Monthly market wrap MONTHLY MARKET WRAP Morgan Hill All home types · May 2026 Morgan Hill held steady in May: the key market signals were mixed. Median sale price $1.34M ▲ +3.5% vs Apr Time to pending 13d ▲ 1 day slower vs Apr Sold over asking 57% ▲ +3 pts vs Apr Active listings 100 ▲ +14.9% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Morgan Hill All home types · May 2026 Most Morgan Hill homes are still selling over asking (57%). Price to invite competition. 100.8% average sale price vs. asking price Sold over asking 57% vs. a year ago +21 pts 102.1% 101.0% 99.9% Sold at asking price 100.8% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Are you an agent? Create a branded market page for free like this for your own cities.
Try ListingCopilot → The negotiation gap THE NEGOTIATION GAP Morgan Hill All home types · May 2026 The typical Morgan Hill home closes +0.8% above its asking price. +$140K median sale price minus asking price Median asking price $1.2M Median sale price $1.34M $1.36M $1.19M $1.02M Sold Asking Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Morgan Hill All home types · May 2026 Morgan Hill home values dipped -2.8% from a year ago. $1.34M median sale price Year over year -2.8% Homes sold last month 35 $1.33M $1.14M $958K $1.34M Jun 2019 Dec 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Morgan Hill All home types · May 2026 Morgan Hill homes are flying off the market in 13 days, 17 days faster than last year. 13 days median time to pending Gone within two weeks 46% vs. a year ago 17 days faster 57d 38d 19d 13d Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Morgan Hill All home types · May 2026 Morgan Hill inventory is up 33.3% year over year, so sellers have more competition. 100 active listings Year over year +33.3% Months of supply 2.9 89 69 49 100 Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Buying or selling in Morgan Hill? Jason tracks this market every month and can give you a local read before your next move.
Price cuts PRICE CUTS Morgan Hill All home types · May 2026 1 in 2 Morgan Hill listings cut its asking price last month, up 22 pts from a year ago. 46% of active listings cut their asking price vs. a year ago +22 pts Active listings 100 32% 23% 15% 46% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Morgan Hill All home types · May 2026 Morgan Hill moves at two speeds: 46% of homes were gone inside two weeks while the rest sat longer. 46% of listings went pending within two weeks Median time to pending 13 days vs. a year ago +5 pts 51% 35% 19% Half of listings 46% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Morgan Hill All home types · May 2026 January is historically Morgan Hill's calmest month for buyers: 2.6 pts less over-asking than April. January historically the calmest month for buyers Buyer's edge vs April -2.6 pts Years of Redfin data 11+ Yearly average J F M A M J J A S O N D -1.2 pts Bars over/under-asking vs the yearly average Line price seasonalityGenerated by ListingCopilot.io Source: Redfin housing market data 10-year price growth WAITING HAS A PRICE Morgan Hill All home types · May 2026 A Morgan Hill home bought in 2016 has gained +77% in value since. +77% median sale price growth since 2016 Median price in 2016 $755K Average gain per year +5.9% $1.23M $1.04M $859K $1.34M May 2016 May 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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