Monthly market wrap MONTHLY MARKET WRAP Morgan Hill Townhouses · May 2026 The Morgan Hill market eased in May: most key signals moved the buyer's way. Median sale price $720K ▼ -30.9% vs Apr Time to pending 135d ▲ 118 days slower vs Apr Sold over asking 0% ▼ -75 pts vs Apr Active listings 25 ▲ +38.9% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Morgan Hill Townhouses · May 2026 Only 0% of Morgan Hill townhouses sold over asking, so buyers have room to negotiate. 100.0% average sale price vs. asking price Sold over asking 0% vs. a year ago +0 pts 102.5% 100.7% 98.9% Sold at asking price 100.0% May 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 Townhouses · May 2026 Morgan Hill townhouses are selling right at asking price, on average. -$480K median sale price minus asking price Median asking price $1.2M Median sale price $720K $1.32M $1.08M $851K Sold Asking May 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Morgan Hill Townhouses · May 2026 Morgan Hill townhouse values dipped -26.5% from a year ago. $720K median sale price Year over year -26.5% Homes sold last month 1 $995K $875K $754K $720K Apr 2019 Oct 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Morgan Hill Townhouses · May 2026 Morgan Hill townhouses are taking 135 days to sell, 21 days faster than last year, so patience and pricing win. 135 days median time to pending Gone within two weeks 57% vs. a year ago 21 days faster 194d 129d 65d 135d May 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Morgan Hill Townhouses · May 2026 Morgan Hill inventory is up 56.3% year over year, so sellers have more competition. 25 active listings Year over year +56.3% Months of supply 25.0 21 15 9 25 May 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 Townhouses · May 2026 1 in 2 Morgan Hill listings cut its asking price last month, up 14 pts from a year ago. 64% of active listings cut their asking price vs. a year ago +14 pts Active listings 25 48% 32% 16% 64% May 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Morgan Hill Townhouses · May 2026 Morgan Hill moves at two speeds: 57% of townhouses were gone inside two weeks while the rest sat longer. 57% of listings went pending within two weeks Median time to pending 135 days vs. a year ago +29 pts 41% 25% 9% Half of listings 57% May 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Morgan Hill Townhouses · May 2026 November is historically Morgan Hill's calmest month for buyers: 2.7 pts less over-asking than February. November historically the calmest month for buyers Buyer's edge vs February -2.7 pts Years of Redfin data 10+ Yearly average J F M A M J J A S O N D -1.0 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 Townhouses · May 2026 Morgan Hill townhouse values are up +21% over the past 10 years. +21% median sale price growth since 2016 Median price in 2016 $594K Average gain per year +1.9% $880K $762K $645K $720K Jan 2016 Mar 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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