Morgan Hill Home Prices
· Single-family homes · MLS sold data
Morgan Hill's average sold price for single-family homes was $1,681,865 over the last three months, down 6.9% compared with three months ago and down 8.8% over six months. Homes sold right at asking on average, at $675 per square foot, across 66 sales. That's the 21st highest average price of the 29 Bay Area cities on the map. Homes that sold here averaged 2,639 sq ft on lots averaging 20,444 sq ft over the last six months.
Avg sold price · 3 mo
$1,681,865
21st highest of 29 cities
Price change · 3 mo
−6.9%
1 mo −6.5% · 6 mo −8.8%
Over asking · 3 mo
0.0%
29-city average +6.2%
$ / sq ft · 3 mo
$675
29-city average $1,064
Homes sold · 3 mo
66
single-family sales
Avg home size · 6 mo
2,639 sf
on 20,444 sf lots
3-month price changeBeyond -5%-3 to -5%-1 to -3%Within 1%+1 to +3%+3 to +5%Beyond +5%Not in the table
Morgan Hill vs. Nearby Cities
| City | Avg sold price | 3-mo | $ / sq ft | Over asking |
|---|---|---|---|---|
| Morgan Hill | $1,681,865 | −6.9% | $675 | 0.0% |
| Los Gatos | $2,662,923 | −14.7% | $1,108 | +1.2% |
| San Jose | $1,747,127 | −6.6% | $979 | +1.5% |
| Campbell | $2,198,977 | −7.3% | $1,251 | +1.1% |
| Saratoga | $4,552,437 | −4.9% | $1,590 | +1.1% |
Questions About Morgan Hill Home Prices
What is the average home price in Morgan Hill?
$1,681,865 for a single-family home, or $675 per square foot, averaged over 66 sales in the last three months. That ranks 21st of the 29 cities on the map, on the more affordable side. Over the last six months, the average home that sold had 2,639 sq ft of living space.
Are prices going up or down?
Down lately. The average sold price fell 6.5% from last month and is 6.9% below where it was three months ago. Over six months it's down 8.8%, so this isn't just a one-month blip.
Are homes selling over asking?
Right at asking. Homes sold for their list price on average, compared with 6.2% over asking across all 29 cities, so offers tend to land close to list.
Where does this data come from?
These numbers come from MLS sold data for detached single-family homes, so condos and townhomes aren't included. Josh Uy, a Bay Area Realtor with Everhome Real Estate (DRE 01952401), compiles them every month for his Bay Area Market Snapshot.
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Home Prices in Other Bay Area Cities
SF & Peninsula
AthertonFoster CityHillsboroughLos AltosLos Altos HillsPacificaPalo AltoSan FranciscoSan MateoSouth San Francisco
East & South Bay
CampbellCupertinoDublinFremontHaywardLivermoreLos GatosMilpitasMountain ViewNewarkOaklandPleasantonSan JoseSan RamonSanta ClaraSaratogaSunnyvaleUnion City
Avg sold price, % over asking, $/sq ft and homes sold cover the last 3 months. Avg home and lot size cover the last 6 months. Price changes compare the 3-month avg sold price with the same figure 1, 3 and 6 months earlier. Single-family homes only.
Source: MLS sold data via Josh's Bay Area Market Snapshot. Updated monthly by Josh Uy. See Bay Area home prices by city on the heat map