Morgan Hill Market Report
$1,630,269
AVERAGE PRICE OF 56 HOMES$2,156,897
AVERAGE PRICE OF 36 MULTI-MILLION DOLLAR HOMES$998,000
AVERAGE PRICE OF 1 NEWLY BUILT HOMES$1,939,828
AVERAGE PRICE OF 18 HOMES WITH A POOL$1,744,725
AVERAGE PRICE OF 4 REDUCED PRICE HOMESAverage Home
| Average Price | $1,630,269 |
| Avg Bedrooms | 3.64 beds |
| Avg Bathrooms | 2.54 baths |
Average Price by Bedrooms
| 1 bedroom | $498,000 |
| 2 bedrooms | $778,714 |
| 3 bedrooms | $1,021,396 |
| 4 bedrooms | $1,956,928 |
| 5 bedrooms | $2,913,778 |
Morgan Hill Home Price Trends
| 1/2023 | 12/2022 | 11/2022 | 10/2022 | 9/2022 | |
|---|---|---|---|---|---|
| Total Listings | 47 | 69 | 89 | 101 | 117 |
| Average Price | $1,723,699 | $1,542,602 | $1,503,509 | $1,508,394 | $1,566,741 |
| Avg Price Change | +11.74% | +2.60% | -0.32% | -3.87% | -1.81% |
| Median Price | $1,336,347 | $1,286,443 | $1,331,100 | $1,282,667 | $1,340,257 |
| Med Price Change | +3.88% | -3.47% | +3.78% | -4.49% | -2.09% |
| Avg Bedrooms | 3.8 beds | 3.62 beds | 3.56 beds | 3.55 beds | 3.62 beds |
| Avg Bathrooms | 2.66 baths | 2.59 baths | 2.49 baths | 2.51 baths | 2.59 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Ann Sobrato High | 10 | $1,846,684 | 13 days |
| Live Oak High | 5 | $1,404,760 | 22 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 56 | $1,630,269 | 17 days |
| Multi-Million Dollar Homes | 36 | $2,156,897 | 18 days |
| Newly Built Homes | 1 | $998,000 | 5 days |
| Homes with a Pool | 18 | $1,939,828 | 17 days |
| Reduced Price Homes | 4 | $1,744,725 | 21 days |
