Morgan Hill, CA Housing Market: Home Prices and Trends
Morgan Hill, Santa Clara County, Silicon Valley. Home prices, inventory, and real estate market trends from five years of MLS data, updated monthly.
- Median sale price
- The median sale price of a home in Morgan Hill was $1.40M in September 2026, based on 27 closed sales, unchanged vs Last Year. The average sale price was $1.31M, down 9.4% vs Last Year.
- Compared with the county
- The Morgan Hill median sale price of $1.40M sits 15.2% below the Santa Clara County median of $1.65M for September 2026.
- Days on market
- Homes in Morgan Hill sold in a median of 27 days on market in September 2026, and an average of 42 days, down 1.3% vs Last Year. The county average was 31 days.
- Active listings
- There were 110 active listings in Morgan Hill as of September 15, 2026, down 15.4% vs Last Year, or 2.8 months of supply against 2.5 months countywide.
- Sale to list ratio
- Closed sales in Morgan Hill averaged 99.7% of final list price in September 2026, up 2.0% vs Last Year. The Santa Clara County figure was 103.3%.
- Closed sales, 2026
- 317 homes closed in Morgan Hill from January through September 2026 for $475.53M, unchanged in sales and up 1.3% in volume vs Last Year.
- Sale price, 2026 year to date
- The 2026 year to date median sale price in Morgan Hill is $1.38M, unchanged vs Last Year. The year to date average sale price is $1.50M, up 1.3% vs Last Year.
- Price per square foot, 2026 year to date
- The 2026 year to date median price per square foot in Morgan Hill is $643, up 2.2% vs Last Year. The average price per square foot is $669, up 0.6% vs Last Year.
The Morgan Hill market in September 2026
One figure stands out for Morgan Hill in September 2026: homes in Morgan Hill sold in an average of 42 days on market in September, against 31 days countywide. Morgan Hill recorded a median sale price of $1.40M in September 2026, based on 27 closed sales, level with September 2025, and an average sale price of $1.31M, 9.4% lower. Across Santa Clara County the median sale price was $1.65M, so the median Morgan Hill sale was 15.2% below the county median. Morgan Hill homes sold in a median of 27 days and an average of 42 days, down 1.3% vs Last Year on average, 11 days slower than the county average of 31. The aggregate sale to list ratio was 99.7%, against the county figure of 103.3%. From January through September 2026, 317 homes closed in Morgan Hill for a combined $475.53M, compared with 317 sales and $469.54M over the same nine months of 2025. The 2026 year to date median sale price of $1.38M is level with the same months of 2025, the average of $1.50M is 1.3% higher, and the median price per square foot of $643 is 2.2% higher.
Aegis Market Read: Morgan Hill, September 2026
Calculated by Aegis Luxury Real Estate from MLSListings Inc. data
Homes in Morgan Hill sold in an average of 42 days on market in September, against 31 days countywide. Closed sales in Morgan Hill averaged 99.7% of final list price in September, against 103.3% across Santa Clara County. 27 homes closed in Morgan Hill in September, against a September average of 38 over 2021 to 2025. Half of September's sales closed within 27 days on market while the average ran 42 days, so most homes went under contract well inside the average and a smaller group of slower listings pulled it up. Buyers had less to choose from, with 110 active listings on September 15, 2026, down 15.4% vs Last Year, while closed sales averaged 99.7% of final list price, at or below the final asking price. The September median sale price of $1.40M sits above the 2026, Jan to Sep median of $1.38M, one month set against the year so far.
What is the median home price in Morgan Hill?
The median sale price in Morgan Hill was $1.40M in September 2026, unchanged vs Last Year, against a Santa Clara County median of $1.65M. The average sale price was $1.31M. For 2026 to date the median is $1.38M and the average is $1.50M, with a median price per square foot of $643 and an average of $669.
