Morgan Hill Housing Market Report – May 2026
Here's a look at how the Morgan Hill, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 49
- Median Sale Price: $1,325,000
- Average Sale Price: $1,496,880
- Average Price Per Sq Ft: $691
- Average Days on Market: 88
- Sale-to-List Price Ratio: 99.0%
Month-Over-Month Trends
Compared to April, the median sale price in Morgan Hill moved 3.9% up (from $1,275,000 to $1,325,000). The number of homes sold was 14.0% up compared to the prior month (43 vs. 49). Average days on market shifted 37.5% up (64 days to 88 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 6.0% up (from $1,250,000 to $1,325,000). Sales volume is 32.4% up year-over-year.
What This Means
Morgan Hill's housing market is showing steady strength heading into summer, though with some mixed signals worth watching. The median sale price hit $1,325,000 in May, up a solid 6.0% year-over-year and 3.9% from April. More importantly, homes are selling at 99% of list price, which reflects a market where supply and demand remain relatively balanced—sellers aren't desperate to discount, but buyers aren't getting steamrolled either. This is a healthy sweet spot for a Silicon Valley suburb where prices have been climbing steadily.
The one caution flag is days on market, which jumped from 64 days in April to 88 days in May. That's a 37.5% increase and suggests inventory is starting to stack up as we hit late spring. With 182 active listings on hand, there's noticeably more selection than homes actually selling. The seasonal slowdown heading into summer combined with lingering economic uncertainty likely explains the longer marketing times. Buyers clearly have options now, which is a shift from the ultra-tight conditions of recent years.
Overall, Morgan Hill remains a seller-friendly market, but momentum is moderating. If you're selling, pricing right matters more than it did a few months ago. Buyers, meanwhile, have a bit more negotiating room than they've had in a while.
Morgan Hill Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95037 | 49 | $1,325,000 | $691 | 88 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 38 | $1,475,000 | $711 |
| MOBILE | 3 | $287,500 | $263 |
| CONDOS | 3 | $680,000 | $790 |
| OTHER | 1 | $290,000 | N/A |
| CONDO | 1 | $1,271,500 | N/A |
| TOWNHOMES | 1 | $720,000 | $703 |
| LAND | 1 | $350,000 | N/A |
| MULTI_FAMILY | 1 | $1,650,000 | $917 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $200K - $299K | 3 |
| $300K - $399K | 1 |
| $400K - $499K | 1 |
| $500K - $749K | 4 |
| $750K+ | 40 |
Current Active Listings
As of this report, there are 182 active listings in Morgan Hill with a median asking price of $1,297,000 and an average of 75 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 Santa Clara County — get a no-obligation cash offer today.