Monthly market wrap MONTHLY MARKET WRAP Morgan Hill Single-family homes · May 2026 The Morgan Hill market tilted hotter in May: most key signals moved the seller's way. Median sale price $1.39M ▲ +2.5% vs Apr Time to pending 11d even with Apr Sold over asking 59% ▲ +4 pts vs Apr Active listings 58 ▲ +9.4% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Morgan Hill Single-family homes · May 2026 Most Morgan Hill SFHs are still selling over asking (59%). Price to invite competition. 100.9% average sale price vs. asking price Sold over asking 59% vs. a year ago +23 pts 102.6% 101.3% 100.0% Sold at asking price 100.9% 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 Single-family homes · May 2026 The typical Morgan Hill SFH closes +0.9% above its asking price. +$185K median sale price minus asking price Median asking price $1.2M Median sale price $1.39M $1.6M $1.4M $1.21M 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 Single-family homes · May 2026 Morgan Hill SFH values dipped -0.8% from a year ago. $1.39M median sale price Year over year -0.8% Homes sold last month 32 $1.46M $1.26M $1.06M $1.39M Jun 2019 Dec 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Morgan Hill Single-family homes · May 2026 Morgan Hill SFHs are flying off the market in 11 days, 19 days faster than last year. 11 days median time to pending Gone within two weeks 50% vs. a year ago 19 days faster 65d 44d 22d 11d Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Morgan Hill Single-family homes · May 2026 Morgan Hill inventory is up 20.8% year over year, so sellers have more competition. 58 active listings Year over year +20.8% Months of supply 1.8 54 41 28 58 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 Single-family homes · May 2026 1 in 2 Morgan Hill listings cut its asking price last month, up 33 pts from a year ago. 53% of active listings cut their asking price vs. a year ago +33 pts Active listings 58 33% 24% 14% 53% 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 Single-family homes · May 2026 Morgan Hill moves at two speeds: 50% of SFHs were gone inside two weeks while the rest sat longer. 50% of listings went pending within two weeks Median time to pending 11 days vs. a year ago +6 pts 55% 37% 20% Half of listings 50% 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 Single-family homes · May 2026 January is historically Morgan Hill's calmest month for buyers: 3.0 pts less over-asking than March. January historically the calmest month for buyers Buyer's edge vs March -3.0 pts Years of Redfin data 11+ Yearly average J F M A M J J A S O N D -1.5 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 Single-family homes · May 2026 A Morgan Hill SFH bought in 2016 has gained +72% in value since. +72% median sale price growth since 2016 Median price in 2016 $808K Average gain per year +5.5% $1.36M $1.15M $929K $1.39M May 2016 May 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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