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Market Intelligence · CA / Santa Clara County

Morgan Hill, CA home prices and housing market

1 ZIP market liveData updated September 2026Typical value$1.32M1-yr changeUp3.3%

The typical home value in Morgan Hill, CA is $1.32M as of September 2026, up 3.3% from a year ago, based on the Zillow Home Value Index. In the typical Morgan Hill ZIP code, the median list price is $1.37M and homes spend a median of 52 days on market as of September 2026 (Realtor.com).

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The coverage

Morgan Hill, by the numbers.

Typical home valueZillow ZHVI, September 2026
$1.32M
1-yr changeMedian across Morgan Hill ZIPs
+3.3%
ZIP markets live2 tracked in Morgan Hill
1
County
Santa Clara County

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12-month value trend

+3.3% over 12 months

Typical home value in Morgan Hill over the last 12 months: $1.27M in Sep 2025 to $1.32M in Sep 2026 (+3.3%).

Sep 2025$1.27M

Sep 2026$1.32M

Median Zillow home value index across Morgan Hill's ZIP codes.

Context

Morgan Hill's housing market shows modest growth. The typical home value is $1,316,091, up 3.3% over the past year as of September 2026. There are 102 homes currently for sale, with a median list price of $1,369,050. Homes are spending a median of 52 days on the market, and 22.4% of listings have seen a price cut. For homeowners considering a sale, the combination of moderate appreciation, a reasonable number of active listings, and a meaningful share of price reductions suggests a balanced market where timing and pricing strategy matter.

The numbers

What is the housing market like in Morgan Hill, CA?

Typical home value

$1.32M

Up3.3%YoY

Median list price

$1.37M

Days on market

52

Homes for sale

102

Price cuts

22.4%

New listings

40

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Morgan Hill's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Morgan Hill, CA home prices over time

Typical home values in Morgan Hill, CA are up 3.3% over the past year, from $1.27M in September 2025 to $1.32M in September 2026.

Typical home value in Morgan Hill, CA, September of each year
MonthTypical value1-yr change
September 2026$1,316,091+3.3%
September 2025$1,274,143No prior year

Typical value is the median Zillow Home Value Index across Morgan Hill ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Morgan Hill, CA a buyer's or seller's market?

Morgan Hill, CA is roughly balanced between buyers and sellers.

These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction.

Based on a median of 52 days on market and 22% of listings with a price cut in the typical Morgan Hill ZIP code, and 40 new listings against 102 active listings across Morgan Hill, as of September 2026 (Realtor.com).

The outlook

Morgan Hill housing market forecast 2027

+1.4%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 1 Morgan Hill ZIP code, points to typical home values rising 1.4% by September 2027.

Over the 12 months through September 2026, typical home values in Morgan Hill rose 3.3%, per the Zillow Home Value Index.

Will home prices drop in Morgan Hill?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Morgan Hill shows typical home values rising 1.4% by September 2027, after a 3.3% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 1 Morgan Hill ZIP code has both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Morgan Hill?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 2 Morgan Hill ZIP codes in total; the remaining 1 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Morgan Hill, CA home prices.

How much is a home in Morgan Hill worth?

The typical home value in Morgan Hill is $1,316,091 as of September 2026, having appreciated 3.3% over the past year.

How long do homes take to sell in Morgan Hill?

Homes in Morgan Hill spend a median of 52 days on the market as of September 2026.

How many homes are for sale in Morgan Hill?

As of September 2026, there are 102 homes for sale in Morgan Hill, with 40 new listings and a median list price of $1,369,050.

Are home prices going up or down in Morgan Hill, CA?

Typical home values in Morgan Hill, CA are up 3.3% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Morgan Hill, CA a buyer's or seller's market?

Morgan Hill, CA is roughly balanced between buyers and sellers. These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction. Based on a median of 52 days on market and 22% of listings with a price cut in the typical Morgan Hill ZIP code, and 40 new listings against 102 active listings across Morgan Hill, as of September 2026 (Realtor.com).

Nearby markets

More California housing markets.

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