2 new real estate properties in Morgan Hill, California have been added to Ofirio in the last 7 days.
Of those new properties:
Morgan Hill, California has a low demand for real estate. This is determined by the difference between the list price and the closed price, which on average is 2% lower than than the list price. The demand for luxury real estate is higher than the demand for “Under $300k” real estate by 1%. Homes in Morgan Hill, California are on the market for 58 days, on average among all of our listings.
This week the following real estate properties became available for sale:
The biggest change in price is in the No HOA segment and it is 67% ($498,881) more than the week prior.
The average closing price for real estate in Morgan Hill California has fallen by 39% from the last week, which amounted to $1,599,439.
As of December 2022 Morgan Hill, CA is a seller market which means homes sell faster at a higher price. In December 2022, 11 homes (19.3%) sold at asking price, 40 homes (70.2%) sold below asking price, and 6 homes (10.5%) were sold above asking price. If purchasing a home there is little room to negotiate the price.
The median home price decreased by 9.2% from $1,300,000 in December 2021 to $1,180,000 in December 2022. The number of homes sold in Morgan Hill, CA has decreased by 41.1% over the last year from 90 in December 2021 to 53 homes in December 2022.
Homes in Morgan Hill, CA have sold for 11.7% less per ft² than they did a year ago. As of December 2022 the average price per square foot is $524.