Is Morgan Hill, CA 95037 a buyer’s or seller’s market?

The Morgan Hill housing market right now

In the three months ending August 31, 2026, 43% of homes in Morgan Hill, CA 95037 sold above their list price, the typical home went under contract in 27 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 136 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 33%, homes sold more slowly (21 days then) and the median sale price fell 1% to $1,360,661. Overall, Morgan Hill is more competitive than a year ago, so tougher for buyers.

Within Santa Clara County, homes here sell more slowly than in 85% of the county’s ZIP codes, and sell less often over asking than in 69%. On our competition score, Morgan Hill ranks #221 of 1,069 CA ZIP codes with enough sales (score 77 out of 100).

Nearby, buyers who want less competition could look at San Jose 95134 (0% sold over asking) or San Jose 95113 (0% sold over asking), while San Jose 95129 (72% sold over asking) and Sunnyvale 94087 (64% sold over asking) are even more competitive.