Monthly market wrap MONTHLY MARKET WRAP Morgan Hill Condos · May 2026 The Morgan Hill market tilted hotter in May: most key signals moved the seller's way. Median sale price $623K ▲ +3.9% vs Apr Time to pending 121d ▼ 91 days faster vs Apr Sold over asking 50% ▲ +50 pts vs Apr Active listings 16 ▲ +14.3% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Morgan Hill Condos · May 2026 Most Morgan Hill condos are still selling over asking (50%). Price to invite competition. 99.1% average sale price vs. asking price Sold over asking 50% vs. a year ago -50 pts 101.3% 100.2% 99.1% Sold at asking price 99.1% Apr 2024 May 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 Condos · May 2026 Morgan Hill condos are closing +0.9% below asking. The list price has become a starting point. -$577K median sale price minus asking price Median asking price $1.2M Median sale price $623K $1.3M $1.02M $752K Sold Asking Apr 2024 May 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Morgan Hill Condos · May 2026 Morgan Hill condo values dipped -35.8% from a year ago. $623K median sale price Year over year -35.8% Homes sold last month 2 $950K $813K $675K $623K Mar 2019 Sep 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Morgan Hill Condos · May 2026 The typical Morgan Hill condo goes pending in 121 days, 64 days slower than last year. 121 days median time to pending Gone within two weeks 0% vs. a year ago 64 days slower 377d 251d 126d 121d Apr 2024 May 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Morgan Hill Condos · May 2026 Morgan Hill inventory is up 60.0% year over year, so sellers have more competition. 16 active listings Year over year +60.0% Months of supply 8.0 18 12 6 16 Apr 2024 May 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 Condos · May 2026 1 in 3 Morgan Hill listings cut its asking price last month, up 11 pts from a year ago. 31% of active listings cut their asking price vs. a year ago +11 pts Active listings 16 35% 29% 23% 31% Apr 2024 Jul 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Morgan Hill Condos · May 2026 Only 0% of Morgan Hill condos went pending within two weeks. Most listings are taking their time. 0% of listings went pending within two weeks Median time to pending 121 days vs. a year ago -100 pts 55% 33% 12% Half of listings 0% Apr 2024 May 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Morgan Hill Condos · May 2026 December is historically Morgan Hill's calmest month for buyers: 3.6 pts less over-asking than May. December historically the calmest month for buyers Buyer's edge vs May -3.6 pts Years of Redfin data 9+ Yearly average J F M A M J J A S O N D -2.6 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 Condos · May 2026 Morgan Hill condo values are up +48% over the past 10 years. +48% median sale price growth since 2016 Median price in 2016 $420K Average gain per year +4.0% $831K $670K $509K $623K Nov 2015 Feb 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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