Morgan Hill Housing Market Report – March 2026
Here's a look at how the Morgan Hill, CA real estate market performed in March 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 54
- Median Sale Price: $1,350,000
- Average Sale Price: $1,709,900
- Average Price Per Sq Ft: $624
- Average Days on Market: 66
- Sale-to-List Price Ratio: 100.0%
Month-Over-Month Trends
Compared to February, the median sale price in Morgan Hill moved 0.9% up (from $1,337,500 to $1,350,000). The number of homes sold was 28.6% up compared to the prior month (42 vs. 54). Average days on market shifted 31.2% down (96 days to 66 days).
Year-Over-Year Comparison
Compared to March 2025, the median sale price is 6.1% up (from $1,272,500 to $1,350,000). Sales volume is 12.5% up year-over-year.
What This Means
Morgan Hill's housing market is firing on all cylinders this March, with momentum building noticeably from both seasonal and fundamental shifts. Sales volume jumped nearly 29 percent month-over-month, the strongest monthly gain in recent activity, while homes are moving nearly twice as fast as they were just a month ago. The fact that homes are selling at exactly list price—a rare occurrence—suggests we're in a genuine seller's market where inventory simply can't keep up with demand. Spring seasonality is definitely at play here, but the underlying trends point to something more durable: year-over-year, prices are up 6.1 percent and sales are up 12.5 percent, indicating sustained interest in the South Bay area.
The elephant in the room is that 147 active listings pale in comparison to the buying appetite, which typically means prices will continue creeping upward. The gap between the median sale price of 1.35 million and the average of 1.71 million suggests some luxury inventory is skewing the upper end, though single-family homes still dominate sales at 56 percent of closings. Buyers should expect continued competition and bidding wars, especially for properties in the 1.2 to 1.5 million range where most active listings are priced. For sellers, this is genuinely one of the better windows we've seen in 2026.
Morgan Hill Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95037 | 54 | $1,350,000 | $624 | 66 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 30 | $1,452,500 | $694 |
| OTHER | 8 | $3,300,000 | N/A |
| TOWNHOMES | 8 | $917,500 | $505 |
| CONDOS | 5 | $999,999 | $524 |
| MOBILE | 2 | $429,500 | $313 |
| LAND | 1 | $3,300,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $300K - $399K | 1 |
| $400K - $499K | 1 |
| $500K - $749K | 1 |
| $750K+ | 51 |
Current Active Listings
As of this report, there are 147 active listings in Morgan Hill with a median asking price of $1,315,857 and an average of 66 days on market.
Thinking About Selling Your Morgan Hill Home?
If you're a homeowner in Morgan Hill considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Morgan Hill and throughout the Central Valley — get a no-obligation cash offer today.
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