Morgan Hill Housing Market Report – July 2026
Here's a look at how the Morgan Hill, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 53
- Median Sale Price: $1,265,000
- Average Sale Price: $1,312,584
- Average Price Per Sq Ft: $660
- Average Days on Market: 75
- Sale-to-List Price Ratio: 99.2%
Month-Over-Month Trends
Compared to June, the median sale price in Morgan Hill moved 7.0% down (from $1,360,000 to $1,265,000). The number of homes sold was 15.9% down compared to the prior month (63 vs. 53). Average days on market shifted 7.1% up (70 days to 75 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 9.8% down (from $1,402,500 to $1,265,000). Sales volume is 15.2% up year-over-year.
What This Means
Morgan Hill's housing market is cooling noticeably as summer peaks. While 53 homes sold in July represents solid activity, the month-over-month decline of nearly 16 percent suggests buyer interest is waning, likely due to seasonal summer patterns when families prioritize vacations over home shopping. More telling is that median prices have slipped 7 percent since June and 9.8 percent year-over-year, signaling a gradual shift toward a more balanced market after years of sustained appreciation. The sale-to-list ratio of 99.2 percent remains healthy, but it's below the levels we saw in previous months, indicating sellers are becoming less dominant in negotiations.
Days on market creeping up to 75 days is worth watching. While still reasonable, this represents the slowest pace we've seen recently, suggesting homes need more time to find buyers. With 215 active listings available and inventory growing, buyers finally have some breathing room. The current median asking price of $1.3 million closely mirrors actual sale prices, which is refreshing—it means the market is self-correcting without the aggressive overpricing we've observed before. For buyers, this environment offers genuine negotiating power. For sellers, the takeaway is clear: aggressive pricing and strong presentation matter more than ever in this normalizing market.
Morgan Hill Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95037 | 53 | $1,265,000 | $660 | 75 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 40 | $1,357,500 | $700 |
| CONDOS | 6 | $673,600 | $551 |
| LAND | 2 | $487,500 | N/A |
| MOBILE | 2 | $372,000 | $264 |
| OTHER | 2 | $1,412,500 | N/A |
| TOWNHOMES | 1 | $890,000 | $502 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $200K - $299K | 1 |
| $300K - $399K | 2 |
| $400K - $499K | 1 |
| $500K - $749K | 6 |
| $750K+ | 43 |
Current Active Listings
As of this report, there are 215 active listings in Morgan Hill with a median asking price of $1,299,000 and an average of 84 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.
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