation info

popehandy.com
Silicon Valley real estate,
focus on home selling

Silicon Valley Real Estate Report
Silicon Valley real estate
market trends & statistics
Mary’s Blog Awards
Top 25 real estate blogs of 2018 by RentPrep2018 RentPrep.com's list of top 25 real estate blogs to follow


Top 25 real estate blogs 2016
2016: Personal Income's list of top 25 real estate blogs.


Best Realtor blog award
2016: Coastal Group OC's list of best Realtor blogs


The 2009 Sellsius list of top 12 women real estate bloggers
2009: Sellsius list of top
12 women real estate bloggers


Mary Pope-Handy's Live in Los Gatos blog won the 2007 Project Blogger contest, sponsored by Inman News and Active Rain

2007: Mary Pope-Handy and Frances Flynn Thorsen win the Project Blogger Contest for Mary's Live in Los Gatos blog. The contest was sponsored by
Active Rain and Inman News.


Non blog award


Best real estate agent in Silicon Valley from the San Jose Mercury News poll of readers in 2011
"Best real estate agent
in Silicon Valley"

2011 readers' poll,
San Jose Mercury News

Categories