Median sale price, Morgan Hill, by month, 2021 to 2026, with the 2026 Santa Clara County median, in millions
Median sale price, last 12 months as text
Oct 2025 $1.32M, Nov 2025 $1.53M, Dec 2025 $967K, Jan 2026 $1.23M, Feb 2026 $1.43M, Mar 2026 $1.35M, Apr 2026 $1.31M, May 2026 $1.39M, Jun 2026 $1.50M, Jul 2026 $1.35M, Aug 2026 $1.40M, Sep 2026 $1.40M. Santa Clara County 2026: Jan $1.48M, Feb $1.63M, Mar $1.70M, Apr $1.73M, May $1.70M, Jun $1.65M, Jul $1.61M, Aug $1.55M, Sep $1.65M.
Morgan Hill sale price by year, with Santa Clara County
| Year | Median sale price | Median vs Last Year | Average sale price | Average vs Last Year | Median price per sq ft | Average price per sq ft | County median sale price |
|---|---|---|---|---|---|---|---|
| 2021 | $1.22M | +26.4% | $1.32M | +25.9% | $554 | $577 | $1.39M |
| 2022 | $1.35M | +10.7% | $1.48M | +12.2% | $628 | $663 | $1.50M |
| 2023 | $1.28M | -5.6% | $1.38M | -6.7% | $596 | $635 | $1.50M |
| 2024 | $1.32M | +3.5% | $1.42M | +2.4% | $627 | $646 | $1.63M |
| 2025 | $1.35M | +2.3% | $1.46M | +3.2% | $624 | $659 | $1.67M |
| 2026, Jan to Sep | $1.38M | +0.0% | $1.50M | +1.3% | $643 | $669 | $1.65M |
| Last 12 months | $1.35M | +0.0% | $1.48M | +2.0% | $639 | $662 | $1.64M |
Annual figures are calculated from all closed sales reported to MLSListings Inc. for that calendar year, all property types. The 2026 row covers January through September and is compared with January through September 2025, the same comparison used in the answers above. Last 12 months covers October 2025 through September 2026 and is compared with the 12 months before it.
Morgan Hill sale price by month, 2026 against 2025
| Month | Median 2026 | Median 2025 | Median vs Last Year | Average 2026 | Average 2025 | County median 2026 |
|---|---|---|---|---|---|---|
| Jan | $1.23M | $1.07M | +14.8% | $1.42M | $1.50M | $1.48M |
| Feb | $1.43M | $1.47M | -2.7% | $1.46M | $1.58M | $1.63M |
| Mar | $1.35M | $1.36M | -0.7% | $1.50M | $1.39M | $1.70M |
| Apr | $1.31M | $1.45M | -9.7% | $1.48M | $1.51M | $1.73M |
| May | $1.39M | $1.38M | +0.5% | $1.62M | $1.43M | $1.70M |
| Jun | $1.50M | $1.41M | +6.6% | $1.66M | $1.48M | $1.65M |
| Jul | $1.35M | $1.34M | +1.1% | $1.45M | $1.49M | $1.61M |
| Aug | $1.40M | $1.38M | +1.8% | $1.49M | $1.50M | $1.55M |
| Sep | $1.40M | $1.40M | +0.0% | $1.31M | $1.45M | $1.65M |
How long does it take to sell a home in Morgan Hill?
Homes in Morgan Hill sold in a median of 27 days on market in September 2026 and an average of 42 days, down 1.3% vs Last Year. The Santa Clara County average was 31 days. For 2026 to date the median is 14 days and the average is 36 days.
Average days on market, Morgan Hill, by month, 2021 to 2026, with the 2026 Santa Clara County average, days
Average days on market, last 12 months as text
Oct 2025 42, Nov 2025 32, Dec 2025 37, Jan 2026 70, Feb 2026 47, Mar 2026 31, Apr 2026 35, May 2026 30, Jun 2026 16, Jul 2026 38, Aug 2026 31, Sep 2026 42. Santa Clara County 2026: Jan 40, Feb 27, Mar 21, Apr 20, May 23, Jun 26, Jul 32, Aug 30, Sep 31.
