Morgan Hill, CA Housing Market
Median List Price
$1,499,999
Updated August 2026
Today, Morgan Hill has 106 homes for sale at a median list price of $1,499,999, typically selling in about 87 days.
Morgan Hill Market Analysis
The median list price in Morgan Hill, CA is $1.5M. Current inventory stands at 106 active listings. 32 new listings came on the market in the last 30 days.
Expect a median around $674,900 for two bedroom homes and $3.1M at the six bedroom end. Single family homes lead the mix at 71.7%, with townhomes accounting for another 19.8%. February to July saw the median price go from $1.4M to $1.3M, down about 5.5%. On a per square foot basis, the median runs $573.
Homes here typically go under contract in about 15 days. Homes move quickly at that pace, which favors sellers and rewards buyers who come prepared. Addresses here carry the 95037 ZIP code.
Morgan Hill Rental Market
The median asking rent in Morgan Hill, CA is $4,950. Current inventory stands at 3 active rental listings. January to June saw the median rent go from $4,000 to $8,000, up about 100.0%.
Morgan Hill Market Pulse
Topfind Market Read
Buyers hold the edge right now. The typical home takes about 87 days to sell, and 41% of sellers have trimmed their asking price. At the same time, selling times have improved 42% versus six months ago, and sales volume is up 56% versus six months ago, which keeps well-priced homes moving. Buyers have room to negotiate price and terms, while sellers should price sharply and present well to stand out.
Median Home Price
$1.50M
↑ 5% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
4.2 months of supply
Balanced Supply106 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~87 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs. The trend is moving the other way though, with selling times down 42% over the last six months.
Inventory Distribution
A larger share of listings has been up beyond 30 days, which typically means more room to negotiate on those longer-listed homes.
Housing Tenure in Morgan Hill
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
72%
Homeowners
28%
Renters
Homeownership is 16.5 points higher than the California average (55.5%)
14,511 households (2023)
Median Price by Bedroom
Home prices generally rise with bedroom count, though not every step adds value.
Each additional bedroom adds about $349K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 5 → 6 bedrooms (+$924K)
Price Reductions
43 listings have reduced their price
41% of active listings
Average reduction: 6.7% (~$101K)
Browse Morgan Hill Listings
Frequently Asked Questions about the Morgan Hill, CA Housing Market
What is the median home price in Morgan Hill, CA?
The median list price in Morgan Hill is $1,499,999 as of August 2026, based on 106 active listings.
Is Morgan Hill a buyer's market or a seller's market?
Morgan Hill currently reads as a buyer's market. Active inventory works out to about 4.2 months of supply at the recent sales pace.
How fast do homes sell in Morgan Hill?
Homes that closed in the last 90 days typically went under contract in about 15 days. The average home currently for sale has been on the market for 87 days.
Are home prices in Morgan Hill going up or down?
The median sale price in Morgan Hill is up about 5.4% compared with a year ago.
How many homes are for sale in Morgan Hill, CA?
There are 106 homes for sale in Morgan Hill right now, including 10 listed within the last week.
What is the median rent in Morgan Hill?
The median asking rent in Morgan Hill is $4,950 per month, across 3 active rental listings.