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Featured local agent — Morgan Hill, CA
Sarah Mitchell
Compass Real Estate · Morgan Hill, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Morgan Hill, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.34Mmedian sale price
How is the Morgan Hill, CA housing market right now?
The median home sale price in Morgan Hill, CA is $1.34M, down 2.8% year-over-year. Homes sell in an average of 13 days with 100 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Morgan Hill a buyer's or seller's market?
Morgan Hill, CA is currently a strong seller's market, based on 2.9 months of supply and homes selling in about 13 days. How we determine this →
Homes sold
35
Last 12 weeks
Days on market
13
Fast-moving
Active listings
100
2.9 months supply
Sale-to-list
100.8%
Above asking
What does the Morgan Hill housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.34M |
| Median list price | $1.20M |
| Year-over-year price change | -2.8% |
| Average days on market | 13 days |
| Active inventory | 100 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 100.8% |
| Median price per sq ft | $665/sq ft |
| Homes sold (latest month) | 35 |
| New listings (latest month) | 56 |
| Listings with a price cut | 46.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Morgan Hill by property type?
How the Morgan Hill, CA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.39M | $661/sq ft | 32 | 11 days |
| Condo / Co-op | $622,500 | $761/sq ft | 2 | 121 days |
| Townhouse | $720,000 | $703/sq ft | 1 | 135 days |
Source: Redfin · Updated monthly
The Morgan Hill housing market is currently classified as a strong seller's market with a median sale price of $1.34M. Prices have fallen 2.8% compared to last year, with homes spending an average of 13 days on market, indicating 2.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 8.5x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Morgan Hill
There are currently 100 homes listed for sale in Morgan Hill, California. The median listing price is $1.2M.
Active listings
100
Homes on market
Median list price
$1.2M
Avg. days on market
13
Days until sale
New this week
56
Newly listed
Who lives in Morgan Hill?
Population
45,152
Median income
$159,758/yr
Median age
38.8 years
Owner-occupied
72.3%
College grads
44.0%
Avg commute
34.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Morgan Hill?
Zillow home value
$1.35M
Zillow rent index
$3,663/mo
Price-to-rent ratio
30.8x
Price-to-income
8.5x
Source: Zillow Research
What is it like to live in Morgan Hill?
Morgan Hill is a community of approximately 45K residents with a median age of 38.8 years.The median household income is $159,758, which reflects a relatively affluent area with strong earning potential. 44.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 72.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 34.8 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Morgan Hill offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Morgan Hill?
12 schools tracked · 7,254 students
The largest public schools serving Morgan Hill, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Ann Sobrato High
Grades 9-12 · 1,510 students
Live Oak High
Grades 9-12 · 1,111 students
Jackson Academy of Music and Math (JAMM)
Grades K-8 · 684 students
Charter School of Morgan Hill
Grades K-8 · 654 students
Nordstrom Elementary
Grades K-5 · 623 students
Lewis H. Britton Middle
Grades 6-8 · 613 students
El Toro Health Science Academy
Grades K-5 · 462 students
P. A. Walsh STEAM Academy
Grades K-5 · 410 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Morgan Hill, CA?
Want a head-to-head view? Compare Morgan Hill side-by-side with any other U.S. city using our market-comparison tool.
Is Morgan Hill a good real estate investment market?
For investors evaluating Morgan Hill, the price-to-rent ratio of 30.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 2.8% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Morgan Hill's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Morgan Hill's median home price.
Frequently asked questions
What is the average home price in Morgan Hill?
The median home sale price in Morgan Hill is $1.34M, down 2.8% from last year.
How long do homes stay on market in Morgan Hill?
Homes typically spend 13 days on market before going under contract.
What is the median income in Morgan Hill?
The median household income is $159,758 per year.
Is Morgan Hill a buyer's or seller's market?
With 2.9 months of supply, Morgan Hill is currently a strong seller's market.
What is the Zillow home value estimate for Morgan Hill?
The Zillow Home Value Index (ZHVI) for Morgan Hill is $1.35M, representing the typical home value in the area.
What is the median condo price in Morgan Hill?
The median condo/co-op sale price in Morgan Hill, CA is $622,500, compared to $1.39M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Morgan Hill?
The median single-family home price in Morgan Hill, CA is $1.39M (about $661 per square foot).
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