Morgan Hill days on market by year, with Santa Clara County
| Year | Median days on market | Average days on market | Average vs Last Year | County average days on market |
|---|---|---|---|---|
| 2021 | 8 | 16 | -30.6% | 17 |
| 2022 | 9 | 21 | +27.6% | 18 |
| 2023 | 12 | 26 | +22.7% | 21 |
| 2024 | 12 | 24 | -7.3% | 19 |
| 2025 | 16 | 32 | +36.2% | 24 |
| 2026, Jan to Sep | 14 | 36 | +16.5% | 27 |
| Last 12 months | 15 | 36 | +17.9% | 27 |
Days on market is the MLS days on market field reported for each closed sale; sales without that field are left out. The median is the middle sale when every sale is ranked by days on market, so a handful of slow sales moves the average far more than the median. The 2026 row is compared with January through September 2025.
Morgan Hill days on market by month, 2026 against 2025
| Month | Median 2026 | Median 2025 | Average 2026 | Average 2025 | Average vs Last Year | County average 2026 |
|---|---|---|---|---|---|---|
| Jan | 27 | 29 | 70 | 43 | +61.0% | 40 |
| Feb | 11 | 11 | 47 | 28 | +69.8% | 27 |
| Mar | 9 | 12 | 31 | 31 | +0.3% | 21 |
| Apr | 10 | 9 | 35 | 17 | +101.6% | 20 |
| May | 12 | 18 | 30 | 30 | -1.3% | 23 |
| Jun | 9 | 11 | 16 | 19 | -17.0% | 26 |
| Jul | 20 | 30 | 38 | 32 | +19.0% | 32 |
| Aug | 22 | 17 | 31 | 36 | -14.0% | 30 |
| Sep | 27 | 37 | 42 | 43 | -1.3% | 31 |
How many homes are for sale in Morgan Hill?
There were 110 active listings in Morgan Hill as of September 15, 2026, down 15.4% vs Last Year. That is 2.8 months of supply at the pace of sales over the prior three months, against 2.5 months across Santa Clara County.
Active listings on the 15th, Morgan Hill, by month, 2021 to 2026, listings
Active listings, last 12 months as text
Oct 2025 122, Nov 2025 110, Dec 2025 104, Jan 2026 74, Feb 2026 88, Mar 2026 94, Apr 2026 115, May 2026 138, Jun 2026 132, Jul 2026 128, Aug 2026 129, Sep 2026 110.
Morgan Hill average active listings by year
| Year | Average active listings | vs Last Year |
|---|---|---|
| 2021 | 108 | |
| 2022 | 99 | -8.4% |
| 2023 | 74 | -25.9% |
| 2024 | 88 | +19.9% |
| 2025 | 118 | +33.4% |
| 2026, Jan to Sep | 112 | -6.4% |
Active listings are counted on the 15th of each month and include listings under contract that had not yet closed. The annual figure is the average of the monthly counts; the 2026 row averages January through September and is compared with the same months of 2025.
Morgan Hill active listings by month, 2026 against 2025
| Month | 2026 | 2025 | vs Last Year |
|---|---|---|---|
| Jan | 74 | 68 | +8.8% |
| Feb | 88 | 81 | +8.6% |
| Mar | 94 | 111 | -15.3% |
| Apr | 115 | 114 | +0.9% |
| May | 138 | 128 | +7.8% |
| Jun | 132 | 141 | -6.4% |
| Jul | 128 | 156 | -17.9% |
| Aug | 129 | 148 | -12.8% |
| Sep | 110 | 130 | -15.4% |
Morgan Hill active listings by price band, September 15, 2026
| Price band | Active listings | Share of listings | Months of supply |
|---|---|---|---|
| Under $1.5M | 70 | 64% | 3.1 |
| $1.5M to $2.5M | 25 | 23% | 1.9 |
| $2.5M and above | 15 | 14% | 3.8 |
| All price bands | 110 | 100% | 2.8 |
Price bands use the current list price of each active listing. Months of supply is active listings in the band divided by the average monthly closed sales in that band, by closing price, over the prior three months.
