Morgan Hill Housing Market · 2026

Data through Mar 2026

Morgan Hill Market Snapshot

Morgan Hill is a balanced market, but competition has been picking up. Here's where things stand:

Based on 39 homes sold in March 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through March 2026

SalesWhat are homes selling for?
Median Sale Price
$1.23M
Down 9.6% from March 2025
Down $130K from March 2025
Homes Sold
39
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$7,673/mo
6.53% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$6,214
  • Property Tax$1,276
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
11 days
11 fewer days than in March 2025
Homes sell in a week or two
Sale-to-List Ratio
100.6%
Down from 102.1% in March 2025
Selling at or near asking price
% Sold Over Asking
46%
46% of homes sold above asking, some competition
Active Listings
69
Down 6.8% from March 2025
About 1.8 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in Morgan Hill.

Median Sale Price
Down 9.6% year-over-year in Morgan Hill. Based on 39 sales in the most recent month.
Homes Sold
15% more homes sold than a year ago in Morgan Hill.
Total Monthly Payment
Estimated monthly cost is down 11% from a year ago in Morgan Hill, reflecting changes in both price and mortgage rates.

Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.

30-Year Fixed Mortgage Rate (National Avg.)
National average currently at 6.53%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about Morgan Hill

Is now a good time to buy in Morgan Hill?

Morgan Hill is balanced but competition is picking up. It remains a reasonable environment for buyers, though acting decisively on well-priced homes is becoming more important.

How do Morgan Hill home prices compare to the Bay Area average?

At $1.23M, Morgan Hill's median sits about 35% below the Bay Area average of $1.88M. That average is skewed high by ultra-premium peninsula enclaves like Atherton and Woodside, so a more useful frame is that Morgan Hill is one of the more accessible corners of the Bay Area.

By home type:

  • Single-family homes at $1.46M
  • Townhomes at $883K
  • Condos at $970K
What price range should I budget for in Morgan Hill?

Prices in Morgan Hill depend heavily on home type and specific neighborhood. Median sale prices by type:

  • Single-family homes at $1.46M
  • Townhomes at $883K
  • Condos at $970K

Individual listings vary widely based on location, size, and condition. The best calibration is to narrow to a few specific neighborhoods you are considering and look at recent sales there.

How competitive is Morgan Hill for buyers?

Morgan Hill is a balanced market where neither side dominates:

  • Homes sell about 0.6% above asking on average
  • 46% close above list price
  • 11 days typical time to go pending
  • 23% of listings have had a price reduction

Buyer strategy: contingencies are more accepted, and there is time to tour and negotiate without extreme pressure.

What will my total monthly cost be on a median-priced Morgan Hill home?

At $1.23M with 20% down at 6.53%, your estimated total monthly cost is approximately $7,673:

  • $6,214 principal and interest
  • $1,276 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.

No noise, just a quick weekly read on what's going on in your market.

Melanie Tan
Melanie Tan
DRE #02250755
“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
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