March 2024 Real Estate Report

Homes For Sale
74 Total
Homes For Sale
Homes added
42 Homes
Added to the Market
Homes For Sale
29 Homes
Sold
Compared to Previous Month
22%
More Homes For Sale
home chart
24%
More Homes Sold
add_circle

Last month in March, housing in Morgan Hill, CA ended with 42 homes being added to the market for sale, for a cumulative monthly total of 74 homes for sale - up 22% compared to February. Morgan Hill, CA had a total of 29 homes sold for the month - up 24% from the month prior.

Detached led the way in homes sold with a total of 25 - up 32%, while attached totaled 4 in closed sales - down -25% from the month of February. The number of detached properties sold under 1500 square feet totaled 3 for the month of March, while homes from 1500 to 2000 square feet recorded 1 sales and homes sized from 2000 to 2500 square feet had 8 sales. While homes from 2500 to 3000 square feet square feet recorded 5 homes sold and homes from 3000 to 3500 square feet had 4 sales, while homes in the 3500 to 4000 square feet range totaled 1 homes sold. Homes from 4000 to 4500 square feet had 3 sales. The following ranges for detached homes all had no sales: 4500 to 5000, over 5500.

The number of attached homes sold attached homes in the square feet range of 1500 to 2000 recorded 1 sales and attached properties from 2000 to 2500 square feet had a total of 3 homes sold. The following ranges for attached homes all had no sales: under 1500, 2500 to 3000, 3000 to 3500, 3500 to 4000, 4000 to 4500, 4500 to 5000, over 5500.


When are the most homes sold in Morgan Hill, CA?
May:
48 Homes Sold
add_circle

The last 12 month period for the city of Morgan Hill, CA shows that the greatest number of homes were sold during the months of May 2023, June 2023 and October 2023. The months of May 2023, June 2023 and October 2023 had 48 - 39 and 38 homes sold, respectively, as compared to an average of 26 for the other months of the year.

Sold Comparison Image
When do homes sell the fastest in Morgan Hill, CA?
July:
16 Days On Market
add_circle

The last 12 month period for the city of Morgan Hill, CA shows that homes sold the fastest during the months of June 2023, July 2023 and September 2023. The months of June 2023, July 2023 and September 2023 had 17 - 16 and 18 days on market, respectively, as compared to an average of 26 for the other months of the year.


Average Price Of Homes Sold In Morgan Hill, CA
By Size Category

Average Sold Price
Average Price Per Square Foot

Average Price Of Homes Sold In Morgan Hill, CA
By Year

Average Sold Price
Average Price Per Square Foot
Number of homes sold in Morgan Hill, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2024232229 - - - - - - - - - 74
2023121632164839342735382524346
2022342356626152434936372229504
2021242959797662695440584447641
2020224137364062777356696259634
2019201743485953525643444142518
2018293037536151505938313824501
2017282347245264435653495148538
Average Days On Market (DOM) In Morgan Hill, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2024352721 - - - - - - - - - 28
202332512918261716301834192626
2022142613912717243127434823
202130171823131715231518102419
202084553125293038332622201634
201941573429472625374050424940
201828362042301822163443313029
201753403726162535282927262030
Average Days From List To Close Of Escrow In Morgan Hill, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
2024715746 - - - - - - - - - 58
202360775541544846614563475254
202249554048434159566454738255
202159494956474946504467425951
2020123906561716679706263555171
201977886057785758757083728372
201863695280615061486775595962
201795747157486474636361685366
Number of homes added to the market in Morgan Hill, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2024293742 - - - - - - - - - 108
2023202843375439473647283413426
2022265273726253373735252312507
2021415976696368535047463924635
2020339656376257685669654425668
2019204759628355375041472114536
201832534254625058393432339498
2017313456585853514944444415537