Morgan Hill Real Estate Market Sees Sales Decline

The Morgan Hill market slowed with an 8.1% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 37.6 monthly average with 34 homes sold. Meanwhile, close-by San Jose reported 472 homes sales, the highest number from all the surrounding cities. The median sales price climbed to $732,500, up from last week's $720,000. With only one month of inventory to sell, Morgan Hill is a solid seller's market, in spite of the dip in sales.

You can be the one to discover a gem in Morgan Hill by checking out these new listings:

$729K   $1.2M   $1.3M  

Get started right now by checking out Morgan Hill homes for sale or reviewing Morgan Hill real estate trends.

Demographic facts for Morgan Hill:

  • The total number of households here is 12,326.
  • The unemployment rate for this area is 9.1%.
  • Schools spend an average of $4,353 for each student in this area. ($5,691 = national average)

Data reported through 1/11/2017

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Coldwell Banker
Snapped 9 homes in this area
Intero Real Estate Services
Snapped 1 home in this area
Keller Williams Realty-Silicon Valley
Snapped 40 homes in this area

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