95037 Housing Market
Median List Price
$1,499,999
Updated August 2026
Today, the 95037 ZIP code in Morgan Hill, CA has 106 homes for sale at a median list price of $1,499,999, typically selling in about 87 days.
95037 Housing Market Overview
The median list price in the 95037 ZIP code is $1.5M. That sits close to the overall Morgan Hill figure. Current inventory stands at 106 active listings. February to July saw the median price go from $1.4M to $1.3M, down about 6.2%.
95037 Area 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
↑ 11% 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 95037 Area
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 95037 Listings
Frequently Asked Questions about the 95037 Housing Market
What is the median home price in the 95037 ZIP code?
The median list price in the 95037 ZIP code is $1,499,999 as of August 2026, based on 106 active listings.
Is the 95037 ZIP code a buyer's market or a seller's market?
The 95037 ZIP code 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 the 95037 ZIP code?
The average home currently for sale in the 95037 ZIP code has been on the market for 87 days.
Are home prices in the 95037 ZIP code going up or down?
The median sale price in the 95037 ZIP code is up about 11.0% compared with a year ago.
How many homes are for sale in the 95037 ZIP code?
There are 106 homes for sale in the 95037 ZIP code right now, including 10 listed within the last week.