How many homes sold in Morgan Hill this year?
317 homes closed in Morgan Hill from January through September 2026, the same as the 317 that closed over the same nine months of 2025. Total sales volume for the period is $475.53M, up 1.3% vs Last Year.
Closed sales, Morgan Hill, by month, 2021 to 2026, homes
Closed sales, last 12 months as text
Oct 2025 39, Nov 2025 30, Dec 2025 30, Jan 2026 29, Feb 2026 33, Mar 2026 39, Apr 2026 32, May 2026 38, Jun 2026 46, Jul 2026 41, Aug 2026 32, Sep 2026 27.
Morgan Hill closed sales by year
| Year | Closed sales | vs Last Year |
|---|---|---|
| 2021 | 698 | -0.7% |
| 2022 | 528 | -24.4% |
| 2023 | 365 | -30.9% |
| 2024 | 401 | +9.9% |
| 2025 | 416 | +3.7% |
| 2026, Jan to Sep | 317 | +0.0% |
Closed sales are counted by closing date. The 2026 comparison is measured against January through September 2025. The September average over 2021 to 2025 was 38 closed sales.
Morgan Hill closed sales by month, 2026 against 2025
| Month | 2026 | 2025 | vs Last Year |
|---|---|---|---|
| Jan | 29 | 28 | +3.6% |
| Feb | 33 | 27 | +22.2% |
| Mar | 39 | 31 | +25.8% |
| Apr | 32 | 47 | -31.9% |
| May | 38 | 27 | +40.7% |
| Jun | 46 | 31 | +48.4% |
| Jul | 41 | 38 | +7.9% |
| Aug | 32 | 45 | -28.9% |
| Sep | 27 | 43 | -37.2% |
Do Morgan Hill homes sell above asking price?
No. Closed sales in Morgan Hill averaged 99.7% of final list price in September 2026, up 2.0% vs Last Year, against 103.3% across Santa Clara County. A ratio below 100% means the average closing price was lower than the average final list price.
Sale to list ratio, Morgan Hill, by month, 2021 to 2026, with the 2026 Santa Clara County ratio, percent
Sale to list ratio, last 12 months as text
Oct 2025 99.1%, Nov 2025 99.9%, Dec 2025 96.9%, Jan 2026 99.0%, Feb 2026 100.9%, Mar 2026 100.9%, Apr 2026 101.2%, May 2026 99.3%, Jun 2026 101.2%, Jul 2026 100.1%, Aug 2026 100.8%, Sep 2026 99.7%. Santa Clara County 2026: Jan 102.8%, Feb 104.5%, Mar 105.7%, Apr 104.4%, May 103.8%, Jun 102.5%, Jul 101.8%, Aug 102.8%, Sep 103.3%.
Morgan Hill sale to list ratio by year
| Year | Sale to list ratio | vs Last Year | County ratio |
|---|---|---|---|
| 2021 | 104.7% | +4.5% | 107.5% |
| 2022 | 103.3% | -1.4% | 106.6% |
| 2023 | 99.9% | -3.3% | 103.1% |
| 2024 | 101.0% | +1.1% | 105.4% |
| 2025 | 99.5% | -1.5% | 103.8% |
| 2026, Jan to Sep | 100.4% | +0.7% | 103.6% |
Sale to list ratio is the average closing price divided by the average final list price across closed sales for the period. The 2026 row is compared with January through September 2025.
