Morgan Hill Housing Market Report – April 2026
Here's a look at how the Morgan Hill, CA real estate market performed in April 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 36
- Median Sale Price: $1,287,500
- Average Sale Price: $1,460,180
- Average Price Per Sq Ft: $668
- Average Days on Market: 75
- Sale-to-List Price Ratio: 99.9%
Month-Over-Month Trends
Compared to March, the median sale price in Morgan Hill moved 4.6% down (from $1,350,000 to $1,287,500). The number of homes sold was 33.3% down compared to the prior month (54 vs. 36). Average days on market shifted 13.6% up (66 days to 75 days).
Year-Over-Year Comparison
Compared to April 2025, the median sale price is 11.2% down (from $1,450,000 to $1,287,500). Sales volume is 42.9% down year-over-year.
What This Means
Morgan Hill's housing market is showing clear signs of cooling this spring. With only 36 homes sold in April—down a third from March and nearly 43 percent year-over-year—buyer activity has noticeably softened. The median price dropped 4.6 percent month-over-month and 11.2 percent annually, suggesting that even in this desirable South Bay community, affordability pressures are finally catching up with demand. Homes are sitting on the market about two weeks longer than a month ago, though the 99.9 percent sale-to-list ratio indicates that realistic pricing still moves inventory quickly.
The spike in active listings to 175 units is telling. Sellers are competing harder for fewer buyers, which explains why homes are staying listed longer despite sellers holding near their asking prices. This shift from a seller's market to something more balanced reflects the broader regional story: higher interest rates and stretched budgets have made Morgan Hill's entry point above $1.28 million feel out of reach for many would-be buyers. For sellers, the message is clear—April's market rewards those priced competitively, but aggressive pricing won't guarantee a quick sale anymore. If you're considering a move, this buyer-friendly environment is worth taking seriously.
Morgan Hill Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95037 | 36 | $1,287,500 | $668 | 75 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 26 | $1,435,000 | $708 |
| TOWNHOMES | 4 | $935,000 | $665 |
| LAND | 3 | $1,220,000 | N/A |
| MOBILE | 2 | $337,000 | $238 |
| CONDOS | 1 | $590,000 | $490 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $200K - $299K | 1 |
| $300K - $399K | 1 |
| $500K - $749K | 3 |
| $750K+ | 31 |
Current Active Listings
As of this report, there are 175 active listings in Morgan Hill with a median asking price of $1,299,000 and an average of 67 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.