Morgan Hill housing prices have seen a decrease of -2.4% over the last thirty days compared to the previous six months. The average house price over the last month is $1,123,947. Below you’ll find numerous charts and graphs breaking down real estate market trends in Morgan Hill.
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|Recent Trends||Previous 30 Days||Previous 180 Days||% ChangeOver 6 Months||Year Over Year|
|Average Sales Price||$1,123,947||$1,151,589||-2.4%||-0.6%|
|Average List Price||$1,136,174||$1,160,295||-2.1%||-0.3%|
|Sales Price vs List Price||98%||99%||-1.0%||-1.0%|
|Avg Days on Market||47||37||27.0%||23.7%|
|Avg Homes Sold Per Month||40||44||-8.4%||14.8%|
Want to view real estate prices in a specific Morgan Hill neighborhood? Click the + sign and choose your neighborhood.
Below you’ll see a comparison between the square footage and price per square foot for each Morgan Hill house price over the last 180 days. Hover over a point to see more information about each home that sold.
Properties in Morgan Hill can be divided into three categories: small interior square footage, average interior square footage, and the higher end of interior square footage. This data can give you a rough overview on which bucket your home may fall into with Morgan Hill home prices.
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|Low End||Average End||High End|
|Avg Sq Ft Range||832 - 1794 sq ft||1795 - 2991 sq ft||2992 - 6323 sq ft|
|Avg Sold Price||$722,500||$1,215,000||$2,749,000|
|Avg Price Per Sq Ft||$550||$537||$590|
Data is from the previous 90 days and pulled directly from the MLS.
Median List Price
Average Days on Market
Median Sq Ft
Average Price per Sq Ft
Data is pulled directly from the MLS and is comparing the last 30 days to the previous 12 months average.
Hover over a candlestick to see the median sales price and the median list price for any given month
# of Homes Sold
Median Sold Price for 2BR
Median Sold Price for 3BR
Median Sold Price for 4+BR
# of Condos/Townhomes Sold
Median Sold Price of Condos/Townhomes
Dollar amounts are calculated based upon median values of all sold listings over the last 90 days and updated daily.
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Morgan Hill house prices have seen a median sales price of $1,032,771 over the last 90 days - a 3.1% increase in comparison to the previous twelve months. In the same 90 days, 159 properties have closed escrow in the area, 131 of which were single family residences, and the remaining 28 of which were condos or townhomes. The single family residences in Morgan Hill had an average list price of $1,161,468 and were on the market for 37 days on average, with a sold to list price ratio of 99% in the past 90 days. In terms of size, the median square footage for single family residences was 2505, with the average price per square foot sitting at $442. The median sold price for a three bedroom home in the area was $838,575, compared with $1,035,000 for a four bedroom. Over the last 180 days, housing prices in Morgan Hill had a median sold to list price ratio for single family residences of 99%, which is 0% less compared to the past 90 days. This shows a slightly upward trend in the Morgan Hill real estate market.
According to the MLS, there are currently 78 single family residences for sale in Morgan Hill in addition to 21 condos and townhomes, all of which are averaging 75 days on the market. Of the single family residences, the average list price is sitting at $1,167,342 – 1% more than the sold prices of the past 90 days. Regarding the condos and townhomes, an average list price of $771,651 means that prices are sitting at 12% more compared to the past 90 days.
Morgan Hill has approximately 14,916 households, with the average home built around around 1983. Of all of the households found in Morgan Hill today, roughly 62% are married and 42% have children, with an average income of $130,774 and about 25% of residents possessing a bachelor’s degree.