Morgan Hill sale to list ratio by month, 2026 against 2025
| Month | 2026 | 2025 | vs Last Year | County 2026 |
|---|---|---|---|---|
| Jan | 99.0% | 98.3% | +0.8% | 102.8% |
| Feb | 100.9% | 101.1% | -0.2% | 104.5% |
| Mar | 100.9% | 101.2% | -0.3% | 105.7% |
| Apr | 101.2% | 101.9% | -0.7% | 104.4% |
| May | 99.3% | 99.2% | +0.1% | 103.8% |
| Jun | 101.2% | 99.5% | +1.7% | 102.5% |
| Jul | 100.1% | 99.3% | +0.8% | 101.8% |
| Aug | 100.8% | 99.0% | +1.9% | 102.8% |
| Sep | 99.7% | 97.7% | +2.0% | 103.3% |
Your neighbors are selling. Should you?
Morgan Hill closed sales averaged 99.7% of final list price in September and the 2026 year to date median sale price is $1.38M. Get a current valuation built from the same MLS data on this page.
Morgan Hill home prices by property type
The 2026 year to date median sale price in Morgan Hill was $1.50M for a single family home, $872K for a townhome, and $678K for a condo. The average sale prices were $1.67M, $867K, and $738K.
Morgan Hill 2026 year to date by property type
| Property type | Median sale price | Average sale price | Median price per sq ft | Average price per sq ft | Median days on market | Average days on market | Sale to list | Closed sales |
|---|---|---|---|---|---|---|---|---|
| Single Family | $1.50M | $1.67M | $669 | $693 | 11 | 28 | 100.5% | 254 |
| Townhome | $872K | $867K | $524 | $538 | 26 | 58 | 99.2% | 35 |
| Condo | $678K | $738K | $554 | $610 | 63 | 86 | 99.6% | 28 |
Property types follow the MLSListings Inc. classification of each closed sale. Figures cover January through September 2026.
How has the Morgan Hill market changed over five years?
Comparing January through September of each year, the median sale price in Morgan Hill rose from $1.20M in 2021 to $1.38M in 2026, a total increase of 14.6% and an average annual increase of 2.8%. The average sale price rose 15.7% over the same period, from $1.30M to $1.50M.
Morgan Hill five year change, January through September, 2021 to 2026
| Metric | 2021, Jan to Sep | 2026, Jan to Sep | Five year change |
|---|---|---|---|
| Median sale price | $1.20M | $1.38M | +14.6% |
| Average sale price | $1.30M | $1.50M | +15.7% |
| Median price per square foot | $546 | $643 | +17.7% |
| Average price per square foot | $568 | $669 | +17.8% |
| Median days on market | 7 | 14 | +7 days |
| Average days on market | 16 | 36 | +20 days |
| Sale to list ratio | 104.7% | 100.4% | -4.3 points |
| Active listings in September | 99 | 110 | +11.1% |
| Closed sales, January to September | 538 | 317 | -41.1% |
Five year change always compares the same months: January through September 2021 with January through September 2026. In the December report it compares full calendar years. Days on market and sale to list ratio are shown as absolute differences because a percentage change on a ratio misreads easily.
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How every figure on this page is produced. The same definitions apply to every city report and the Santa Clara County report.
Show all 15 definitions
| Item | Definition |
|---|---|
| Source | Closed sales and active listings reported to MLSListings Inc. Statistics are calculated by Aegis Luxury Real Estate from that data. |
| Geographic coverage | A sale is counted in Morgan Hill when the MLSListings Inc. city field for the property is Morgan Hill and the property is in Santa Clara County. |
| Property types | Single family homes, townhomes, and condos, as classified by MLSListings Inc. Figures marked all property types combine the three. |
| Median | The middle value when every closed sale in the period is ranked, calculated from individual sales. |
| Average | The total of all values in the period divided by the number of closed sales. |
| Days on market | The MLS days on market field reported for each closed sale. Sales without that field are left out of the days on market figures. |
| Active listings | Listings on the market on the 15th of each month: listed on or before that date and not yet closed, canceled, expired, or withdrawn. Listings under contract count until they close. |
| Months of supply | Active listings on the 15th divided by the average monthly closed sales over the three months before that month. |
| Sale to list ratio | Average closing price divided by average final list price across closed sales in the period. |
| vs Last Year | The same month one year earlier. |
| Year to date | January through the latest completed month, compared with the same months of the prior year. |
| Last 12 months | The 12 completed months ending with the latest month, compared with the 12 months before them. |
| County comparisons | County figures cover residential sales in the 15 incorporated cities of Santa Clara County; unincorporated areas are not included. County medians are calculated from every qualifying sale across the 15 incorporated cities, not from city medians. County averages and ratios are weighted by closed sales. |
| Update cadence | Statistics update once a month and always cover the previous completed month. Listing data referenced in the MLS disclosure refreshes separately. |
| Small samples | When a month has fewer than 10 closed sales, the page shows the sale count and notes that monthly medians and averages can move sharply; year to date and last 12 months figures are the steadier read. |
Morgan Hill market questions, answered
The questions Timothy hears most about the Morgan Hill market. Every figure below reads from the same data as the tables above.
