Blog > What Your Budget Buys in Morgan Hill: Houses by Price Range (2026)
What does your budget buy in Morgan Hill? We sorted every Morgan Hill house sale from the last 24 months by price and looked at what each range bought: living area, bedrooms, bathrooms, lot and how far over or under asking each sold. The middle of the market, $1.5M–$2M, bought a median 2,670 square feet with 4 bedrooms and 3 bathrooms on an 8,740 square-foot lot. Here’s every range, plus condos and townhomes. We’re the Property Nerds, so the numbers come from real sales.
The short answer
- $500K–$1M: 73 sales, a median 1,260 sq ft with 2 bedrooms.
- $1.5M–$2M (where the median $1.52M falls): 161 sales, 2,670 sq ft, 4 bedrooms, 3 bathrooms, an 8,740 sq ft lot.
- $3M and up: 51 sales, 5,030 sq ft, 5 bedrooms, a 17,930 sq ft lot.
- Condos and townhomes: the median sold for $882K at 1,720 sq ft.
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Buying or selling in Morgan Hill?
- What’s my home worth? Ask for the recent sales on your street.
- Selling a home in Morgan Hill: pricing, prep and what’s selling now.
- Talk to a Property Nerd about your plans.
Every price range
House sales in the last 24 months (October 28, 2024 to October 27, 2026) (ranges with at least 12 sales):
| Price range | Sales | Share | Living area | Beds | Baths | Lot | Per sq ft | Typical sale |
|---|---|---|---|---|---|---|---|---|
| $500K–$1M | 73 | 11% | 1,260 sq ft | 2 | 2 | 3,700 sq ft | $684 | at asking |
| $1M–$1.5M | 256 | 38% | 1,880 sq ft | 4 | 2.5 | 7,030 sq ft | $663 | at asking |
| $1.5M–$2M | 161 | 24% | 2,670 sq ft | 4 | 3 | 8,740 sq ft | $630 | at asking |
| $2M–$2.5M | 82 | 12% | 3,230 sq ft | 4 | 3.5 | 12,160 sq ft | $668 | at asking |
| $2.5M–$3M | 42 | 6% | 3,990 sq ft | 4 | 3.5 | 25,080 sq ft | $694 | at asking |
| $3M and up | 51 | 8% | 5,030 sq ft | 5 | 5.5 | 17,930 sq ft | $699 | 2% over asking |
What the next step up buys
Moving from $1.5M–$2M to $2M–$2.5M bought about 560 more square feet at the median, and a lot about 3,420 square feet bigger. The biggest jump in size is at the top: from $2.5M–$3M to $3M and up, the median house grew by 1,040 square feet.
Condos and townhomes by price
Condo and townhome sales in the last 24 months (October 28, 2024 to October 27, 2026) (ranges with at least 10 sales):
| Price range | Sales | Living area | Beds | Baths | Per sq ft | Typical sale |
|---|---|---|---|---|---|---|
| $500K–$750K | 52 | 1,140 sq ft | 2 | 2 | $545 | 0.2% under asking |
| $750K–$1M | 110 | 1,700 sq ft | 3 | 2.5 | $526 | at asking |
| $1M–$1.25M | 36 | 2,170 sq ft | 4 | 3.5 | $489 | at asking |
Stretching a budget
- Lot size: a 10% bigger lot went with about 1% more in price for the same house here, so a smaller lot is one way to stretch a budget; see what adds value to a Morgan Hill house.
- The monthly cost: what it costs to own in Morgan Hill turns each price into a payment.
- Neighborhood by neighborhood: Morgan Hill neighborhoods ranked by price per square foot shows where a budget goes further.
- Bidding: the “typical sale” column shows how far over or under asking each range closed.
What about $1.5 million across six cities?
Houses that sold for $1.25M to $1.75M in the last 24 months (October 28, 2024 to October 27, 2026), in San Jose, Mountain View, Campbell, Milpitas, Morgan Hill and Gilroy. For Palo Alto, Los Altos, Sunnyvale, Cupertino, Santa Clara, Los Gatos and Saratoga at $2M to $5M, see what $3 million buys in Silicon Valley.
| City | Sales | Living area | Beds | Lot | Typical sale |
|---|---|---|---|---|---|
| San Jose | 2,638 | 1,540 sq ft | 3 | 6,090 sq ft | 1.5% over asking |
| Mountain View | 23 | 1,110 sq ft | 3 | 5,000 sq ft | 1.2% under asking |
| Campbell | 66 | 1,360 sq ft | 3 | 6,440 sq ft | at asking |
| Milpitas | 185 | 1,430 sq ft | 3 | 5,780 sq ft | 0.4% over asking |
| Morgan Hill | 245 | 2,330 sq ft | 4 | 8,090 sq ft | at asking |
| Gilroy | 195 | 2,940 sq ft | 4 | 7,460 sq ft | at asking |
Bidding by price range
Over the last 24 months the $500K–$1M range typically closed at asking, with 30% of sales over asking, and the range of $3M and up 2% over asking, with 61% over. Our Morgan Hill over-asking post has every range and size.
The least expensive quarter
A quarter of Morgan Hill houses sold for $1.21M or less in the last 12 months (77 sales). The median one had 1,390 square feet, 3 bedrooms and 2 bathrooms on a 5,400 square-foot lot, and sold at asking.
Questions we get
What does $1.5 million buy in Morgan Hill?
Houses that sold for $1.25M to $1.75M in the last 24 months had a median 2,330 square feet and 4 bedrooms on an 8,090 square-foot lot (245 sales).
What’s the least expensive way into Morgan Hill?
Condos and townhomes: the median sold for $882K in the last 12 months. The least expensive quarter of houses sold for $1.21M or less.
How big is the typical Morgan Hill house?
The median house sold in the last 12 months had 2,430 square feet and sold for $1.52M.
How we counted
Medians of closed sales reported to the MLS and read through the IDX feeds that power our home search, one record per sale with a usable living area and map position, the same rules as our city price posts. Houses are MLS property type “single family home”; condos include townhomes. Price ranges use the last 24 months (October 28, 2024 to October 27, 2026); the city medians use the last 12 months (October 28, 2025 to October 27, 2026). Lot is the lot size the listing reports. “Typical sale” is the median of sale price against list price. Past sales aren’t a forecast or the value of any one home, and nothing here is financial, tax or legal advice.
Go deeper
Morgan Hill housing market by the numbers, moving to Morgan Hill, Morgan Hill house prices by bedrooms and Morgan Hill condo and townhome prices.
More Morgan Hill numbers from the Property Nerds
Talk to a Property Nerd
We’re the Property Nerds at Compass, recognized as NextGenAgents by a national real estate portal. We’ll pull the sales that matter for your home and your plans, and walk you through what they mean. Call (408) 373-1660 or (650) 383-8606, or book a strategy call. Commissions are negotiable, and we offer bundled services, so ask us what’s included.