Morgan Hill Housing Market Report – June 2026
Here's a look at how the Morgan Hill, CA real estate market performed in June 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 61
- Median Sale Price: $1,400,000
- Average Sale Price: $1,562,133
- Average Price Per Sq Ft: $666
- Average Days on Market: 70
- Sale-to-List Price Ratio: 99.9%
Month-Over-Month Trends
Compared to May, the median sale price in Morgan Hill moved 5.1% up (from $1,332,500 to $1,400,000). The number of homes sold was 27.1% up compared to the prior month (48 vs. 61). Average days on market shifted 20.5% down (88 days to 70 days).
Year-Over-Year Comparison
Compared to June 2025, the median sale price is 1.0% down (from $1,414,444 to $1,400,000). Sales volume is 45.2% up year-over-year.
What This Means
Morgan Hill's housing market is firing on all cylinders as we head into summer. June brought a median sale price of $1.4 million with homes selling at nearly full asking price—that 99.9% ratio tells you sellers have upper hand here. The more telling story is how quickly homes are moving: properties now spend an average of just 70 days on market, down from 88 days last month. That's a meaningful acceleration, suggesting buyer interest is picking up as we move deeper into peak season. The price-per-square-foot metric of $666 reflects the area's positioning as a more affordable alternative to Silicon Valley proper, which continues to draw buyers willing to trade a longer commute for better value.
One wrinkle: while median prices are up 5.1% month-over-month, they're actually down 1% year-over-year. This suggests the market has settled into a new equilibrium after softness in early 2025, rather than experiencing explosive growth. The 193 active listings with a median asking price of $1.299 million show solid inventory—not tight, but not oversupplied either. For sellers, this is a seller's market. For buyers, it's relatively balanced with room to negotiate, especially on properties that have lingered beyond 80 days.
Morgan Hill Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95037 | 61 | $1,400,000 | $666 | 70 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 45 | $1,650,000 | $706 |
| TOWNHOMES | 7 | $825,000 | $553 |
| CONDOS | 3 | $617,000 | $553 |
| MOBILE | 2 | $462,500 | $371 |
| LAND | 2 | $1,065,000 | N/A |
| MULTI_FAMILY | 1 | $1,046,000 | $572 |
| CONDO | 1 | $1,150,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $400K - $499K | 1 |
| $500K - $749K | 9 |
| $750K+ | 51 |
Current Active Listings
As of this report, there are 193 active listings in Morgan Hill with a median asking price of $1,299,000 and an average of 80 days on market.
Thinking About Selling Your Morgan Hill Home?
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