Is Morgan Hill a buyer's or seller's market right now?
Closed sales in Morgan Hill averaged 99.7% of final list price in September 2026, so in aggregate buyers closed below final list price. Active listings numbered 110 on September 15, 2026, down 15.4% vs Last Year. Months of supply was 2.8 in Morgan Hill against 2.5 across Santa Clara County. Price band, condition, and location decide which side has the edge on any single home.
How long does it take to sell a home in Morgan Hill?
Homes in Morgan Hill sold in a median of 27 days and an average of 42 days on market in September 2026, with the average down 1.3% vs Last Year, against a county average of 31. For 2026 to date, single family homes in a median of 11 and an average of 28, townhomes in a median of 26 and an average of 58, and condos in a median of 63 and an average of 86. When the average runs well above the median, a smaller group of slower sales is pulling the average up.
What is the median home price in Morgan Hill?
The median sale price in Morgan Hill was $1.40M in September 2026, unchanged vs Last Year. The average sale price was $1.31M, down 9.4% vs Last Year. The Santa Clara County median sale price for the same month was $1.65M. For 2026 to date the Morgan Hill median is $1.38M and the average is $1.50M, with a median price per square foot of $643 and an average of $669. The median is the middle sale when every closed sale is ranked by price; the average is the total of all sale prices divided by the number of sales. Both are calculated from closed transactions reported to MLSListings Inc. and update once a month.
How many homes sold in Morgan Hill in 2026?
317 homes closed in Morgan Hill from January through September 2026, unchanged from the 317 that closed over the same nine months of 2025. Total sales volume for the period is $475.53M, up 1.3% vs Last Year. By property type, single family homes for 254, townhomes for 35, and condos for 28.
Should I buy now or wait for prices to drop?
The five year table on this page shows the recorded trend rather than a forecast. Comparing January through September 2021 with the same months of 2026, the Morgan Hill median sale price has risen an average of 2.8% per year and the average sale price has risen 3.0% per year, with the year to date median lower than the year before in 2023. Waiting pays when the financing cost you avoid and the rent you pay in the meantime outweigh the change in price. A buyer brief models this for your own numbers before you commit to a strategy.
How does Morgan Hill compare to nearby cities?
Nearby cities include Gilroy, San Jose, and Santa Clara. Morgan Hill's September 2026 median sale price of $1.40M is below the county median of $1.65M, and its 2.8 months of supply compares with 2.5 across the county. Each city has its own pricing, inventory, and pace of sales, and the market reports for nearby cities at the bottom of this page open the same set of metrics for each of them.
Timothy Alston
Broker, DRE# 01328224, Aegis Luxury Real Estate. 23 years in Silicon Valley.
I built this entire data platform because I believe buyers and sellers deserve transparent, real time market intelligence, not guesswork. Every figure on every city page comes from the same MLS feed I use to advise my clients. The difference between a good deal and a great deal is knowing what the data says before you sit down at the table.
Schedule a consultation (408) 207-4593From the Morgan Hill desk
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