DRE #02250755“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
DRE #02250755“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
Data through Aug 2026
Morgan Hill is shifting toward buyers. Here's where things stand:
Based on 127 homes sold in the 3 months ending August 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.
Data through August 2026
See how prices, monthly costs, and mortgage rates have moved in Morgan Hill.
Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.
The median sale price in Morgan Hill is $1.33M — up 10% from $1.21M in October 2021. Over that stretch, the median peaked at $1.42M in May 2024 and bottomed at $1.10M in January 2025. That puts today's price about 5% above the area's 5-year average of $1.27M. Each point is the median of a rolling 3-month window of closings, so the curve runs smoother than any single month; the multi-year direction is the signal.
What buyers actually pay has moved more than the sticker price suggests: a typical monthly payment (20% down, principal & interest) is about $6,859 today, up 65% from $4,155 in October 2021. Most of that increase comes from mortgage rates (3.1% then vs. 6.7% now), not prices — at October 2021 rates, today's median would run about $4,581/mo.
Seasonally, the three months ending in September have been the busiest stretch for closings in Morgan Hill over the past 5 years (about 130 sales in that window on average, vs. 86 for the stretch ending in February), while competition has run hottest in the stretch ending in May (59% of homes selling over asking on average). That's an average across just 5 observations per month, so treat it as a tendency, not a rule.
Morgan Hill currently leans toward buyers. Homes are sitting longer and sellers are more open to negotiation. It is a good time to take your time, request contingencies, and consider offering below asking.
At $1.33M, Morgan Hill's median sits about 25% below the Bay Area average of $1.78M. That average is skewed high by ultra-premium peninsula enclaves like Atherton and Woodside, so a more useful frame is that Morgan Hill is one of the more accessible corners of the Bay Area.
By home type:
Prices in Morgan Hill depend heavily on home type and specific neighborhood. Median sale prices by type:
Individual listings vary widely based on location, size, and condition. The best calibration is to narrow to a few specific neighborhoods you are considering and look at recent sales there.
Morgan Hill currently leans toward buyers:
Buyer strategy: a well-structured offer near or below list price has a good chance of success.
At $1.33M with 20% down at 7.28%, your estimated total monthly cost is approximately $8,876:
HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.
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